The Invendia Self-Assesment

Take the test.

Do you presently have a Vendor Managed Inventory program in place?

The nature of competition in the manufacturing / distribution sector has changed from “company-to-company” to “supply chain-to-supply chain”. To compete, trading partners must communicate and collaborate ever more closely while retaining their autonomy. Vendors are being mandated with taking control over inventory replenishment, in both the planning and execution stages. For trading partners who succeed in achieving this level of integration, the benefits include increased sales, increased service levels, reduced stock-outs, shortened lead-times, smoother production and distribution schedules, and increased inventory turns.

The following evaluation will help you to assess your either your organization’s readiness and suitability for the adoption vendor managed inventory system, or your effectiveness to date in doing VMI. Please answer the questions as best you can.