The use of VMI has gained acceptance in many industries. What was once thought of as an experiment, has now become the preferred way of doing business.
This newsletter keeps you informed on the increasing growth of Vendor Managed Inventory. The recent news articles and press releases found within explore the innovation that is becoming the standard throughout the business world.
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Datalliance announced that AGCO, a global leader in the design, manufacture and distribution of agricultural equipment, has recently launched a Vendor Managed Inventory (VMI) program for dealer-held service parts using the Datalliance VMI platform. AGCO already has over 150 dealer locations up and running on VMI, with that number expected to grow considerably over the coming year.
"Datalliance has been an excellent partner in helping launch our VMI program," said Joe DiPietro, AGCO Vice President of Parts. "They have adapted to our unique needs and have delivered on their promises. Their customer care group has extensive VMI experience and has been very prompt when we've needed assistance."
Spindle, Inc., (OTCQB: SPDL) ("Spindle"), a leading provider of mobile commerce solutions, announced that it has signed an agreement to offer its MeNetwork mobile marketing services to the cellular customers of OFFWIRE, a major national distributor of wireless systems and accessories. This agreement was negotiated through Spindle's distribution partner MMIT (Mobile Merchant Innovative Technologies), a communications solutions provider that serves wireless retail channels, whom Spindle engaged as a partner in October of 2013. The OFFWIRE deal will introduce thousands of new customers in the telecommunications arena to MeNetwork's merchant offering of location-based coupons, promotions, loyalty programs and sales content, in addition to Spindle's POS capabilities.
Legrand, a leading provider of electrical wiring devices and home systems, today announced that it will be implementing a Vendor Managed Inventory (VMI) program based on the Datalliance VMI service for its entire Pass & Seymour® product line numbering over 10,000 SKUs.
As a cloud-based solution, the Datalliance VMI service requires no installation or maintenance. The result is a seamless implementation without the added costs of onsite IT support staff or implementation delays.
SKF is offering a Vendor Managed Inventory (VMI) system from Datalliance to its distributors around the world. The system is designed to automatically maintain distributors’ inventory levels.
The rollout of the VMI system is part of SKF’s global Distributor Interconnectivity Programme (DIP), which sets out to achieve high service levels to end-customers, increase speed and quality in business communication through IT integration, and improve business forecasting accuracy.
Vartan Vartanian, President, SKF Industrial Market Regional Sales and Service said, “We aim to increase service levels to customers. VMI delivers significant benefits to all parties involved. For SKF, it means having better visibility to inventory levels so we can plan manufacturing and sales more effectively to meet future demand. For our end-customers, it means constantly being able to find the right SKF products in the right place, at the right time. And for our distributors, it means increased sales and improved customer loyalty.”
"One of ILSCO's strategic goals is to provide customers with best-in-class customer service to complement our industry-leading products," said Jim Kosciolek, Senior Vice President of Sales & Marketing). "We see our VMI program as an important aspect of that service for our key distributors."
"We selected Datalliance VMI as the platform for our program because they have extensive experience in our industry. Many of our customers are already familiar with the platform," added Gary Norris, Vice President of Distribution.
Falcon Metal Corporation, an industrial distributor of fasteners and other Class C production components used in high-volume manufacturing assembly, today announced it has officially changed its name to Falcon Fastening Solutions, Inc.
“Our new name better aligns with who we are as a company and removes confusion from our brand,” explains Don Nowak, President and Owner. “As we grow our business, relevancy and clear communication of value is critical to our success.”
Datalliance announced that Schaeffler Group North America, a leading global manufacturer of rolling bearings and linear products as well as high-precision components and systems for the automotive industry, has selected Datalliance VMI as the platform for the launch of the company's Vendor Managed Inventory (VMI) program for the industrial aftermarket.
"We see VMI as an important and growing business practice in the industrial aftermarket," said David Zoesch, Schaeffler Group North America Director of National Accounts. "In addition to helping improve availability and reduce inventory management costs for our distributor partners, the VMI process provides demand visibility that will enable us to streamline our supply chain and work more closely with those partners to build mutual sales. We selected Datalliance VMI as the platform for our program because they have extensive experience in our industry. Since a number of other suppliers in our market use Datalliance VMI, many of our customers are already familiar with the platform."
Ecommerce solutions have to provide bottom-line results that coincide with the company’s business strategy. Customers have made it clear that they need savings and solutions provided from their suppliers to make their business processes efficient. If these value-added services are offered they are more willing to shop with them and not their competitors.
A valuable solution that distributors can offer their customers is the use of automated vending machines and tool cribs. This solution has been successful in creating benefits for both the distributor and the customer. According to Ralph Rio, research director for the supply chain consulting firm ARC Advisory Group, this is an area that can yield to successful growth for the distributors. Ralph Rio estimates that less than one percent of the available market is using automated dispensing solutions.
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