Tag Archive: vendor managed inventory

VMI – Do You Need Software?

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Vendor Managed Inventory (VMI) – do you need software? Of course, the answer is “It depends.” A few items to think about to determine if you need software to support a VMI initiative: Are you interested in doing VMI with your suppliers, customers or both?For suppliers, the focus is on the transfer of data. For customers, you’ll need to create orders and transfer data at a minimum. How many suppliers and/or customers and customer locations do you plan to pursue with VMI? If there are few, manual will work just fine. We have achieved vast success with aerospace clients using…
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VMI – Supply Chain Collaboration on Steroids

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Supply chain collaboration is in vogue. Customers have figured out that if suppliers have access to more information on what they need and what is important to them that they’ll typically do a better job of meeting those needs. Suppliers have figured out that the more they understand customers, the more likely they’ll be able to delight them while minimizing spending. And this type of thinking carries over to your suppliers’ suppliers and customers’ customers and all supply chain parties in-between such as transportation and logistics partners, trusted advisers and more. So, what are some of the ways supply chain…
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VMI – What are the Benefits?

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Vendor managed inventory can have many benefits – both from a strategic perspective and a tactical one. We are seeing that it is gaining in popularity as manufacturers and distributors and retail locations see the value of collaborating with supply chain partners to drive dramatic benefit across the supply chain. Several of the top benefits include the following: 1. Increased revenue – By partnering with customers on VMI and customer collaboration programs, you become a trusted and value-added partner. As new business opportunities arise, we’ve found that those who offer VMI typically have an advantage. First, the customer knows they will have…
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The L.A. Times & Automation

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I toured the Los Angeles Times last week and was impressed with the automation. Although newspapers seems like an old business, it was impressive in pure size and volume with minimal people. The business sprawls 2400 acres and is run with 200 people. There were robots to move huge rolls of paper through the facility. There was automated equipment that brought the papers from the machine to the next room over where it was compiled into stacks. We were fortunate to go inside a paper machine and see just how fast the paper ran by (although the example below was…
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