Vendor Managed Inventory
Vendor Manged Inventory
Vendor Managed Inventory (VMI) provides end-customers with savings opportunities by reducing inventory and eliminating downtime. Analyzing the end-customer's internal processing costs, receiving costs, and inventory management, a comprehensive VMI program has helped our customers to recognize significant cost savings.
Benefits:
- Reduces the amount of needless overstock
- Prevents delays caused by back orders
- Minimizes part obsolescence
- Decreases the number of orders placed and invoices submitted
- Allows for more effective use of Stores Department time management
- Reduces inventory carrying costs
- Reduces delivery costs