In today’s business world, most of us are doing several jobs at once. In order to keep it all together, we look for good business partners to help us get everything done well.
Proper management of inventory in a store room can tax even the most skilled managers, and data overload is a common issue.
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What do I have?
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When was it used?
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How long does it take to get it replaced?
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Where can I get it?
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Where does it go in the store room?
These are daily issues that led to the concept of Vendor Managed Inventory, also known as VMI. The process is designed to streamline inventory management and reorder procedures.
IBT’s VMI-Express service offers the convenience of vendor-managed inventory and eliminates the need for spending time and resources to replenish inventory. Managed by IBT’s experienced product specialists and supported with the extensive inventory at our local stores, VMI-Express represents a significant cost-savings. And best of all, this second-to-none service is completely free to qualified IBT customers.
VMI-Express is a quick process that is simple to implement. Contact your local IBT store to get started in as little as one day. All it takes is three easy steps:
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Your IBT representative barcodes the items IBT will manage.
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You determine the Min and Max values for each managed item.
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Your IBT representative will return periodically to check and replenish your inventory.
The VMI-Express process will provide many benefits beyond free and easy implementation. With IBT’s involvement in your store room inventory management, you will also achieve:
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Elimination of stockouts and expedited orders
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Reduced rush freight costs
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Increase return on asset investment
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Elimination of routine replenishment activities
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Reduced fulfillment costs and lead times
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Increased operational efficiency
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Increased inventory accuracies
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Identification of non-moving inventory
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Orders can be filled automatically or be sent to the customer for approval
Please contact your local IBT representative to discuss your specific needs and requirements for the VMI Express service. Doesn’t it make sense to reduce work load where you can, put your store room on the path to zero stock-outs, and reduce freight costs? For an IBT location near you, please visit www.ibtinc.com.
