Inventory control provides the following
Improves working capital by reducing excess inventory
Improves productivity by ensuring a minimum stock level is maintained
Facilitates regular and timely supply to customers through adequate stocks of finished products.
Same time every time, protects against variations in raw materials delivery time.
Facilitates production scheduling, avoids shortage of materials and duplicate ordering.
Enables you to take advantage of price fluctuations through economic lot buying when prices are low.
Vendor Managed Inventory
- Improved cash flow
- Increased inventory turns
- Reduced quality inspections
- Fixed competitive pricing
- Dedicated VMI Program Managers
- Detailed reporting status
- Requirements & obsolescence monitoring
- Enhanced operational efficiency
- Maintain required bin quantities
- Release frequency maintenance
Benefits of Vendor Managed Inventory
1
Greatly reduce the number of purchasing transactions
2
Reduce Inventory
3
Reduce number of suppliers
4
Reduce your supply lead times
5
Contain prices
6
Reduce costs
7
Monthly summary invoice
8
Zero stock-outs (right part, place, time & price)
9
Simple process to implement & execute
10
Supports lean office & manufacturing plans
11
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