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Monitor, replenish and optimize inventory with MaxQ’s Vendor Managed Inventory module. This MaxQ module provides suppliers with competitive advantage enabling consistent order processing, providing comprehensive data analysis, and the ability to offer customers a value added service.
Vendor Managed Inventory (VMI) allows suppliers to take ownership of inventory replenishment decisions for their customers. This is also known as Efficient Customer Response (ECR), Just-In-Time Distribution (JIT), or Quick Response.
Using our VMI module the process begins when Microsoft Dynamics SL receives the EDI 852 Product Data Activity transaction. This EDI document contains product usage and stock level details from the customer. Our module creates suggested replenishment orders and once approved by the user, notifies the customer of the new sales order via an EDI 855 Purchase Order Acknowledgment transaction. Once the shipment is processed, our module sends the EDI 856 Advance Ship Notice transaction to the customer per their requirements.
Additionally, this module supports consolidated invoices for customers that require one invoice for multiple orders.
"Vendor Managed Inventory (VMI)" is part of the Supply Chain Management Series line of products, developed by MaxQ Technologies.