Vendor Management Inventory
Optimize stocks rolling out VMI
VMI technology stands for “Vendor Managed Inventory”.
VMI systems are part of the ECR (Efficient Consumer Response) initiative to provide the end customer with the greatest value, best service and maximum variety of products. To this end, total supply and demand synchronization is needed throughout the supply chain by means of data interchanges among the parties involved in providing the customer service (Vendor/Supplier, Distributor, and Logistics Operator).
The information exchanged is subjected to mathematical analyses of varying complexity, allowing accurate demand forecasts to help process orders and ensure delivery of the right amount of product at the right time.
The EDICOM VMI solution applies a management model based on three essential components:
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