Vendor Managed Inventory (VMI)
As part of our Total Component Management™ (TCM®) solution, Vigilant Vendor Managed Inventory (VMI) is a line-side, BoM-based service. Delivering instant access to required electronic components, Vigilant VMI substantially reduces the real cost of component acquisition.
Instant access to electronic components, minus the risk.
Our line-side feed and remote warehousing solutions ensure that assembly-ready electronic components are available on your premises, where you need them. Since the VMI system is founded on the principle that all stock belongs to us, you only pay for stock as it is used. The result is substantially improved cash flow and an overall stock reduction.
The Vigilant VMI system also allows you to report material usage in terms of your product or BoMs, rather than on an individual component basis – dramatically reducing your administrative burden and simplifying invoice processing.
Our VMI line-side stores are controlled by setting minimum or maximum levels for the specific factory location on our ERP system, and driven by forecasted future requirements. A daily replenishment programme identifies when stock is likely to fall below the minimum threshold or where an unusual increase in build forecast requires extra stock. The system is supported by buffer stocks held in our warehouse, plus protected inventory at our global suppliers.
Vigilant's vendor managed inventory service will:
- Enhance stock availability - instant access to the components you need
- Improve cash flow - only pay for the stock you use
- Reduce administration - minimise your purchase transactions and invoice processing
- Decrease your material handling – thanks to one consolidated shipment per week
For more information on our Vendor Managed Inventory solutions please click here