Vol 1, Issue 47
Sept. 2011
Vendor Managed Inventory- Do You Need It?
We've talked to many businesses about VMI who agree in theory that vendor managed inventory sounds like a good strategy for them, but they're not sure about adopting this process. If you answer "yes" to any of the questions below, you should find out more about vendor managed inventory. We can help you with the details and will contact your suppliers to work through the process if you'd like.
Do you place regular orders in large volume for the same products/raw materials?
Is your warehouse space for raw materials limited?
Is your receipt of this product time sensitive, due to production time lines or perishable nature of product?
Is the source for this product unpredictable, forcing you to keep deeper safety stock on hand in your facility?
Are the products costly, impacting your cash flow?
Is your industry highly competitive on pricing, forcing you to look for all possible cost savings?
Call us. We'd be happy to talk about strategies that will benefit you and your suppliers.