Vendor Managed Inventory (VMI)
BIM can play a key role in your implementation of VMI for your bulk products
Vendors need to know:
- Current inventory readings
- Forecasts for future usage
- What is on order and in transit
BIM provides the first piece, current inventory readings, to suppliers and carriers by automatically forwarding:
- Bulk inventory level readings on a timely basis
- Notification when critical levels such as reorder points or low product levels are reached