Software for Vendor Managed Inventory
Vendor managed inventory software means a role reversal in warehouse management: the wholesaler transfers responsibility for its stock to its supplier and guarantees optimal delivery. This has advantages for both sides. REMIRA provides you with such VMI software.
Vendor Managed Inventory in practice
With VMI, you as a supplier take responsibility for your customers' inventories! This allows you to offer additional services and also gain an insight into your customers' requirements. You avoid excessive stock levels, out-of-stock situations and communication problems!
The division of labour along the supply chain is intended to optimize individual work processes, but access to information is often problematic for suppliers, among other things. Retailers, on the other hand, struggle with overstocks or out-of-stock situations. With VMI, the supplier takes responsibility for replenishment planning and stock levels in the retailer's warehouse. Delivery planning is based on actual demand. Instead of reacting to orders from the retailer, the supplier initiates, coordinates and manages deliveries independently.
REMIRA software provides an optimal overview of all data relevant to inventory management and forecasts changes in sales. The result: trading partners benefit from an improved flow of goods and avoid out-of-stock situations. Deliveries are always made at the ideal time. This is achieved by connecting the VMI software to the retailer's ERP system.
What are the benefits of VMI software?
The successful introduction of Vendor Managed Inventory leads to an improvement in economic conditions. Your supplier has a direct overview of all the retailer's data and key figures at all times. Misunderstandings due to manual, incorrect or duplicate data entries can be avoided in the first place.
Advantages for suppliers
- You have full transparency of your customers' stocks and sales.
- Stronger customer loyalty through optimal stocking
- Optimized performance along the supply chain
- Automated ordering process and scheduling, fewer manual errors
- Production and order quantities can be planned more flexibly and efficiently
- Improved service level
- You can also take special influences into account thanks to daily updated, detailed information and forecast-based stock simulations on parts movements and stock in the dealer's warehouse.
Advantages for the retailer
- No more out-of-stock situations
- Less effort for ordering and invoicing
- No unnecessary overstocking
- Misunderstandings in communication are eliminated
- Satisfied customers thanks to sufficient stock levels and adherence to delivery dates
- Lower capital and logistics costs
- Fewer administrative tasks
"We wanted to map the VMI process to the complete satisfaction of our customers and jointly tap efficiency potentials. The tool required for this should perform as little effort as possible with the highest flexibility. We have achieved this with REMIRA LOGOMATE." Rudolf Kaiser, Director of Global B2B Process Management at
viega
What are the requirements for introducing a VMI system?
Our solutions are easily docked onto your existing ERP system. To do this, we use our existing connectivity tools, which allow us to easily connect to your ERP via an interface. For example, if you use SAP ERP in-house, this can be implemented without the need for additional SAP partners.
Vendor Managed Inventory in the company
Vendor Managed Inventory is a concept for setting up an efficient supply chain. To do this, you need scheduling software that
- maps the many (virtual) warehouses of your customers,
- highly automated scheduling for your customers,
- automatically forwards the delivery items to the order system,
- logs and tracks the rolled goods.
Thanks to the comprehensive database and the use of inventory management software, you can manage your stocks even better than your customers. Excessive stock levels, out-of-stock situations or communication problems are ruled out with VMI, as you have access to all relevant customer data and can therefore plan your production and stock levels flexibly. Your customer benefits from high availability and low stock levels.
Are you interested in intelligent inventory management?
With our software for sales forecasting and procurement, you can ensure that your goods are always in the right place at the right time. We offer customized solutions that are tailored to your needs. Find out more about our software solutions now.