VMI - Consignment

ThoughtSpeed™'s Consignment solution makes management of inventory easier for manufacturers/suppliers to effectively manage and control their own inventory at a customer's site.

Designed to improve efficiency for both the Customer and the Supplier. Costs are eliminated as there is a single agreed source of information and less paperwork involved by using this hosted SaaS system. Visibility of inventory levels at Customer sites allow the Supplier to work to shorter replenishment cycles and to reduce the amount of effort required to audit inventory. This contributes to increased sales as there are fewer stock-outs and communication delays. Customer service is improved as a result and efficiency improves for both the Customer and the Supplier.

Scanning and RFID Technologies are fully implemented with real-time interfaces with the online host system.

Features:

		Simple browser (and integration) for consignment customers to enter usage/sales
		Automated replenishment creation and communication with Supplier
		User controlled (daily/ weekly/ monthly) usage reports
		Common interface for Customers to manage multiple Supplier relationships