9 Reasons You Need a Vendor Managed Inventory System

Posted by Craig Zoberis

Feb 3, 2017 6:22:53 PM

Read Time: 3 Minutes 

Your inventory is the backbone of your business, and not having components and finished goods at the correct place and time can put your manufacturing company at risk. Yet, many OEMs don’t manage their inventory in the most cost efficient way possible.

Fortunately, there’s an easy fix for making sure your inventory doesn’t arrive too late (or too early) to your factory floor: a vendor managed inventory (VMI) strategy. VMI reduces your storage and downtime costs by receiving parts exactly (and only) when they are needed.

Here are 9 reasons your OEM needs a VMI system:

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Topics: VMI

9 Benefits of a Vendor Managed Inventory System

Posted by Craig Zoberis

Mar 18, 2016 6:42:13 PM

Read Time: 3 Minutes

Your inventory is the backbone of your business. Not having components and finished goods at the correct place and time puts your OEM company at risk. Yet, many OEMs don’t manage their inventory in the most cost efficient way possible. Fortunately, there’s an easy fix for making sure your inventory doesn’t arrive too late (or too early) to your factory floor: a vendor managed inventory (VMI) strategy. VMI reduces your storage and downtime costs by receiving parts exactly (and only) when they are needed. How does a VMI benefit your OEM’s bottom line? Here are 9 ways:

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Topics: VMI, contract manufacturing

3 Critical Benefits: How VMI Systems Cut Your OEM Manufacturing Costs

Posted by Craig Zoberis

Jun 10, 2014 4:22:00 PM

Are you currently grappling with the following contract manufacturing supply-chain problems?

  • A downturn in sales due to parts shortages or poor supplier delivery times
  • Excess or obsolete inventory sitting on your warehouse shelves
  • Inventory turns of 10 or less for essential product parts

Many companies like yours struggle with these issues due to globalization matched with an expansive economic downturn. This collective struggle on behalf of the supply-chain community has given way to a renewed interest in vendor-managed inventory (VMI).

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Topics: contract manufacturer, VMI, oem, vmi services, vendor managed inventory, original equipment manufacturer, vmi solutions, contract manufacturing