Industrial Vending Machines transforming VMI in MRO sector

Vendor Managed Inventory in Pharma Yet to Take Off

Suppliers of core raw materials like active ingredients are still reluctant to adopt VMI, due to low volume. However, many pharma companies have adopted VMI to manage non-critical raw materials such as packaging materials

Signing a VMI Contract? Here is the checklist

Signing a VMI Contract? Here is the checklist.

Inventory Count and Control Technique

Major retail and clothing companies adopt perpetual counting in addition to cycle counting to gain better visibility across supply chain, while aiming to cut down out-of-stock time. Perpetual inventory technique also helps in modelling demand-supply analytics.

Industrial Vending Machines transforming VMI in MRO sector

Vendor Managed Inventory (VMI) has extended its scope to industrial vending machines (IVMs). IVMs have become the new favorites for MRO category managers across industries. IVMs can help reduce inventories and costs, improve supply chain efficiencies, and reduce administrative tasks around ordering, issuing and monitoring, and managing ordering levels.