It’s one of those things where if you haven’t ever had a vendor managed inventory (VMI) system--you won’t know what you’re missing. However, if you do have one--you’ll wonder why you waited so long.
Here’s what Baker Hughes’ buyer Barbara Berry had to say about VMI and Hisco -
The VMI Hisco team exceeded my expectations. From the coaching--to the emails that guide you along all the steps--to adjusting our inventory when market conditions change.
The best VMI includes a strong partnership between all those involved
Yes, Hisco will be with you every step of the way. Training, shared understandings, communication, pre- agreements and--preplanning for events--like changes in inventory demand--all part of the partnership and the VMI system.
Inventory control = cost savings; cost savings = inventory control
Easier adjustments to market changes are just one of the many benefits of adopting a VMI system. Two other major benefits—inventory control and cost savings. Remember Newton’s Cradle and how it worked on momentum? The metal ball on one end caused the metal ball on the other end to move and vice versa. That sums up the Hisco and Hughes Berry VMI partnership, as well as the relationship between inventory control and cost savings.
Here’s more from Barbara Berry -
These machines have been wonderful for inventory controls. We are setting up more to house our wire which should provide an annual cost saving of $30,000 and up just by controlling the inventory.
The secret’s in the software
With Hisco’s VMI system you’ll have a third partner as well—SupplyPro—providing intuitive, industry leading software and point-of-use vending equipment. With SupplyPro you’ll gain control of your inventory activity throughout the supply chain. Together, we’ll get the momentum going.
What’s Your VMI IQ?
This is just a teaser of what you’ll receive when you adopt a VMI program. Contact Hisco for more information and discover all of the documented cost savings you’ll realize with a VMI system.
| A Glimpse of Your VMI Future |
| Before | After |
| Inventory measurements not readily available | Restocking based on real-time inventory tracking |
| Stock-outs and costly overnight shipments | Improved product availability due to timely data and replenishment planning |
| Time consuming manual item check-outs | Electronic inventory sign-out and data capture |
| Time consuming data-sharing processes | Data available to multiple people as needed |
| Disjointed understanding of activity at all/multiple sites | Activity data electronically linked from all sites |
| Time and money spent writing purchase orders | Reduced administrative overhead |
| Time-consuming management of inventory | Extra time to strategize and gain a competitive advantage over non-VMI users |
| Inaccurate or incomplete market information | Dependable market information based on usage patterns and inventory depletion |
| Guessing about product mixes | Optimized product mixes based on real demand |
| Disappearing inventory | Manage accessibility and enhance employee accountability |
| Items on the shelf that don’t sell | Reduced inventory carrying costs with optimized stocking |
| Out-of-date items and obsolete inventory | Tracking helps you eliminate obsolete inventory=lower overall cost of ownership |