Vendor Managed Inventory

Zoyto can optimize your supply chain performance by implementing a solution known as Vendor Managed Inventory (VMI). With a vendor managed inventory strategy in place, Zoyto will maintain the partnerships that exist between you and your suppliers. Zoyto will conceive a detailed sourcing strategy, replacing any random collection of vendor offerings you may have used in the past. This combined with complex Demand Forecasting tools helps define the necessary restocking quantities that assure improved economies of scale and increased operational efficiencies. Additional benefits in implementing Zoyto’s Vendor Managed Inventory strategy includes the following:

1.) A shortened supply chain
2.) Better control over back orders
3.) Streamlined inventory levels throughout the supply chain
4.) A single data warehouse system that permits better demand forecasting
5.) Continuous communication with your suppliers which helps increase inventory turnover levels. It also allows Zoyto to implement stringent quality control measurements, making sure that the vendor is meeting all of your performance guidelines.
6.) Automatic replenishment of supplies once low stock levels are reached
7.) Vendor consolidations that reduce IT expenditures
8.) Improved price breaks

Zoyto will implement a VMI strategy that monitors the entire supply chain for you, allowing you to focus on your core competencies. Web-based reporting tools are accessible to your operations team at all times and will keep them informed of inventory levels as well as outline future demand requirements. This gives your organization the critical data needed to grow your business by fine-tuning your business strategy to current market conditions.