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Supply Chain

How to Successfully Collaborate with Your Supply Chain Partners

August 25, 2015

Here are five steps you need to take to develop successful supply chain relationships: Find suppliers with common goals In order to be successful, you and your suppliers’ goals should align. For example, let’s say your company strives to be environmentally responsible. Perhaps you already are acting on these goals, or this is something you want […]

Supply Chain

Avoiding Unethical Supply Chain Management Practices

January 20, 2015

Why it’s important Don’t let the cost of doing business force your company to abandon its values. There are many incentives to avoid using unethical supply chain practices. There are several reasons you may want to move parts of your supply chain overseas. Outsourcing cheap labour can increase your firm’s profit margins or help keep your […]

Supply Chain

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How effective is your inventory management?

VMI Assessment

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14%

What are the factors contributing to increasing costs in your supply chain and inventory operations?*

Carrying more inventory than needed, leading to higher carrying costs

Stockouts leading to expensive expedited shipping costs

Employee labor costs for customer site visits

Extra Costs associated with returns or damaged goods due to order processing and fulfillment mistakes

Other

My costs never increase

Other*

What are the most common issues your customers experience?*

Incorrect inventory quantities

Incorrect inventory items

Late orders

Long lead times

Other

My customers never complain

Other*

How accurate are you in tracking on-hand quantities of inventory you have in all your stocking locations?*

Never accurate

Somewhat accurate

Very accurate

Always accurate

What are the challenges you face in getting inventory to where it needs to be at exactly the right time?*

Difficulties in seeing and reacting to changes in demand

Inefficient order processes

Inaccurate manufacturing and distribution planning

Inaccurate or a lack of inventory counts (at internal stocking locations, or at client sites)

Other

We never have issues getting inventory to where it needs to be at exactly the right time

Other*

Given your current inventory management system, which of the following features will have the greatest impact on meeting your inventory management goals?*

Automatic reordering & replenishment

Integrations with external systems

Visibility, Reporting and Forecasting into customer trends

Role-Based Users (internal vs. external)

Consignment & Fulfillment Capabilities

Barcode Scanning

Other

Our Inventory Management System has everything we need

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Is VMI right for you? Can you adopt VMI to increase sales for your business?

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