Tag Archive: VMI

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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Collaboration Rules

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Collaboration is pivotal to success for manufacturers and distributors. Supply chains are connected to a larger degree than ever before.  Global is commonplace.  Customers and manufacturers talk frequently.  Suppliers collaborate with manufacturers on developing new products.  Collaborative planning, forecasting and VMI programs are commonplace.  In many industries such as aerospace and distribution, they are a “must”.  Consumers have gained a more powerful voice with social media.  Feedback is immediate.  The bottom line is that collaboration has evolved from a fluffy concept to a vital and pragmatic one. Certainly, collaboration arises on a daily basis in my consulting practice.  More and…
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