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    Inventory Management Designed To Improve Your Bottom Line.

    Posted by Austin Hardware on Mar 4, 2019 11:02:33 AM

    There are many ways that selecting the right Vendor Managed Inventory (VMI) partner can simplify your business and help you to start saving time, money, and improve your bottom line.

    Let’s break down what VMI is all about.

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    Topics: Vendor Managed Inventory, inventory management

    Consignment Inventory Management (VMI)

    Posted by Austin Hardware on Mar 4, 2019 10:28:24 AM

    So, what exactly is Consigned Vendor Inventory Management? Let’s break it down into two parts – Consigned Inventory and Vendor Managed Inventory.

    Consigned Inventory is inventory that is still owned by the supplier, but the customer has it on hand. When the customer uses or sells the inventory, the supplier THEN gets paid. There are a few reasons why this works, but a big one is that the customer frees up capital that would otherwise be needed to purchase the inventory in advance. This creates a form of financial security and freedom for the customer.

    AbleII™ Consigned Inventory V1
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    Topics: Vendor Managed Inventory, inventory management

    7 Great Vendor Managed Inventory Benefits

    Posted by Austin Hardware on Feb 7, 2019 4:31:00 PM

    Vendor Managed Inventory or VMI is an inventory replenishment strategy in which the supplier monitors and may even physically replenish the customer's stock. When you form a VMI relationship with a provider, they handle the stress of inventory so that you can focus on other aspects of your business.

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    Topics: Vendor Managed Inventory, inventory management