Consigned inventory has the potential to be a very profitable investment. The benefits of consignment inventory include convenient, reliable goods for customers and steady profits for distributors. Below, we discuss consignment inventory best practices and common mistakes....
A vendor-managed inventory app is used by an industrial or medical distributor to facilitate the VMI process of replenishing onsite inventory at the customers' point-of-use location (where the customer uses the inventory in the course of conducting their operations, as opposed to selling the inventory). VMI apps help distributors and customers share inventory data seamlessly and make replenishment decisions collaboratively. Learn about important features of a VMI app here.
Read on to learn about the benefits and drawbacks of industrial vending machines and discover a more cost-effective solution.
A renewed push toward cost savings is blurring the line between VMI and CMI for many suppliers. With advancements in technology, CMI apps have emerged as a game-changer for suppliers looking for remote inventory management solutions for their customers. Explore what remote inventory management is and learn three valuable tips for effectively implementing it.
The main differences between VMI and CMI come down to who performs the inventory monitoring and places the replenishment orders. One of the greatest similarities between VMI and CMI is that they both run best with the use of inventory management software. Read on to see which would work better in your stockroom.
It’s an uncomfortable fact – managing consigned inventory at a customer’s location can be challenging. Your customer may have great intentions, but, nevertheless, they don’t always treat your inventory as if it’s their own.
If you’re a contractor with a fleet of service trucks, how do you manage your truck inventory and measure whether ...
Efficient distributors realize that the cost savings from reducing consignment inventory are both one-time and ongoing.
COVID-19 forced many companies to look inward, reducing unnecessary costs while maintaining great service levels. Distributors don’t want too much consignment ...
Forward-thinking distributors are using consignment inventory to ensure their top customers are stocked with the inventory they need – when ...
