The article “Data-Driven Vendor-Managed Inventory”, published in the June edition of Electrical Wholesaling, describes the numerous benefits and considerations of utilizing a vendor-managed inventory (VMI) strategy. IDEA’s B2B eCommerce solution, Industry Data Exchange (IDX) and Synchronization solution, Industry Data Warehouse (IDW) are mentioned as supplemental technologies that can help make VMI management more efficient. Companies on both the manufacturer and distributor side credit the use of a VMI system for helping the entire supply chain directly and indirectly cut costs, eliminate waste and help achieve seamless automation. B2B leaders at Cooper Crouse-Hinds, Kirby Risk, Panduit, Revere Electric and Van Meter Industrial are quoted.
Learn more about how IDEA customers are using our solutions to improve their VMI strategies in the case study featuring IDEAL and Kirby Risk – “Collaborative Standards-Based Solutions Build a Strong Foundation for Growth.”