Ever have a Vendor Managed Inventory (VMI) program that delivered mediocre results or completely failed? It's time consuming enough to make supplier decisions only to find out the expected results...
While Vendor Managed Inventory (VMI) was developed to provide value by reducing inventory, ensuring optimal production efficiency and freeing up company labor, poor VMI design and implementation often sabotages those efforts.
Proper design and deployment of a VMI program guaranteed to deliver quantified results entails more than simply asking a typical distributor to stock your shelves. It is vital that the distributor has a comprehensive understanding of lean manufacturing and supply chain management.
This White paper introduces ten critical areas to examine when evaluating a VMI program.