Vendor-managed inventory (VMI) apps streamlines inventory management by allowing suppliers to update inventory levels and raise replenishment requests when levels fall below the configured limit. This focuses on supplier inventory updates and replenishment request processing. Buyers can view and convert replenishment requests into purchase orders.
VMI allows suppliers to have a real-time view of inventory item levels for their buyers. Buyers can designate an inventory item as vendor-managed, granting the respective supplier access to real-time inventory levels and enabling them to submit replenishment requests.
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Users benefit from real-time visibility into inventory levels, allowing for proactive management and avoiding stockouts or overstock situations.
Suppliers can quickly assess inventory levels and initiate replenishment requests, streamlining the procurement process and ensuring timely restocking of items.
Buyers can easily mark an inventory item as vendor-managed and assign a specific supplier whenever they are adding an inventory item
The application fosters collaboration between buyers and suppliers by enabling transparent communication regarding inventory needs and replenishment request
