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Vendor Managed Inventory: VMI Optimisation Software
Manhattan Associates’ Vendor Managed Inventory software provides trading partners access to inventory data and enables them to manage product shipments and improve in-stock performance. With automated processes for placing orders, receiving shipments, invoicing and bill payment based on shared, real-time inventory metrics, suppliers, wholesalers, and retailers can work together more effectively to optimise inventory levels and maximise return on investment.
Vendor Managed Inventory allows you to:
- Leverage real-time point-of-sale (POS) demand information to forecast future demand and plan production
- Overcome supply interruptions
- Reduce lead time and lead-time variability
- Adjust service-level objectives
- Utilise ordering minimums to optimise shipping costs
- Develop plans to minimise costs or disruptions in supply
- Detect shortfalls or overages to financial targets
Ultimately, suppliers receive earlier notice of upcoming demand to ease production planning. Wholesalers receive better information to improve service, operate with less inventory and increase margins. Retailers reduce inventory costs and stock-outs while increasing sales. And customers purchase what they want where and when they want it.
Powered by Manhattan’s Supply Chain Process Platform, our Vendor Managed Inventory software also helps monitor financial performance by alerting you when financial targets are missed. It provides performance reports indicating beginning and ending inventory at the manufacturer and distribution centre level, as well as inventory and sales reports for specific products and locations.
Contact a Manhattan representative today to learn more about how our Vendor Managed Inventory solution can optimise inventory operations for you and your trading partners.
