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
A handy “Shelf-Connected” Checklist, and a white paper explaining a powerful, new approach to forecasting, replenishment, collaboration, and S&OP.
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