Top 3 reasons Vendor Managed Inventory benefits operations
For your company to perform at its peak, you need everything to work together seamlessly. This includes your inventory and inventory supply chain. Too little or too much inventory can be detrimental to your operations. Too few parts will hinder your ability to build products and fill orders; too much inventory creates more opportunity for damaged material and takes up warehouse space. Vendor Managed Inventory (VMI) is a supply chain solution to help mitigate the risks associated with inventory levels.
When you partner with Kundinger as your inventory manager, we’ll visit your facility to check on inventory levels for any of your fluid power or automation products. We help facilitate inventory for everything from pneumatic fittings to HMI touchscreens. Then, we make sure the parts you need are organized where you need them when you need them. Vendor Managed Inventory is a business model that we’ve seen work successfully for many of our different customers, from paper converting equipment manufacturing facilities to municipal shops.
Here’s why it works:
Vendor Managed Inventory Improves Supply Chain Performance
Simply put, VMI is about having the right product at the right time. Our goal is to optimize the availability of your products and your space.
Our inventory management services include custom-tailored bin-filling programs that meet your requirements, including minimum/maximum specifications. To help you get organized and stay organized, we’ll produce the initial bin labels and handle label updates.
From there, we can schedule your orders to arrive when and where you need them – to your dock, to stock or right to your assembly line
Simplified Purchasing
VMI shifts the responsibility of planning and replenishing inventory to vendors. It is a way to reduce in-house costs associated with inventory ordering, because we know managing inventory is a big job, especially in a flexible manufacturing environment.
Production schedules can change without much notice, but you can count on Kundinger to make sure your inventory levels are right on. Let us simplify the purchasing process for you:
- We’ll eliminate excess inventory taking up space and not adding value to your process.
- We’ll get you what you need when you need it so you’re not waiting around on parts necessary to run a job.
Enhanced Partnership
VMI is very collaborative. As your partner in this process, we will work closely with you to understand your operational needs and how we can add value to your operations. VMI isn’t one-size-fits-all, so we are flexible in how we serve you – your needs will determine our involvement.
From experience, we’ve seen this process enhance our partnerships with our customers. That’s because it gives us, as a distributor, a better understanding of your customers, their needs and ultimately your end-goal in serving them. We’re always focused on providing the best service possible and VMI is an opportunity for us to take customer service to a whole new level.
VMI is just one of the many ways Kundinger can help you optimize operations. To learn more about VMI opportunities, give us a call at 800-242-4811 or email us at sales@kundinger.com.