Plastic Extrusion Vendor-Managed Inventory
Vendor-Managed Inventory - Automated inventory reports are key to the success of our VMI program. The reports are sent bi-weekly via email to everyone on the distribution list as needed. The reports include current PO status, on hand inventory and ship dates.
Vendor-managed inventory (VMI) is a family of business models in which the buyer of a product (business) provides certain information to a vendor (supply chain) supplier of that product and the supplier takes full responsibility for maintaining an agreed inventory of the material. As a symbiotic relationship, VMI makes it less likely that a business will unintentionally become out of stock of a good and reduces inventory in the supply chain. Drop shipping straight to different locations of multiple private labeled products is also a function of VMI.