Optimize Supply Chain Relationships Like Never Before
Having the right products in the right place at the right time is crucial to your brand’s success. But delivering that inventory promise is easier said than done. To deliver a competitive purchasing experience, supply chain partners need to work together in new ways.
Vendor managed inventory (VMI) offers management tools that enable trading partners to easily share inventory data, creating a demand-driven supply chain. Using VMI, you can expedite order forecasting, optimize shipments and improve in-stock rates, all while avoiding the bullwhip effect.
TrueCommerce’s VMI solution can support any replenishment model and scale to any number of locations. In-house implementation reduces setup time and costs for quicker ROI. At the same time, cloud-based vendor managed inventory software keeps ongoing costs predictable and affordable. Here’s why we’re trusted by more than 20,000 locations, managing over 25 million SKUs and $50 billion in sales.
How it Works
Vendor Managed Inventory works by allowing suppliers, distributors, and buyers to share real-time inventory data, such as product on hand, on order, and sold. The software solution digests this data, along with your unique stock level setting for each partner or location. It then produces recommended replenishment orders designed to decrease lead time and optimize on-shelf availability.
Benefits of VMI Solutions from TrueCommerce
By sharing inventory levels, VMI helps increase visibility and trust among suppliers, retailers, distributors, wholesalers, and 3PLs. In a study of 156 distribution locations using VMI software, participants saw results like these:
Rapid VMI System Implementation
TrueCommerce VMI is a fully functioning inventory management system supported by an in-house implementation team. This makes it possible to ensure our customers can get up and running fast.
- A proven, documented approach enables fast, efficient onboarding
- Configurable application features let you tailor the VMI system to your business’s needs
- In-house implementation support reduces your IT burden for simplified supply chain management
- Ongoing support makes it easy to bring new trading partners into your VMI program
VMI Solution Security and Support
Guarding your data—and your customers’ data—is crucial to maintaining strong trade relationships. TrueCommerce’s VMI platform includes security and support to give you peace of mind.
- SOC-2 compliant, Tier 3+ IBM data centers with full redundancy
- Service availability of over 99% uptime
- At-rest data encryption, plus data retention and disaster recovery
- Expert support and services from the TrueCommerce VMI Customer Care team
VMI Software Features
- Advanced Demand Forecasting
Choose from three ways to process demand information and create accurate, flexible inventory forecasts:
- External Demand Signals
- Sales Profiler
- Future Forecasting
Demand Forecasting Models
for the Future Using Retailer Data
- Atonomous Planner
Do more with less by automatically launching purchase orders based on real-time demand data.
- VMI Data Cubes
Aggregate inventory system data from replenishment orders and integrate it with PowerBI and other analytics platforms.
- Item Stratification
Easily can create inventory stocking rules based on an item’s importance, profitability, or ordering requirements.
- Available to Promise/Allocation
Optimize stock levels across locations without overselling to maximize performance even when product availability is low.
Automatically manage products that replace other items temporarily or permanently.
- Truck Building
Increase your vehicle fill rate to lower your company’s carbon footprint, shipping costs, and total number of shipments.
- Alternate Ship-From
Fulfill orders from a secondary location based on order sizes or special conditions.