All about Vendor Managed Inventory Programs

Vendor Managed Inventory (VMI) programs are often used in coordination with Just-In-Time Delivery initiatives and Direct Store Delivery. A vendor managed inventory program can reduce inventory costs and risks. So, not all enterprise software systems set-up to deal with VMI. A VMI program involves a supplier, a customer, consigned goods and non-consigned goods and both customer-side and supplier-side ERP, logistics, WMS and supply chain systems often need integration in order to function properly. For VMI being effective, information needs to be as fresh. Information based on bar-code scanning and mobile devices is therefore important for any businesses that rely on VMI. Read more at: http://it.toolbox.com/blogs/integrate-my-jde/integrating-systems-to-support-vendor-managed-inventory-70946