Vendor Managed Inventory (VMI)
With a VMI in place, In’Tech Medical has a direct insight (via third party software or a shared spreadsheet) into customer’s inventory levels, allowing us to dynamically allocate manufacturing resources to ensure a continuous supply on specific implants or instruments. This typically integrates consumption and anticipated forecast (product launch in new region, etc).
A VMI is typically implemented to simplify the replenishment process : Buyer and In’Tech Medical agree to acceptable inventory minimum and maximum threshold. This optimizes both the time and cost of inventory tracking and administration, while giving you the peace of mind of knowing that the components you need will be replenished at the right time and in the right amount
The benefits on our end are an automatic anticipation of your needs, allowing us to optimize and continuously assess production scheduling vs. day-to-day load.
