Proven Expertise in Developing and ImplementingStreamlined Vendor Managed Solutions

TVS SCS’s Vendor Managed Inventory solution provides a collaborative approach between the supplier and the manufacturer to optimise the inventory management and fulfillment process. With this process, you are able to sync data, processes, and business objectives into one solution that optimises the supply chain for all stakeholders.

Running out of stock when you need whether it is a component required on your assembly line or a product that your customer requests, can lead to increased costs and poor customer satisfaction.

Utilising a Vendor Managed Inventory solution removes the responsibility from the manufacturer to maintaining inventory levels, managing lead times, and cutting purchase orders. This is now under the control of the logistics provider,  to maintain the inventory levels, adjust inventory based on demand while also identifying gaps in the supply chain. Developing a collaborative solution provides each stakeholder with increased transparency and visibility into the operation, creating a streamlined data source to forecast more accurately and efficiently. Providing transparent data for all stakeholders reduces the chances of stock-outs occurring, leading to increased profitability and throughput for the manufacturer.

By switching the purchase order responsibility from the manufacturer to the logistics provider, you are able to optimise and develop a more accurate solution by combining and analysing the data from both the manufacturer and supplier. This allows the customer to realise lower purchasing costs due to them no longer having to spend nonvalue added time analysing data, developing, and sending purchase orders to the supplier; this is now the responsibility of the Logistics provider.

In addition, to reduce costs throughout the purchasing process, customers are also able to realise warehouse cost savings by reducing the amount of inventory on-hand and optimising space utilisation throughout the warehouse.

Designing and implementing an optimised Vendor Managed Inventory solution is beneficial to all elements of the supply chain from supplier to end customer, ensuring each stakeholder receives the correct product when they need it. Improving product availability creates a more streamlined supply chain and increasing profitability.

    Connect With Us



    I would like to receive all TVS SCS communications

    • Miles Moved

    • Continents

    • Customers Served

    • Revenue etc

    The benefits of choosing TVS SCS for this service:

    • Visibility - Real-time data transparency.
    • Space - Optimise space utilisation by reducing the amount of on-hand inventory.
    • Costs - Minimise stagnant stock leading to increased cash flow for the customer.
    • Accuracy - Combine and analyse the data to develop more accurate predictions.
    • Streamlined - Streamline your processes as the logistics provider takes control of managing inventory levels, lead times, and purchase orders.
    • Customer Satisfaction - Increase customer satisfaction by ensuring that your customers receive the right product at the right time.

    Why TVS SCS?

    100 Years Of Excellence In Trading And Technology

    Pivotal Supply Chain Solutions To Top Companies In The World

    Warehouse Space, Labour & Technology Anywhere It’s Needed

    Customised Solutions With AI Integrations And Machine Learning

    FAQs

    TVS’ Vendor Managed Inventory solution provides a collaborative approach between the supplier and manufacturer to enable optimised inventory management and fulfilment process. Typically, a Vendor Managed Inventory solution involves moving the responsibility of maintaining inventory levels, managing lead times, and cutting purchase orders from the manufacturer to a logistics provider. This develops a more streamlined process assisting in identifying and resolving supply gaps throughout the supply chain.

    One of the main focuses of a Vendor Managed Inventory Solution is to utilise data-driven analysis to align the inventory requirements of both the customer and the supplier. This minimises costs and wasted space by eliminating stagnate stock from the customers’ supply chain.

    With streamlined inventory requirements, the customer is able to remove unneeded stock from their supply chain, leading to increased cash flow and space utilisation in the warehouse and throughout their supply chain. When implemented correctly, a vendor-managed solution is an effective strategy to develop a leaner supply chain.

    RELATED SERVICES

    Inventory Management

    Accurately forecasting demand to ensure optimum stock levels

    Supply Chain Design And Optimisation

    Our supply chain design and optimisation consultancy service extracts the…

    Material Flow and Warehouse Design

    TVS SCS has proven expertise in designing and implementing optimal…