Why Would I Let a Supplier Manage My Inventory?
Why You, As a Distributor, Will Like VMI:
As a distributor, why would you want a supplier involved in managing your inventory? Why would you want to allow a supplier to maintain something as important to your business as having the right inventory on hand? Here are three good reasons:
- Improved Inventory Management
- Reduced Administrative Costs
- Stronger Supplier Relationships
“VMI helps us better manage our fast moving, high volume items which account for approximately 75-80% of total inventory. For our lower demand or slower moving items, VMI has helped reduce our inventory to levels that still support demand, but minimize our inventory investment.”
Joe Hart
Director of eCommerce
Kirby Risk