Vendor Managed Inventory

Efficient, Low-Cost InventoryManagement

Our Vendor Managed Inventory program is a proven cost saving process that manages low value, high volume consumables. Our process facilitates optimum inventory replenishment, reliable supply and reduced inventory levels.  CenturyVallen’s VMI program achieves incremental improvements with common inventory related issues:
  • Excessive inventories
  • Multiple products for a single application
  • Wasted time managing low value items
  • Bin allocation issues
  • Product and tool misidentification

Eliminate the redundancies within your procurement process and solidify the supply of your low value, repetitive consumables. Best of all, your organization will consume the product before you pay for it.

VMI Implementation

  • CenturyVallen personnel review your key production, maintenance and administrative processes.
  • Products are reviewed and optimal inventory levels are established.
  • Purchasing and accounting requirements are reviewed to support effective invoicing, EDI, cost coding and process compatibilities. Summary invoicing is optional.
  • Storage areas are reviewed for setup efficiencies. This includes identification of satellite sites.
  • Open Bin items are identified.
  • All items and optimal inventory levels are loaded into our ERP system.
  • Bin locations are identified and barcoded.
  • Our representatives review inventories and scan replenishment quantities into our system on a set schedule.
  • Orders are processed electronically and shipped from our nearest location.
  • Appropriate housekeeping practices are implemented.
  • Representatives use reliable historical data to continually optimize inventory levels.
Together, we will help you realize your goals: reduction of stock, reliable supply and an increase in working capital.