Vendor Managed Inventory
Manufacturers often rely upon numerous retail partners to bring their products to market. These companies often find themselves at a disadvantage in attempting to maximize their sales, as they have limited visibility into the activities that take place within the retail environment.
Are the proper items on the floor in the right quantities? Should different product mixes be offered in different geographical locations? Are promotional items being brought to the floor properly timed to promotional activities?
With solutions targeting Vendor Managed Inventory built on top of the
TrueVUE RFID Platform, manufacturers can gain critical visibility and improve their sales through these channels. Solutions based around the use of handheld readers within a networked, enterprise environment allow representatives from the vendor to go into retail partner locations, and quickly gain inventory visibility. Alternately, fixed cabinet or shelf-based solutions can provide continual, real time inventory information in environments where product location is stable.
In either case, manufacturers can now improve decisions that directly impact their ability to drive revenues up. Solutions in VMI typically include the following Vue components: