
How Can Vendor Managed Inventory Help My Business?

VMI presents excellent opportunities to establish lasting mutually beneficial relationships between customers and suppliers and paves the way for dramatically increasing sales and securing new clients.
Having visibility over client inventory and future demand is a significant advantage in being able to provide superior customer service while lowering inventory costs.
Quick and easy start-up - The typical SCP implementation only takes two weeks. Many prospective customers are skeptical of this implementation duration, until they speak with existing clients or experience it firsthand. In most cases, our integration functionality minimizes the time needed from local IT resources, allowing us to integrate quickly with existing ERP/WMS systems and other data sources. This SCP feature also minimizes ongoing technical maintenance for business users, automating many of the manual tasks found in other products.
Some VMI benefits
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Shorter lead times - Sharing information means knowing what your customers need in advance, allowing you to plan accordingly and deliver promptly
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Reduced inventory
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Having a future view into clients’ needs allows you adequate time to plan for what is needed and move towards a ‘just in time’ business model
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Reduce obsolescence - less likelihood of holding on to excess stock that could become obsolete
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Less inventory, less money tied up in the warehouse
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Increased sales
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Having the ability to offer VMI to potential customers is a huge benefit and service offering
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Companies offering VMI are better able to manage their ordering and customer delivery – increasing service levels
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Being able to offer shorter lead times and timely delivery help you stand apart from your competitors
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The system/software becomes a sales tool – show customers what you can do and provide proof that you manage an efficient business
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Some clients may insist on VMI
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More leveraged relationship for the supplier – Clients are less likely to look elsewhere because your service is exemplary
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