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What is Vendor Managed Inventory? For many companies, a Vendor Managed Inventory program represents a better replenishment strategy. Vendor Managed Inventory (VMI) is exactly what the name suggests. A … read more

Are you a manufacturing company? If so, does your business depend on inventory to get by? If you answered yes to one or both questions you might be familiar with a two-bin system. A widely used invent … read more

If you’re considering vendor consolidation, you should consider that it is one of the easiest ways to control your supply chain. You are basically drastically reducing the number of vendors you … read more

Why Do You Need Inventory Management Software? Inventory management is a crucial part of your business and having a solid system in place to help you run business is as important as your inventory. I … read more

Non-Consigned Vendor Managed Inventory There are two types of VMI programs – Non-Consigned and Consigned. Both Non-Consigned and Consigned VMI programs offer customers a similar list of benefits … read more

If your business produces a finished good, then you may be familiar with the concept of production inventory. Simply put, production inventory is the amount of goods you have on hand to complete the m … read more

To keep things simple; inventory management is the management of inventory and stock. If your inventory is managed properly it will mean you always have the correct levels of stock on hand. This has … read more

Is inventory the backbone of success for your business? Do you have trouble forecasting demand and maintaining correct inventory levels yourself? Do you have difficulty dealing with too many supplier … read more

There are many ways that selecting the right Vendor Managed Inventory (VMI) partner can simplify your business and help you to start saving time, money, and improve your bottom line. Let’s break … read more

So, what exactly is Consigned Vendor Inventory Management? Let’s break it down into two parts – Consigned Inventory and Vendor Managed Inventory. Consigned Inventory is inventory that is s … read more

Vendor Managed Inventory, or VMI, is an inventory replenishment strategy in which the supplier monitors and may even physically replenish the customer's stock. When you form a VMI relationship with a … read more

In your business, you have a multitude of buy-sell relationships. Wouldn’t having a partner be more efficient and beneficial? With a Vendor Managed Inventory (VMI) program, you can have just tha … read more