A vendor managed inventory program (or VMI program) is a supply chain management strategy in which a company’s inventory is managed directly by a supplier, like Triad Technologies. We take responsibility for forecasting demand, placing orders, and replenishing inventory, ensuring that you have the right products at the right time in the right place!

Benefits to VMI Programs:

Reduced Costs: A VMI program can help you avoid overstocking, which can lead to high carrying costs and obsolescence. VMI may also help to reduce ordering and transportation costs, since Triad is responsible for placing orders, delivering inventory to your location, and managing inventory levels.

Improved Inventory Accuracy: Triad uses real-time data to track inventory levels, forecast demand, and proactively replenish your stock. This helps you avoid stockouts, and prevents lost sales or downtime due to lack of inventory.

More Time and Resources: With a VMI program, Triad Technologies takes care of your inventory management, freeing up your time and resources to focus on other core business activities, like production and sales.

Triad’s Expertise: Not only does our VMI program give you access to our expertise in inventory management and forecasting, but our experts can also answer your questions and provide product and assembly training as needed.

How Much Can I Save?

Savings from implementing a VMI program can vary, depending on the size of your business, your industry, and the specific products being stocked. However, most studies show that VMI programs can help businesses to save between 5% and 20% on inventory costs! In addition to reducing inventory costs, VMI programs can reduce stockouts by an average of 25%, helping to improve customer satisfaction, increase sales, and decrease downtime.

How Do I Get Started?

Visit our Vendor Managed Inventory page to get in touch with a Triad representative. Our experts will work with you to determine the right components to have on-hand, and quantities for each. We will also determine an on-site visit schedule to identify shortages and replenish your inventory.

Triad’s VMI program can be a beneficial way for you to improve your supply chain efficiency and reduce costs. Get started today!