The Benefits of Shared Supply Management

 

The Benefits of Shared Supply Management

Begun in the 1990s, stock replenishment software , also known as Vendor Management Inventory (VMI), is widely practiced when dealing with supply. It involves over half of supplied volumes in some product categories and 60% of industrial fast-moving consumer goods (FMCG).

Whatever the terminology used to qualify it—Supply Chain demand driven, consolidation and collaboration center, pooling, or demand-driven material requirements planning (DDMRP)— the success of such a system depends on two things: it must present clearly quantifiable benefits and enable those involved to ensure availability of products provided to end consumers.

VMI allows customer service rates to be improved. It reduces costs and offers optimized steering, while also increasing sales volumes and the quality of client–vendor relations.

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