VENDOR MANAGED INVENTORY (VMI)
Under traditional supply chain models the buyer is responsible
for placing orders as the need arises. This can lead to process
inefficiencies and unnecessary burden on end-users. By letting us
manage and replenish your inventory, a VMI program will streamline
your inventory procedures, boost your bottom line, and alleviate
you of the issues that normally arise from the supply chain process.
The benefits of VMI:
Avoid going out of stock
The program is designed to reduce last-minute orders and interruptions
to the labor force from unexpected stockouts. You set the minimum
product quantity to be stocked. We'll ensure you have what you
need, when you need it.
Lower carrying costs
You set the maximum product quantity to be stocked at any given
time. By having exactly what you need and no more, you won't
tie up space and capital unnecessarily.
Reduce labor costs
Your employees will no longer have to spend time managing inventory
or placing individual orders when product is needed. We'll assume
the burden of keeping you in stock, freeing up your employees
to perform other functions.
Flexibility
A dedicated representative will work alongside your team to
develop a tailored VMI program that suits your needs. Have us
manage a few crucial products or your entire product range,
whether from a centralized tool crib or stock locations across
multiple facilities. Tell us how often you'd like us to be onsite
(weekly, bi-weekly, etc.), and we'll be there to manage your
inventory. Easily adjust your program at any time to account
for growth or changing needs.
Request a representative to get
started!