Topic: Consignment

Efficient min/max inventory management tools can tell distributors exactly how much consignment inventory you should have onsite at your customer. Or these tools could tell your customers exactly how much they should be buying from you based on current usage...

eTurns TrackStock has many features that can help distributors and their customers replenish point-of-use inventory more efficiently. 

As a smart distributor, you aren’t avoiding consignment. You’re using it as a strategic leg up. With solutions like eTurns TrackStock, you eliminate unnecessary inventory, cut carrying costs, and provide your clients with unprecedented service and reliability.

Effective inventory management is the backbone of any successful distribution company. It involves more than keeping stock in a warehouse; it’s about having the right items in the right quantities at the right locations.

Consigned inventory has the potential to be a very profitable investment. The benefits of consignment inventory include convenient, reliable goods for customers and steady profits for distributors. Below, we discuss consignment inventory best practices and common mistakes....

A vendor-managed inventory app is used by an industrial or medical distributor to facilitate the VMI process of replenishing onsite inventory at the customers' point-of-use location (where the customer uses the inventory in the course of conducting their operations, as opposed to selling the inventory). VMI apps help distributors and customers share inventory data seamlessly and make replenishment decisions collaboratively. Learn about important features of a VMI app here. 

Read on to learn about the benefits and drawbacks of industrial vending machines and discover a more cost-effective solution. 

A renewed push toward cost savings is blurring the line between VMI and CMI for many suppliers. With advancements in technology, CMI apps have emerged as a game-changer for suppliers looking for remote inventory management solutions for their customers. Explore what remote inventory management is and learn three valuable tips for effectively implementing it.

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.