Vendor Managed Inventory
ToolsGroup offers a demand-driven VMI replenishment engine that captures the demand signal and both manages and optimizes the vendor managed inventory planning process.
ToolsGroup’s VMI solution calculates a forecast based on demand input and market intelligence. It then automatically generates daily replenishment proposals to meet pre-defined target service levels (fill rates) for each SKU-Location. Optimal loads are calculated for each truckload.
The solution consistently delivers on-target service levels without significant manual intervention. It allows users to reliably achieve service levels up to 99+% without excessive expediting, and with far fewer exceptions, improved retailer/supplier relationships and increased planner productivity.