Let’s face it, depending on your business you have to carry various parts and products to keep your production team going. From a business standpoint, we understand you can’t sit on excess raw material, tying up large amounts of cash and space, but it is also costly...
The old joke about managing your inventory so that you always had “one (part) to use and one to lose” is one reason that vendor managed inventory (VMI) has become increasingly popular in recent years. That was reinforced by manufacturing strategies such as...
Vendor managed inventory (VMI) has become the accepted practice in many industries for managing the manufacture, distribution, and stocking of parts and components. What was once considered almost a novelty is now considered an effective and cost-efficient strategy...
