VMI Replenishment Features and Functions
Vendor managed inventory (VMI) replenishment allows the co-management of inventory by both customers as well as the supplier. Best practices allow for joint creation and analysis of the current level of inventory to support demand and keep cost down. In addition, dynamically VMI detects when inventory levels fall bellow required (agreed-to) levels and place a refill (replenishment) order.
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- Automatically generates replenishment order
- Evaluates and predicts consumption patterns and generates replenishment alerts and orders
- Sends alerts on automatic replenishment products that are discontinued
- Integrates customer inventory levels at warehouse or at store with POS data
- Views current data, such as quantity on hand
- Generates alerts for reorder points
- Calculates and optimizes safety stock, reorder points, and minimum/maximum levels
- Sets safety stock levels through outbound processes, allocate safety stock through to fine grain locations
- Optimize inbound pipeline safety stock levels, assembly levels, and locations--supplier through point of consumption
- Assesses and reevaluates safety stock level based on performance and fill rates
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Demand Management Features and Functions
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