Vendor Managed Inventory
Vendor Managed Inventory (or VMI) is the process in which a vendor
assumes responsibility for managing the inventory of a product at a
customer's site. The vendor is usually responsible for:
- Monitoring the customer’s inventory,
- Analyzing the customer’s usage, and
- Replenishing the customer’s stock.
Remote Monitoring Solves Perplexing Vendor Managed
Inventory Problems.
Vendor Managed Inventory employs "just-in-time"
principles to optimize supply chain efficiency by minimizing the amount
of inventory at the customer’s site while eliminating run-outs and
emergency deliveries.
Timely inventory and usage data is essential to the
Vendor Managed Inventory process and Supply Chain Management in general.
It often requires a real-time remote monitoring network that integrates
with existing information systems.
Remote monitoring is a widely accepted method of monitoring a variety
of products such as liquid levels in storage tanks and bulk powders or
pellets in silos, bins and hoppers. It can also be applied to other
types of inventory as well.
The benefits of remote monitoring goes beyond accurate and timely
inventory data. With it, you can:
- Instantaneously detect sudden changes in demand;
- Detect spills, leaks and theft;
- Monitor temperature and storage conditions;
- Verify delivery times and amounts;
- Improved Supply Chain Management.
How Does Remote Inventory Monitoring Work?
Remote Inventory Monitoring requires the installation of
a Remote Monitoring Unit (such as our GMU8120) at every remote location.
Sensors attached to the Remote Monitoring Unit provide the required
inventory information as well any ambient conditions that need to be
monitored.
The Remote Monitoring Unit intelligently processes all of
the information from the sensors and transmits vital changes in
inventory or usage to a centralized computer. The centralized computer
(also known as a server) accepts data from every remote site and
populates a database. Information from the database can then be used to
generate management reports or to interface with other information
systems.
How can Global Monitoring Help?
Global Monitoring understands the steps required to implement and
maintain the type of remote monitoring network that is required for
vendor managed inventory programs. We can assist you with:
- Network design
- Sensor and hardware selection
- Information technology
- Operation
- Project management
From concept through deployment, Global Monitoring's
design, support and product knowledge provides cost-effective and timely
business solutions for your remote monitoring needs.
Let's Discuss your needs.
Contact us today to discuss your remote monitoring
application.
