Retailers and distributors that share key insights into consumer preferences buying behaviors will successfully streamline their supply chains, improving stock availability and reducing operational costs. Moving from a normal Vendor Managed Inventory (VMI) approach to a more advanced collaboration process will deliver even greater benefits.
Find out how Vendor Assisted Inventory Management (VAIM) ensures the following:
- Distributors have greater visibility into consumer data
- Retailers play an active role in determining what the product assortments should be on their store shelves
- Both achieve higher sales, reduced markdowns and better customer service