{"id":2644,"date":"2019-12-12T06:17:46","date_gmt":"2019-12-12T06:17:46","guid":{"rendered":"https:\/\/optimas.com\/?p=2644"},"modified":"2024-11-22T15:31:11","modified_gmt":"2024-11-22T21:31:11","slug":"top-3-things-to-look-for-in-a-vmi-partner","status":"publish","type":"post","link":"https:\/\/optimas.com\/en_gb\/top-3-things-to-look-for-in-a-vmi-partner\/","title":{"rendered":"Top 3 Things to Look For in a Inventory Management Partner"},"content":{"rendered":"

In a\u00a0previous post\u00a0<\/a>we explained why more manufacturers are adopting Vendor Managed Inventory (VMI) and why others are continuing to optimize their inventory management programs. The benefits of VMI are many: streamlined processes, better data visibility, improved workflow, higher productivity and lower costs. But to reap those benefits, you need a successful program, and the key to a successful program is having the right VMI partner.<\/p>\n

Launching a VMI program (or optimizing an existing one) requires a true partnership between supplier and customer.<\/p>\n

When considering possible inventory management solutions providers, keep these top three criteria in mind:<\/p>\n

1 – They’re Experienced VMI Providers<\/h3>\n

First, look for a partner who has a successful track record of assessing, developing and implementing VMI solutions for similar organizations. Your VMI provider should deeply understand your market and market demand for your products. They need to have a strong supply chain so they can respond in times of unforeseen demand or market volatility. They should show you\u00a0documented, proven results\u00a0<\/a>helping other organizations in your industry. And while it seems like common sense, make sure they focus on accuracy and quality. Paul Przyby, Vice President of Sales & General Manager at Optimas Solutions, explains:<\/p>\n

“No part is inconsequential. Fasteners are a great example. How many fasteners does it take to build a lawnmower? <\/em>All of them<\/u>.<\/em><\/strong> If just one fastener isn’t where it’s supposed to be when our customers need it, their production line shuts down and they lose money.”<\/em><\/p>\n

\"Blog<\/a><\/span><\/span><\/p>\n

2 – They’ll Customize Your VMI Program<\/h3>\n

Make sure you’re not getting a cookie-cutter VMI program that was recycled from a previous customer. A good partner will start by gaining a deep understanding of your organization. They’ll conduct a walkthrough of your plants and warehouses. And they’ll take the time to speak with anyone who can provide insights that would be helpful in building and implementing your program, including, but not limited to:<\/p>\n