Vendor Managed Inventory (VMI) is a streamlined approach to inventory management and order fulfillment. VMI involves collaboration between suppliers and their customers (e.g. distributor, retailer, OEM, or product end user) which changes the traditional ordering process.
Instead of sending purchase orders, customers electronically send daily demand information to the supplier. The supplier generates replenishment orders for the customer based on this demand information. The process is guided by mutually agreed upon objectives for the customer's inventory levels, fill rates, and transaction costs.
The goal of VMI is to align business objectives and streamline supply chain operations for both suppliers and their customers. The business value is a direct result of increased information flow:
- Improved Inventory Turns
- Improved Service
- Increased Sales
- Online Invocing
- Online Stock Count
What is Bar Code (Thailand) LTD will empowring your VMI bussiness WMSOneTM Vendor Managment Inventory Module is the powerful solution to help you and your team to monitoring batch or online stock at the outlet/customer outlet and the system caability to interface to clould computing system meaning that the managment can monitoring stock every where in the work just only one click for more information on VMI Solution contact our experties team now.