Prescient.com > Solutions > Retailer Solutions > Vendor Managed Inventory

The Time is Now

Vendor Managed Inventory is all about retailers giving more responsibility to their suppliers. Prescient’s Vendor Managed Inventory application is pre-mapped to the specific requirements of each trading partner for the transfer of electronic data directly into the Prescient Demand Signal Repository. This enables suppliers to analyze retailer-supplied demand information, automatically generate orders for each customer, set inventory policy at the retailer’s distribution center and monitor on-going inventory levels, determine which items need to be replenished, and how to ship them most cost-effectively.

Prescient’s Vendor Managed Inventory (VMI) application is proven and reliable, and it will set you free … to concentrate on your core business … to maximize merchandising programs … and to drive profitability. We are a recognized leader in VMI with a robust offering:

• Customized Community Development. We can design and deploy a program based on your particular needs, whether it’s around a category or type of vendor.
  
  
• Better Performing Promotions. Improve promotion performance by having the right products in the DC for timely distribution to your stores
  
  
• No Risk New Product Introduction. Our system predicts how a new product will perform based on performances of like products
  
  
• Performance Measurement. Use our scorecards to determine the effectiveness of your suppliers and their products
  
  
• Analyst/Advisory Services. Outsource the expertise of our VMI Analysts, enabling faster implementation, compliance with retailer requirements, and rapid ROI.

The Opportunity with Suppliers is Big

In all likelihood, your big vendors have already implemented a VMI program, it’s been around for a long time, in many retail formats and product categories. The real opportunity for VMI is with small to mid-sized suppliers – the companies that don’t have the money or headcount to run their own VMI programs. Prescient helps retailers deploy programs that address smaller companies’ concerns about VMI – cost, headcount, and ease of use.

And VMI isn’t just for branded products. Private label sales are at record levels, so these money-makers need to be on your shelves. The only way to make that happen is to have the right inventory in the warehouse so product gets to the store shelves on time.

With VMI, you will reduce your investment in inventory, free up precious warehouse space, and reduce cuts. But that’s just the beginning. Prescient is the industry leader in VMI. We’ve built programs for lots of retailers and their trading partners. Let us build one for you.