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VMI

Supply Chain Collaboration & VMI to Get Ahead of Economic Challenges

Manufacturers are experiencing continued inflationary pressures threatening customer service and profit margins with record-breaking price increases and lack of material availability.  To add fuel to the fire, they are also starting to worry about preparing for a potential recession.

Let’s Manage Inventory for Our Customers

Amazon is propelling this age-old topic into a new realm. Since the CEO of the Ontario Airport Authority used the phrase “last mile” has become “last minute” on a panel I facilitated last year, I have shamelessly reapplied his brillant quote. If customers don’t even know what they want, [...]

Vendor Managed Inventory (VMI) – Success Depends on People

As with almost every topic our clients call about, Vendor Managed Inventory or VMI and supply chain partner collaboration programs are no different. Success directly correlates to people. Questions You Should Ask When Coordinating VMI Do your employees and partners understand VMI and the benefits of VMI? Undoubtedly, success is [...]

VMI – Supply Chain Collaboration on Steroids

Collaboration is at the center of successful working relationships with your supply chain partners. Supply chain collaboration is in vogue. Customers have figured out that if suppliers have access to more information on what they need and what is important to them that they'll typically do a better job [...]

VMI – What are the Benefits?

Vendor Managed Inventory is gaining in popularity as people realize the many benefits of supply chain collaboration. Vendor managed inventory can have many benefits - both from a strategic perspective and a tactical one. We are seeing that it is gaining in popularity as manufacturers and distributors and retail [...]

VMI – Success Directly Correlates to People

As with almost every topic our clients call about, VMI and supply chain partner collaboration programs are no different. Success directly correlates to people. What should you be thinking about when it comes to VMI and people? Do your employees and partners understand VMI and the benefits of VMI? [...]

VMI – Do You Need Software?

A Vendor Managed Inventory (VMI) initiative will improve services levels and may not require supporting software. Vendor Managed Inventory (VMI) - do you need software? Of course, the answer is "It depends". A few items to think about to determine if you need software to support a VMI initiative: [...]

Collaboration Rules

Collaborating with customers, suppliers and partners is a win-win-win for all involved. Feedback is immediate and innovation is an outcome that helps business flourish. Collaboration is pivotal to success for manufacturers and distributors. Supply chains are connected to a larger degree than ever before.  Global is commonplace.  Customers and [...]

Is Your Supply Chain Ready for Growth?

Vendor Managed Inventory (VMI) offers companies a chance to partner with customers to better manage inventory and costs. Once the partnership proves fruitful, expanded business opportunities occur.I recently participated as a panelist with Michael DeCata, CEO of Lawson Products, for Industrial Distribution magazine's VMI (vendor managed inventory) webinar. Although [...]

Customer Collaboration on Orders = RESULTS

Working in partnership with your customers delivers winning results on both ends. Customer collaboration has become cornerstone to success in today’s supply chain driven world. We are all part of a supply chain, and so we must look for ways to thrive within our supply chains. Undoubtedly, those who [...]

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