VMI
Datalogger application
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Description
Vendor Managed Inventory (VMI) represents
a concept of material supply, in
which the flow of goods is controlled by
the vendor instead of the customer. A
general agreement between the parties
makes the supplier responsible for keeping
a tank, silo, or storage section of the
customer filled with a particular product.
VMI is not only used in the retail trade,
but is also finding its way into the manufacturing
industry more and more. In
such an agreement, maintaining a minimum
level of material is the customer’s
most important requirement, so that his
production process is not endangered at
any time. Similarly, the supplier is interested
in planning and using his production
and transport capacities optimally.
As soon as the supplier has access to regular
data about the stock levels on the
customer’s premises, he is able to determine
average consumption values, for
example. This allows him to work out an
individual and detailed supply schedule
for the customer.
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detailed Documentation |
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