Many managers hesitate to purchase a warehouse management system because they assume that once inventory is inside of a warehouse, it is both safe and worthless.
What’s that you say? You don’t think of your inventory as worthless? Are you sure? Because when you purchase inventory and then place it in your warehouse with no real tracking system in place, you are essentially saying that you don’t care what happens to it. Inventory can be lost, misplaced, or stolen. You can easily ship too many items to a customer or the wrong (more expensive) item. Continue reading
VMI stands for Vendor Managed Inventory. VMI systems are a hot topic in the supply distribution world right now. But what is VMI, and how does VMI work?
Quick Answer – What is VMI?
VMI stands for “vendor managed inventory” (also known as “customer managed inventory”). VMI is system that allows customers to quickly place a replenishment order for goods. Rather than making phone calls or ordering using a web form, the customer can use a barcode scanner to scan the items, enter a quantity, and then send the order (via Wifi or cll network) through the barcode scanner to their vendor.
Easy, right? Read on to find out more about how VMI works. Continue reading