|April 01, 2013|
|01.04.2013 Telema VMI Automatic Replenishment Order saves a lot of manual work|
VMI (Vendor Managed Inventory) turns the traditional ordering process in a supply chain upside down: instead of orders the buyer sends supplier regular sales and inventory reports. Based on the data in those reports the decision on how much and when to replenish is made by the supplier. VMI’s objective is to reduce inventory and the related costs, minimize out of stock situations, improve customer service as well as efficiency throughout the supply chain.
Telema VMI service combines retailers’ POS data and stock balances into reports, giving an overview of the products situation at store level. The reports can be viewed through Telema Service Web and they present various indicators such as stock balance of products, days of sales outstanding (DSO), average sales over a certain period etc. Recently a new important feature was added to Telema VMI that automates the replenishment process and enables to save even more valuable time.
The new Automatic Replenishment Order allows suppliers to create next order for a given shop by one click in Telema web. The quantities in the order are automatically calculated either as:
Before submitting the order, it is possible to change the quantities, if needed, as well as add or remove products, add discounts etc. The orders are sent to supplier’s ERP system for further processing.
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To fully benefit from Telema VMI service supplier and retailer need to agree on the following:
Technical prerequisites to use full scale Telema VMI solution:
Get even more out of your VMI service by connecting to new partners
Recently new retailers have joined Telema’s VMI network who have technical ability to share their POS data.
Retailers in Telema network providing POS data:
Activating Telema VMI automatic replenishment order is easy:
VMI seems interesting and something your organization could try out?
Fill in the following form and we can have a more detailed discussion about it.