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Vendor Managed Inventory – A Tailor-made Service
2013/12/19

The brand 1stmro is managed by NOUSUN for engaging in the business of selling, importing, storing and delivering MRO (Maintenance, Repair and Operation) parts to all kinds of advanced manufacturing industries. Vendor Managed Inventory (VMI) is a tailor-made service for the customers to consign a professional company to manage all spare parts, worn parts and consumables. It’s a completely new concept to reduce the manufacturers’ costs and to focus on her core competencies.

What’s VMI

Vendor Managed Inventory (VMI) is an inventory operation method, belonging to supply chain management. The inventory is supplemented in accordance with the demand actually occurred and forecasted. VMI can enable suppliers more effectively plan and fast react based on any inventory change, meanwhile can make manufacturers downsize their own inventory and reduce costs accordingly.

 

The advantages of VMI

VMI is an inventory management and cost control strategy. Suppliers directly control and manage enterprises’ inventory and enterprises assist suppliers to make out inventory plan and realize zero inventory to further reduce inventory costs. A professional VMI supplier can support enterprise to focus on her core business and eventually win the competition in the globalized market.

 

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