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.
As always, we welcome input on topics for future editions of this newsletter. Please feel free to contact us at email@example.com with your ideas and suggestions. If you would like to advertise in VendorManagedInventory.com or in the next edition of this newsletter please click here. We hope you enjoy the newsletter!
The Electrical Distributor (TED) Magazine
Four electrical distributors find that Vendor Managed Inventory (VMI) is the answer to their replenishment needs.
Based on the survey findings, Gartner predicts that the remainder of 2009 will see retailers significantly pulling back on all new project launches in the supply chain areas, except for vendor managed inventory (VMI), the uptake of which is being driven by cost containment strategies.
A well-run vendor-managed inventory (VMI) program could allow your business to speed up its cash flow by more closely matching your cash outlay for inventory with your cash inflows from sales and other income-generating activities ...
Logistics Viewpoints Website
Finally, logistics programs can help a company grow its revenues and stand out from the competition. Take vendor managed inventory (VMI) as an example. If a company can create a standard VMI program, with consistent processes across multiple customers, it can execute VMI in a cost-efficient manner.
Vendor Managed Inventory Initiative to Deliver More Value to Customers, Optimize Supply Chain Efficiency and Grow Market Share "We have identified our Vendor Managed Inventory program as a key strategy to help us deliver more value to our distributor customers," said Tom Wells, Director of National Sales, Gates Corporation. "Gates has always placed a high priority on continuously improving the speed and efficiency of our supply chain. VMI provides us with the technology and business process to accomplish these objectives, and, in the end, will help us grow our market share."
Companies must forge collaborative relationships with upstream and downstream trading partners that are process-based and focused on creating joint value. Johnson & Johnson Health Care Systems and ROi, the supply chain division of Sisters of Mercy, are a good example. Their vendor-managed inventory (VMI) pilot confirmed that supply chain partners can drive meaningful value and take costs out of both organizations, not just shift them across the supply chain.
Paragon Electronic Components has recently announced further enhancements to its Vendor Managed Inventory (VMI) warehousing solution as part of its range of Total Component Management (TCM) supply chain management offering.
Retail Supply & Demand Chain
Asking your client to do VMI could be a worthwhile feather in your cap. For years VMI has been seen as a hard to obtain, hard to setup, very expensive undertaking – those days are gone. In a Retail market which is not doing much, forward thinking retailers and vendors are looking for ways to improve their bottom line and that means refining processes to bring about greater efficiencies. Is VMI something your company is looking at? If not, what are you doing to improve your efficiency and value proposition?
"We selected Datalliance, because of their VMI expertise and experience working with wholesalers in the plumbing industry," stated Randy Lambert, VP Logistics, Watts Water Technology. "Their focus on VMI and their dedicated implementation and customer support resources was important to us. They will be able to help us and our customers through the implementation process in the shortest and most efficient manner. Datalliance's ability to adapt VMI to achieve our specific business objectives was also a critical element in our decision process."
Datalliance VMI received the highest cumulative rating of all solution providers on “business” factors related to VMI, like speed to value, support and implementation, customer reference strength and industry-specific differentiators. Datalliance VMI also received the highest rating for user interface and experience, along with connectivity and visibility.
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