Vendor Managed Inventory (VMI) optimizes supply chain performance by providing the manufacturer with better information and control for the replenishment of suppliers' inventory levels. The manufacturer accesses the suppliers' inventory data and generates purchase orders based on depleted inventory. The replenishment plan is incorporated into the forecast to drive operations and production. The powerful features of this solution include the ability to:
Through improved visibility, manufacturers can anticipate the need for an item prior to the order. Visibility offers the manufacturer more flexibility to make, store, and deliver the right product to the right location at a lower cost.