Vendor Managed Inventory (VMI) is a business model where the buyer of a product provides information to a vendor of that product and the vendor takes full responsibility for maintaining an agreed inventory of the material, usually at the buyer's consumption location.
The goal of Vendor Managed Inventory is to provide a mutually beneficial relationship where both sides will be able to more smoothly and accurately control the availability and flow of goods.
One of the benefits of VMI is that we are responsible for supplying you when the items are needed. This removes the need to carry significant safety stock. Lower inventories can lead to significant cost savings! You also can benefit from reduced purchasing costs. Because we receive data and not purchase orders, the purchasing department has to spend less time on calculating and producing purchase orders! Cost saving can also be found in reduced warehouse costs.
Let us help by offering a VMI, adding one more way to help you supply your customers what they want, when they want it! Contact us today and we can start the process!