Summer Newsletter 2010
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 vmi@vendormanagedinventory.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!
VMI Articles
Streamline with VMI
Stacey Pandeloglou - The Electrical Distributor (TED) Magazine
Kirby Risk of Lafayette, Ind., finds efficiencies and productivity increases with VMI implementation; VMI is a key component of its overall supply chain strategy.
http://www.tedmag.com/rooms.aspx?id=3140&blogid=227
VMI on the Rise in Plumbing Industry - Reasons to let a Supplier Manage Your Inventory
The Wholesaler Magazine
As a wholesaler considering participating in a supplier’s Vendor Managed Inventory program, you might be asking yourself, “Why would I let a supplier manage my inventory?” It may seem counter-intuitive that you can improve inventory management and increase sales by allowing suppliers to maintain your inventory. But more and more wholesalers are doing just that with key suppliers. In fact, many wholesalers are now encouraging suppliers to include them in their VMI programs. Why? Because for you, the wholesaler, it results in increased sales, improved inventory turns, and reduced administrative costs.
http://www.thewholesaler.com/feb_10/vmi_feature.php
Vendor Managed Inventory Articles and eBook Downloads
Free PDF and eBook downloads of articles and books on Vendor Managed Inventory
http://www.pdfgeni.com/book/vendor-managed-inventory-pdf.html
Best Practices for Implementing Vendor Managed Inventory Programs
Written by Christine Cignoli, SearchManufacturingERP.com.
Learn the benefits of vendor-managed inventory (VMI). Find out how to get started with VMI implementation. Read how VMI reduces excess inventory.
http://searchmanufacturingerp.techtarget.com/news/1507492/Best-practices-for-implementing-vendor-managed-inventory-programs
When Vendors Manage Your Inventories, Is it a Win-Win?
The answer to this question is MAYBE YES or MAYBE NO; it all depends on what your healthcare organization’s operating philosophy is! It’s been my experience that many vendors do an excellent job of managing a healthcare organization’s forms, office supplies, sutures, stents, pacemakers, orthopedic inventories, etc. This can provide a value added service that is hassle-free, low cost (or no cost) and saves your hospital inventory dollars over the short and long term.
http://savingsbeyondprice.com/savingsblog/tag/vendor-managed-inventory/
Who benefits Most from VMI in bulk chemical & fuel distribution..?
With operational & logistic savings, improved production scheduling, as well as benefits in sales, purchasing and administration, is it the corporation or the enviroment that gains the most from the use of Vendor Managed Inventory (VMI)?
http://www.powelectrics.com/news/detail.asp?newsStory=who_benefits_mosts_from_vmi_in_bulk_chemical_fuel_distribution__128
Top Six Reasons to Buy Rather Than Build a Vendor Managed Inventory Solution
The issues that companies face when they decide to build a solution in house are numerous: Scarce development resources, project cost overruns, delivery delays, unexpected technical issues, long-term maintenance issues. For these reasons, you should consider purchasing hosted, flexible, "out-of-the-box" Vendor Managed Inventory and web-based solutions.
http://uktraineemanagementjobs.co.uk/883706-Top-Six-Reasons-to-Buy-Rather-Than-Build-an-Inventory-Management.html
10 steps to prepare your company for the return of business
Do you have a comprehensive list of critical spare replacement parts identified for each constraint and critical equipment? If not, it should be a high priority to develop them. Once you have them, make sure each of the critical spare parts has a specific parts plan identified and documented. Vendor-managed inventory, consignment, repair vs. replace and other strategies may be appropriate and cost-effective ways to mitigate risk and minimize cost.
http://www.reliableplant.com/Read/23986/10-steps-prepare-return-business
VMI Press Releases/News
Weldon Parts, Inc. Uses Datalliance Vendor Managed Inventory to Increase Sales and Improve Order Process Efficiency
MarketWire
Weldon Parts, Inc., a leading distributor of heavy duty truck parts in Oklahoma, Texas, Florida, Arkansas, and Missouri, has effectively partnered with Velvac, one of their key suppliers, to implement Datalliance Vendor Managed Inventory. Weldon has realized increased sales of Velvac products by 24% and has improved the efficiency of their order process by as much as 80% as a result of participating in Velvac's VMI program. The complete case study article can be viewed at http://www.datalliance.com/successstories.html.
http://www.marketwire.com/press-release/Weldon-Parts-Inc-Uses-Datalliance-Vendor-Managed-Inventory-Increase-Sales-Improve-Order-1115248.htm
Hubbell Vendor Managed Inventory (VMI) Program Wins Progressive Manufacturing Award
Managing Automation's PM100 Awards Recognize 100 Top Projects That Have Achieved Distinction in Core Manufacturing Disciplines
Hubbell Inc., recently won the Progressive Manufacturing 100 (PM100) Award based on the success of Hubbell's Vendor Managed Inventory program. The PM100 awards recognize 100 projects that have achieved distinction in at least one of eight core disciplines defined by Managing Automation Media as critical to business success in the years ahead. Hubbell's VMI program was recognized in the "Customer Mastery" category.
http://www.marketwatch.com/story/hubbell-vendor-managed-inventory-vmi-program-wins-progressive-manufacturing-award-2010-04-09
Vendor Managed Inventory (VMI) Improves Planning and Reduces Lead Times at Cooper Power Systems
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