Coordinate consumption and replenishment for improved service with lower inventory
“We knew we needed to find a way to deliver more value to our customers and trading partners while reducing inventory and operations costs. We’ve chosen One Network because of its unique and highly innovative technology.”Tobias Jendrell, Global Director, Materials & Logistics, DanaThe Real Time Value Network’s™ VMI/ Consignment service means a successful and well-executed VMI program. By coordinating consumption and replenishment cycles, it assures a high level of product availability while maintaining inventory levels far below the industry average.
It provides real time visibility of inventory and orders (including inventory in-transit) at all or some of your sites, including 3PL hubs, suppliers, and stores. Furthermore, it automatically generates alerts when inventory violations occur against replenishment policies. The result is a VMI or consignment program that enables true consumption-based replenishment in an environment where all trading partners can easily connect and coordinate with each other.
Vendor Managed Inventory at a Glance
- Real time visibility of inventory and orders
- Planning and execution processes synchronized across all trading partners and tiers
- High level of product availability with minimal inventory levels
Intelligent Demand Resources
- On-Demand Webinar: Demand Sensing Revolution
An inside look at how a major consumer products company is using demand sensing at one of the world's biggest retailers. Click here to watch it now...
- White Paper: Demand Sensing
How to use a highly accurate forecast of near-term demand to drive up perfect orders while using much less inventory.
- White Paper: Is Your Supply Network Really Shelf-Connected?
A handy "Shelf-Connected" Checklist, and a white paper explaining a powerful, new approach to forecasting, replenishment, collaboration, and S&OP
- Solution: Intelligent Demand
Intelligent Demand helps customers create a highly accurate estimation of future customer orders, resulting in the achievement of 30-45% reduction in days of supply inventory and greater than 99% store in stocks.