With so much data on inventory collection we can help to makes the right sense of it. Our inventory management platform has standard reporting that helps you benchmark the success of your program. With the wealth of data being stored, this is a great opportunity to get deeper into it and gain better business results. Our system help you to better understand the data vale by specialized reporting. Many years of working with the user community has allowed us to understand the companies are utilizing this data for many purposes. With our system, our customer care group helps to organize that data and view this data with specific goals in a mind. With our system and advanced analytics, we help to analyze data and predict sales trend across many distributors, product groups and time periods.

What is Vendor Managed Inventory?

VMI is a supply chain methodology that allows a supplier to launch orders from their trading partners. The collaborative approach to inventory management and order fulfillments enables a supplier to take an active role to improve the performance of supply chain. It also combines the data from both trading partners and that leads to the accurate orders and less work force.

Benefits of VMI?

Following are the benefits of VMI. Improved inventory turns, improved service and increased sales (i.e., higher in-stock percentages),

How Does It Work?

Our EDI Datalliance receives data from retailer, distributor and end user called a product activity report. The report contains the information such as sales, product transfers and position of inventory (on hand, on order and in transit). Our EDI Datalliance VMI platform reviews the data and send a replenishment orders that are recommended. The supplier review that recommendation and then creates a purchase order and send it to the customer whether it is distributor, retailer or end user. Once the PO is approved, the order is shipped.

AN ADVANCED FORM OF SUPPLY CHAIN MANAGEMENT

Today, computers and mobile devices can access supply chain data in more ways than ever. Users can see data points like sales, demand, lead time, in-stock and on-order quantities at any point in the supply chain. Of course, this is a major advantage over previous methods of supply chain management. It is because of this data accessibility that distributors, manufacturers, and retailers see the benefits of sharing their information.

HOW CAN COLLABORATIVE REPLENISHMENT HELP YOU?

Collaborative replenishment increases in-stock rates for items, reduces day of sales (DOS) (i.e., increased turns), decreases spoilage and increases buyer productivity, and leverages existing data to increase sales and generate more revenues.

IS COLLABORATIVE REPLENISHMENT DIFFERENT FROM VMI?

We consider VMI to be a part of collaborative replenishment. VMI is just one way companies are working together to manage their replenishment needs. On the other hand, collaborative replenishment offers more choices by enabling orders to be launched by any trading partner, offering multiple routes to market, and utilizing various types of demand signals. In all, collaborative replenishment is a more flexible approach to supply chain management.

WHO'S DOING COLLABORATIVE REPLENISHMENT?

More than you think. Many of our EDI Datalliance’s current collaborative replenishment users began as vendor managed inventory customers. As our customer base has increased their locations, manufacturing facilities, and upgraded their data collection methods, they naturally added functionality that could handle their complex needs.