How does FMCs VMI system add value to a customer?
Security – First and foremost, VMI ensures product is always available when needed. Scheduling efficiency – Deliveries can be scheduled during predetermined hours to minimize customer disruption. Also, the need for emergency orders is essentially eliminated. Savings – VMI reduces transactional burden and correspondingly reduces costs. If consolidated invoicing is implemented, savings are realized on each purchase order eliminated. $200 is commonly considered to be the cost to process a purchase order.
