Reducing inventories and lowering capital costs
Thanks to its completely new Vendor Managed Inventory (VMI) solution, SupplyOn has considerably simplified a material planner`s daily work both on the customer as well as the supplier side, thus ensuring the highest transparency. The VMI process enables suppliers to view the inventories and demands of their customers and assumes the material planning at the customer`s stock. Within defined maximum and minimum limits for the inventory, suppliers can flexibly plan and adjust their production to their customers` actual requirements and their own capacities. This consequently lowers inventories, optimally utilizes production and the transport network and frees tied-up capital.
The Alert Monitor, which immediately visualizes critical situations, is a key element of the new VMI solution. Users can define messages that are relevant for them, and have these displayed on the Alert Monitor or via an automatic e-mail messaging system. The history function, which allows every change to inventories, inventory limits and requirements to be traced for the previous months, is also very helpful. It is especially useful with incorrect deliveries, allowing the causes of such to be clarified quickly and easily.
Also, the new VMI solution makes delivery reliability transparent. If inventories fall below or exceed limits, the system automatically generates assessment data, which is integrated into the supplier assessment according to defined rules.
For SupplyOn speed was also an extremely important aspect of the new VMI solution. Even very comprehensive selections and detailed inventory projections are displayed practically immediately. This means users can work more productively and concentrate on their core activities.