Vendor Managed Inventory

Province Electric Vendor Managed Inventory Services

What is Vendor Managed Inventory?

A means of optimizing Supply Chain performance in which the manufacturer is responsible for maintaining the distributor’s inventory levels. The manufacturer has access to the distributor’s inventory data and is responsible for generating purchase orders.

Why use Vendor Managed Inventory?

The answer is simple: your time is important.

VMI will allow us to help you build the Perfect Supply Chain. We know that your time is important and that’s why Province Electric Supply is pleased to offer you the time-saving, cost-effective option of VMI.

Implementing VMI helps you overcome many of the issues that challenge profitability, including:

    • - Maximizing inventory turns and fill rates
    • - Reducing total supply chain costs
    • - Eliminating errors as you remove manual tasks from the cycle
    • - Minimizing inventory investments
    • - Freeing up important resources to focus on the customer side of your business

     

    Together, we will create the managed inventory program that best suits the needs of your business.

     

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