Vendor
managed inventory services reduce inventory and improve
cash flow by delaying ownership of inventory.
Under
pressure to reduce inventory and speed cash flow, many manufacturers
are working with suppliers on vendor managed inventory programs,
which postpone the transfer of ownership to the manufacturer
until the product is required for production. Wills
works with both manufacturers
such as 3M and suppliers such as Norampac, Smurfit-MBI
Inc. and Wausau Paper Corporation to coordinate reliable
replenishment to the manufacturing line.
We
have developed proven, systems-supported processes for VMI
that manage purchase orders against available inventory
and alert the supplier of manufacturer orders to trigger
invoices. Detailed reports are available to help both manufacturers
and suppliers examine trends and assure an adequate supply
of inventory.
Manufacturers
benefit from reduced inventory and a faster cash-to-cash
cycle. Suppliers benefit from our ability to cost-effectively
store product close to their Eastern Ontario customers.
Contact
us for more information on vendor managed inventory
or other Wills services.
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