Vendor-managed inventory programmes are not a new idea. Many major companies across industry have adopted this business model as a way to optimise inventory management and supply chain efficiencies. The automated flow of information within a company, or between partner companies, creates transparency for the supplier and security of supply for the purchaser.
However, VEGA has taken the idea one step further, making a strong link out of something that up until now was a weakness in the supply chain. VEGA Inventory System allows sensors to communicate not only with each other and the plant management system, but also directly back to the VEGA depot to report the need for re-supply.
With the help of the web-based software, the company assumes responsibility for the customer’s stocks and makes sure they are always sufficiently supplied. The customer no longer has to assess needs accurately and then make sure replenishments are ordered on time. VEGA Inventory System takes over this function. To accomplish this task, the software provides automatic alerts, which in turn gives greater flexibility to the company’s resource and logistics management functions.
The programme also includes a series of well-designed analytical and planning tools that enables optimised demand, inventory and delivery planning.
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