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Vendor Managed Inventory (VMI) Solutions
Optimize supply chain relationships like never before
Having the right products in the right place at the right time is critical to the success of your brand. But keeping that promise is easier said than done. To deliver a competitive shopping experience, supply chain partners need to work together in new ways.
Vendor Managed Inventory (VMI) provides management tools that enable trading partners to easily share inventory data, creating a demand-driven supply chain. With VMI, you can accelerate order forecasting, optimize shipments, and improve inventory levels without causing the bullwhip effect.
TrueCommerce's VMI solution can support any replenishment model and scale to any number of locations. Internal implementation reduces setup time and costs, resulting in faster ROI. At the same time, the cloud-based inventory software managed by the provider ensures that ongoing costs remain predictable and affordable. That's why we're trusted by more than 20,000 locations, we manage over 25 million SKUs (sKUs) and generate $50 billion in sales.
How it works
Vendor Managed Inventory enables suppliers, dealers and buyers to share inventory data in real time, e.g. available, ordered and sold products. The software solution processes this data together with your individual inventory setting for each partner or location. Recommended reorders are then created to reduce lead time and optimize on-shelf availability.
Benefits of TrueCommerce's VMI solutions
By sharing inventory, VMI helps increase visibility and trust with suppliers, retailers, distributors, wholesalers and 3PLs. In a study of 156 distributor locations using VMI software, the participant results were:
Rapid VMI System Implementation
TrueCommerce VMI is a full-featured inventory management system implemented and supported by one of our teams. This makes it possible to ensure that our customers are up and running quickly.
- A proven, documented approach enables fast and efficient onboarding
- With configurable application features, you can adapt the VMI system to the needs of your business
- Implementation support reduces your IT burden and simplifies supply chain management
- With ongoing support, you can easily integrate new trading partners into your VMI program
VMI Solution Security and Support
Protecting your data - and your customers' data - is critical to maintaining strong trading relationships. TrueCommerce's VMI platform provides security and support:
- SOC 2 compliant Tier 3+ data centers with full redundancy
- Service availability of over 99% uptime
- Encryption at rest, as well as data retention and disaster recovery
- Expert support and service from the TrueCommerce VMI customer care team
VMI Software Features
- Advanced Demand Forecasting
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Choose from three ways to process demand information and create accurate, flexible inventory forecasts:
- External demand signals
- sales profiler
- future predictions
Demand forecasting models
for the future with retailer data - Automated Planner
- Automated orders based on real-time demand data.
- VMI Data Cubes
- Collect inventory system data from backorders and integrate with PowerBI and other analytics platforms.
- Item Stratification
- Easily create inventory rules based on an item's importance, profitability, or requisition requirements.
- Available to Promise/Allocation
- Optimize inventory levels across all locations to maximize performance even when product availability is low.
- Phase-In/Phase-Out
- Automatically manage products that temporarily or permanently replace other items.
- Truck Building
- Increase the filling rate of your transport vehicle to reduce your company's carbon footprint, shipping costs and total number of shipments.
- Alternate Ship-From
- Also ship orders from a secondary location based on order sizes or special conditions.
Optimize supply chain relationships like never before
