THE WHOLESALER: REASONS TO LET A SUPPLIER MANAGE YOUR INVENTORY
The Wholesaler’s special contributing author Tom Hoar discusses the benefits of Vendor Managed Inventory programs. Have you ever considered VMI?
The Wholesaler Excerpt:
As a wholesaler considering participating in a supplier’s Vendor Managed Inventory program, you might be asking yourself, “Why would I let a supplier manage my inventory?” It may seem counter-intuitive that you can improve inventory management and increase sales by allowing suppliers to maintain your inventory. But more and more wholesalers are doing just that with key suppliers. In fact, many wholesalers are now encouraging suppliers to include them in their VMI programs. Why? Because for you, the wholesaler, it results in increased sales, improved inventory turns, and reduced administrative costs.