Vendor-Managed Inventory
Vendor-Managed Inventory (VMI) is the ability to predict what your customers need before they need it. As the supplier, you have an outsider's perspective. You can help them make smarter decisions that will help increase their inventory turns, as well as your sales.
Track the numbers of products shipped to distributors and retail outlets for automatic replenishment when supplies run low. Send goods when they're needed and lower inventory at the distribution center or retail store. Reduce your assets and run your business with less working capital.
Managing Your Customer's Inventory
Demand Solutions encompasses two of the most widely used VMI products in the world.
Demand Solutions Retail Planning is specifically designed to track millions of SKUs in thousands of locations. This allows vendors to high-volume retailers—such as Wal-Mart—to quickly identify accelerated sell-throughs, optimize store assortments and easily react to market or regional changes.
Demand Solutions Requirements Planning establishes a manufacturing and distribution network for the production of hard goods and consumer goods. It can help you place inventory exactly where you need it…when you need it…to maximize customer service.