Vendor Managed Inventory - VMI
Reduce Inventory Fulfillment with Vendor Managed Inventory (VMI)
VMI can be configured to allow you to broadcast your current inventory levels using traditional EDI methodologies, or using web-based functionality that is a standard feature of the iSC module. VMI can be automatically updated with inventory information in an unattended, predefined, scheduled environment, using the Scheduler. Inventory data can be updated real-time with data collection functionality for timely visibility. The supplier can view the inventory levels on line, with color-coded alerts, to help identify if there are potential overages or shortages
Using the VMI module, the buyer and supplier work together to establish realistic goals for managing inventories and scheduling shipments. During the initial setup phase, the buyer and supplier agree to acceptable inventory minimum and maximum thresholds for each buyer inventory location. Some of the benefits realized include more efficient production scheduling for the supplier, and better labor scheduling at the receiving dock for the buyer.
Vendor Managed Inventory for Lean Manufacturing
Broadcast Material Releases with forecast information
Supplier monitors buyers min/max inventory levels on-line
Supplier ships product and notifies buyer via online shipper entry
Shipping and Advanced Shipment Notification
On-line shipper entry forms created from original customer demand
Buyer and supplier view same shipping data
On-line shipping history report
Complete Supplier Item Profile
Inventory Profile can be defined to the ship-to/item level
Minimum/maximum on hand quantities
Minimum/maximum alert threshold settings
Supplier defined in-transit and inventory coverage hours
Optional supplier defined ship schedules and delivery time-fences
Buyer defined Inventory Status updates
Extensive Online Inventory Reporting
Current Inventory status by item or item range
Daily/Weekly/Monthly Buyer Inventory Consumption Reporting |
