Vendor-Managed Inventory/ Consignment Stock Solutions
Optimise Stockholding and Replenishment Cycles for You and Your Customer
Consignment stocks and vendor-managed inventory form part of your total offering to your customers. With your competitors, you are not only competing on product, but on service, too. Customers look at the total cost of your solution: service levels and stockholding costs (if customer-owned stock) are vital.
The stock levels required to satisfy a given service level are greatly affected by the frequency of replenishment: by replenishing stocks weekly rather than fortnightly, stock levels can be significantly reduced, however, replenishment costs increase. Where is the ideal balance?
Inventory Strategy Manager analyses your customer's demand and enables you to agree service levels. You can then analyse your replenishment frequency and stockholding costs and choose the optimal balance.