With Vendor Management Inventory (VMI), we fully manage your end-to-end inventory planning and replenishment at a service level and price you decide upon. We work with suppliers to set up VMI programs in distribution centres, in order to allow customers to buy on consignment and increase availability of products. Working closely with you and your suppliers, we automate the forecast management process, using web based software that enables the flow of supply to more accurately mirror store- and event shelf-level demand.
When some or DC inventory falls below predetermined levels, auto alert are sent to you and your supplier to prompt replenishment. Advanced shipping notices (ASNs) provide detail on in-transit inventory from suppliers so you have visibility to inventory deeper into the supply chain.
This allows for confident commitment to orders based on this inbound flow Postpone inventory ownership until shipment to your site. Once your inventory is moved to our DC , We at Minerva, work with your suppliers to transition inventory ownership until demand occurs.