Vendor Management Inventory (VMI)

Vendor Managed Inventory (VMI) gives your suppliers insight into your warehouse stock levels to ensure that they remain within agreed minimum and maximum limits. The data is integrated right from your ERP system and updated daily, so both sides can plan on the basis of identical information. In critical situations, for example where there is an imminent risk of your stock levels falling below the minimum threshold, you and your supplier are automatically informed.

Key features:

1. A simulation function allows your supplier to simulate deliveries and adjust production to best suit your needs
2. An inventory monitor visualizies any changes in demand and enables your suppliers to immediately register when, which and how many parts need to be delivered
3. E-mail alerts inform all involved parties in case of defined thresholds being hit

Your benefits:

1. You reduce your inventory – and thereby required storage space and all associated costs.
2. Maximum transparency of inventory and requirements allows your suppliers to respond more quickly to fluctuations in demand and avoid bottleneck situations.
3. You help your suppliers to improve their delivery reliability and maximize your own security of supply.
4. You reduce the number of planning levels and thereby simplify day-to-day business for dispatchers.