New Software for Inventory Visualization The Intelligent Link in the Supply Chain
Instrumentation manufacturer Vega uses the strengths of its level measurement technology as the basis for a next generation software: Vega Inventory System. With it, sensors on tanks and silos can now communicate directly with the supplier — via a Web portal — and report the need for replenishment fully automatically and in good time.
The conventional way of managing the replenishment of stocks is a challenge for customers and suppliers. But there is a solution for a better customer-supplier partnership and it’s called: automation.
Vendor-managed inventory programs (VMI) are an efficient way of improving inventory monitoring and replenishment. The automated flow of information within a company or between partner companies creates transparency early on for the supplier — and security of supply for the purchaser. Vega thus makes a strong link — with win-win effect — out of something that until now was a critical weakness in the supply chain.
With the help of the web-based software, the supplier assumes responsibility for the customer’s stocks and makes sure they are always sufficiently full. This arrangement gives him greater flexibility in his own resource and logistics management. He no longer has to depend on the customer assessing his needs accurately and ordering replenishments on time. Vega Inventory System takes over this function.
To accomplish this task, the software provides automatic alerts to the supplier. The program also includes a series of well-designed analytical and planning tools that enables optimized demand, inventory and delivery planning. And the best part: Vega Inventory System is easy to roll-out and easy to use, the company says.