4 Tips on Implementing a Vendor Managed Inventory

4 Tips on Implementing a Vendor Managed Inventory

3/9/2021 - SPI

Have you ever wondered if there was an easier way or a more efficient approach to managing your inventory?

Perhaps this question has crossed your mind in the past... Either when you were reordering an item you had purchased or when you realized that you had too much inventory sitting around in your warehouse for a while.

If you're having trouble figuring out what products you need and when you need them most, you're not alone.

And whether it’s a lack of time or a lack of resources, unfortunately, it all adds up quickly: time, money, resources, and space can all too often be wasted because of imperfect inventory management.

Re-evaluating your inventory management system can help you achieve corporate goals such as automating your operations, improving productivity, and ensuring the safety of your employees.

What is a Vendor Managed Inventory system?

Vendor Managed Inventory is an approach that consists of entrusting the management of your inventory to a trusted partner.

Generally speaking, the partner sends a representative or expert to your premises to install the management system. However, the system can vary and include barcode labels, vending machines, lockers, and more.

This system then allows your partner to track the amount of inventory used, replenish without worry, provide reports, and automate many internal processes.

What is SafeStock?

SafeStock is our inventory management service that offers a variety of systems and technologies to automate your inventory and supply chain management processes.

Our experts find solutions customized to your needs and adapted to your reality, to maximize your operational efficiency and productivity.  

Learn more about SafeStock

Talk to an expert

The first step is very simple, speak with one of our experts! They will be happy to give you more information about our program and direct you towards a solution that will meet your needs.

Our inventory management system is flexible. We offer our customers many different tools and technologies to ensure that there is something for everyone.

Contact us

Implementing SafeStock is a win-win situation

Implementing an inventory management program is not trivial! Complete or partial automation of your systems cannot be done at once.

Depending on your situation, our experts will offer you the best recommendations for your system.

You can focus on one or more critical aspects, and then add other parts to your management program. By familiarizing yourself with the process on a smaller scale, adding and automating your systems will be much less overwhelming.

This allows you to identify unforeseen issues more easily and realign your focus for the next steps.

Your team is a priority

It’s often suggested to involve your workers. Why should you do this? After all, they are the ones who will be working with the system on a daily basis. In addition, they could have excellent recommendations on what products to include and the configurations and management areas.

Involving the workers also means offering them the opportunity to have a say in those decisions that will impact their work environment.

This will greatly help them to adapt more easily to changes. Make sure they have all the tools and understand the impact of the management program. Fortunately, our system will make their lives much easier!

Let us help you

With over 50 years of health and safety expertise, we are extremely proud to be able to offer you a complete solution. Our experts will guide you through each step of your program and provide you with customized recommendations. Whether it’s improving your processes, ensuring your equipment is compliant, avoiding overstocking, reducing your costs, or managing your tools and their certifications, our experts are there for you. 

Partnering with SPI as your health and safety provider pays off and is safe!

We work together to improve the efficiency and profitability of your employees and your business.

Contact our experts today.

Together, we’ll find and create a solution customized to your business so that you can focus on the important things.

Manage my inventory differently