Warehousing & VMI

Investing in innovative design and robust manufacturing facilities is essential, but it’s only one component of a comprehensive production strategy. Managing inventory, whether raw materials or finished goods, is a critical part of the process. So, too, is determining where to store and stage your materials. Avoiding stockouts and delays is crucial, especially for companies operating at a higher level and with more products.

Transitioning to a vendor-managed inventory approach can unlock numerous benefits. At Reliant Plastics, support for warehousing goods and vendor-managed inventory solutions is a core part of our work. 

What Is a Vendor-Managed Inventory (VMI)?

Vendor-managed inventory is a typical process in many industries today. Reliant Plastics, VMI involves collaborating with our suppliers to manage specific inventory items within our own warehouse facilities. 

We manage stock levels based on predetermined agreements between our team and yours. Together, we determine what inventory levels should trigger a restock and what fill rate your product(s) will require. Managing costs is also essential; a vendor-managed inventory system should be a source of cost savings and efficiency improvements.

Benefits of Vendor-Managed Inventory

With effective VMI in place, there are benefits for our customers and the partnerships we build together.

VMI Advantages for Companies

With vendor-managed inventory solutions, Reliant is responsible for supplying your manufacturing sites or warehousing locations with our products as you need them. Benefits include:

  • Reduced purchasing costs
  • Less time spent calculating order needs and creating purchase orders
  • A reduced burden on accounts payable/receivable teams
  • No need for frequent order corrections or matching and reconciliation
  • Lower warehouse costs
  • Shorter shipping times

Building Stronger Partnerships With VMI

These operational improvements make VMI orders an advantageous proposition for both parties. Some of the perks in this area include:

  • Improved demand visibility: Reliant anticipates and helps you meet upcoming needs, effectively ending the scramble for additional supply when demand spikes.
  • Streamlined communication: Improved understanding between teams creates a frictionless process for inventory management.
  • Enhanced data collection and analysis: This information is used to identify trends, make forecasts, and generate other improvements.

Strengthen Your Supply Chain With Reliant Worldwide Plastics

A resilient supply chain is imperative in today’s complex and interconnected economic environment. With Reliant’s vendor-managed inventory and warehousing solutions, operational improvements are within easy reach today. These solutions can increase supply chain efficiency, reduce team stress, cut costs, boost profitability, and create a better customer experience.Connect with our team today to learn more about the possibilities with these solutions.