Resources & Blog Posts

Jul 18, 2023

VMI vs. CMI: What to Know About Customer vs. Vendor Managed Inventory

The main differences between VMI and CMI come down to who performs the inventory monitoring and places the replenishment orders. One of the greatest similarities between VMI and CMI is that they both run best with the use of inventory management software. Read on to see which would work better in your stockroom. 

Jun 7, 2023

VMI: What Is Vendor Managed Inventory? Examples and Solutions

Vendor-managed inventory (VMI) is a physical products business model where suppliers take responsibility for managing their customers’ inventory levels. Curious about implementing VMI in your business? Learn the essentials of VMI, a few examples, and the steps needed to begin VMI. 

May 30, 2023

Inventory Turnover: What is It and How Is It Calculated?

One of the best strategies for strengthening your bottom line and boosting efficiency within your business is to take a closer look at inventory management data. As a whole, metrics like efficiency ratios can help businesses to assess their own performance in using assets effectively. One such efficiency ratio is the inventory turnover ratio. This important metric can help businesses to better understand and, if needed, shift their approach to inventory management.