Remove Constraints From Your Planning Process

This solution allows each material from a supplier to be assigned its own supply strategy based on a full range of user-configurable parameters including reorder point, min/max, safety stock rules, shipment quantities, receiving calendars, lead times, etc. The Collaborative VMI Solution generates orders that your suppliers can seamlessly integrate into their ERP or optionally retrieve via a web portal. This solution automatically updates based on automated data feeds and supports full collaboration via a web interface.

Supplier collaboration using spreadsheets can introduce errors into the process and can be difficult to control. Ensure enterprise inventory, visibility, management and compliance. Collaborative VMI allows you to have real-time visibility into demand, inventory, in-transit shipments, and expected arrivals. You and your supplier see exactly the same information via a single auditable system – ‘a single version of the truth.’

Documented Working Capital Improvements

Documented savings in excess of $500,000 per year have been realized using our solution to optimize inventory and reduce unplanned events. Inventory reductions of up to 60% and transportation asset reductions of 44% have been seen. One organization found inventory reductions freed up silo space eliminating the need to build storage capacity as a capital improvement.

Supply managers can use our solution to drive process improvements across the organization while procurement can use the enhanced efficiency of the delivered system to manage costs from the supply chain. If used in conjunction with consignment inventory, the solution can support additional reductions in work capital.

What Can Elemica's Collaborative VMI Solution do for your business?

• Improved visibility
• Significantly improve working capital
• Reduce stock-outs
• Reduce transportation costs
• Eliminate manual spreadsheet processes
• Support exception-based management on alerts
• Automatically identify and remove errors (documented 75% error reduction)
• Gain better control over payment and cash flow, with no capital expenditures
• Deliver high rates of supplier enrollment via strong program management

Click here to view Slip Sheet.