Vendor Managed Inventory
Coordinate Consumption and Replenishment for Improved Service with Lower Inventory
The 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.
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.
- Global Director, Materials & Logistics, Dana
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
Achieve 30-45% reduction in days of supply inventory and greater than 99% store in stocks. Intelligent Demand uses a single integrated forecast that is enhanced and updated daily based on consumer sales. Benefits include reduced inventory (cost and days of supply), increased on-shelf availability, increased sales, and lower transportation and labor costs.