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Vendor Managed Inventory

ToolsGroup offers a demand-driven vendor management inventory planning & replenishment engine that captures the demand signal and both manages and optimizes the vendor managed inventory planning process.   ToolsGroup’s vendor managed inventory (VMI) planning 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 VMI planning 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.
Vendor Managed Inventory