Vendor Managed Inventory (VMI): Right Product, Right Place, Right Time
Manufacturers, distributors, and retailers all want the same thing: the right product supplied to the right place at the right time. At TrueCommerce, we connect and integrate our customers with their supply chain partners to accelerate sales using proven inventory management methods such as Vendor Managed Inventory (VMI) and Collaborative Replenishment (CR).
Increase Sales by 17% with VMI
TrueCommerce’s Vendor Managed Inventory (VMI) software solution allows businesses to increase their shelf availability by 17% by ensuring the right products are in the right place at the right time. This increase directly impacts product sales which benefit from having maximum exposure to the market.
Quick & easy setup and management
The TrueCommerce Vendor Managed Inventory (VMI) solution is deployed in the cloud using a SaaS model. This enables suppliers and their distribution partners to establish an effective VMI process quickly and easily with no additional IT equipment or staff. There are also no upfront or hidden costs, just one simple annual fee.
Find Out More
More supported and secure
Protecting the confidentiality and integrity of your data is our top priority and we achieve this by adhering to the most stringent compliance standards including SOC 2. The TrueCommerce vendor managed inventory software platform also features 100% redundancy and is fully supported by a team of regional specialists.
Reduce returned goods by 15%
Vendor Managed Inventory (VMI) software ensures overstocking never occurs by monitoring distributor/retailer stock levels and sales. Subsequently, this means less pressure on warehouses and fewer goods being returned to suppliers.
Reduce Logistics costs by 16%
Because the TrueCommerce Vendor Managed Inventory (VMI) solution calculates the volume of products required at each location using its forecasting tool, vehicle movements are kept to a minimum whilst the shelves are always optimally stocked.
“When we considered all of the functional, technical and service aspects of what we wanted in a new generation VMI platform, TrueCommerce was the simple choice. They are the clear leader in VMI, handling a number of large CPG customers, processing millions of SKUs and managing thousands of locations around the world. “Supply Chain Manager
Gain greater efficiencies with accurate metrics
With our analytics suite, we help analyse and predict sales trends across multiple distributors, product groups and time periods allowing for more accurate financial and operational planning. Having these insights also allows your business to benchmark the success of your replenishment program.
Supporting all supply chain methodologies
The rise of omnichannel retail, including drop-shipping, “fast and free” shipping and other ordering options enable trading partners to easily share inventory data to create a lean, demand-driven supply chain. This allows you to expedite order forecasting, optimise shipments and improve in-stock rates. TrueCommerce Vendor Managed Inventory (VMI) is highly effective for any methodology, including Distribution Centre, Retail, Cross dock, Multi-Stop, Scan based, External demand and 3PL consolidated replenishment models.