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.
Discover five effective inventory optimization solutions to enhance productivity, reduce costs, and deliver exceptional customer service.
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.
Move from vendor-managed inventory (VMI) to customer-managed inventory (CMI) and save big with electronic shelf labels that trigger replenishment.
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.
The success of your business hinges on having the supplies and inventory you need, exactly when you need them. Managing ...
It’s an uncomfortable fact – managing consigned inventory at a customer’s location can be challenging. Your customer may have great intentions, but, nevertheless, they don’t always treat your inventory as if it’s their own.
In theory, Vendor Managed Inventory (VMI) is a mutually beneficial system for optimizing inventory flows and reducing supply chain costs for vendors and their buyers. VMI refers to a supply chain system in which the vendor takes responsibility for the inventory instead of the buyer....
Some distributors still tell me that they are afraid to give their customers a mobile inventory app that would replenish supplies from ALL suppliers. They shouldn’t be.
M&L Electrical used to struggle with an ongoing problem of purchasing more material than was truly needed for each job. Learn how they reduced time spent on managing inventory by 98% and PO costs by 84% with TrackStock.
