Key Capabilities of Vendor Managed Replenishment:
- Enables a rapid vendor managed inventory (VMI) implementation
- Validates and creates purchase orders
- Advances the collaborative process through electronic data interchange (EDI) enablement
- Functionaly rich and highly scalable replenishment solution
Vendor Managed Replenishment (VMR) supports active collaboration that goes above and beyond standard supplier and wholesaler support requirements. From communications, negotiations and other key elements of Collaborative Planning, Forecasting and Replenishment (CPFR), VMR enables vendors to execute forecasting and replenishment based on a retailer’s point-of-sale data, while building optimum orders for distribution centers (DCs) and stores.
Vendor Managed Replenishment presents the information needed by inventory analysts so that they can take advantage of the best offers, manage exceptions, monitor promotions and perform additional buying and merchandising services for their customers. Inventory won’t lie silently and expensively in a warehouse, stock room or on a loading dock. Valuable inventory ends up in the right place at the right time, in the right quantity.
