What Is a VMI Program?
A Vendor Managed Inventory (VMI) program is a system where we manage and track your label inventory for you. By analyzing your forecasts, on-hand inventory, and historical data, we determine the optimal order quantities to minimize overstock. Our statistical and data-driven approach to VMI integrates with your supply chain so that we store your labels in strategically located facilities and distribute them as needed across North America. This approach enables just-in-time delivery and reduces your burden of managing a large inventory.
Economic Order Quantities
Economic Order Quantities (EOQ) help you achieve the most cost-effective production runs. By leveraging Inovar’s historic data and expertise, we calculate the ideal order quantities to maximize efficiency and pass on savings to you. This minimizes obsolescence and helps ensure you always have the right amount of labels when you need them.
WHY CHOOSE INOVAR FOR VENDOR-MANAGED INVENTORY?
Inovar’s VMI programs offer numerous benefits to streamline your label management:
Optimized Inventory Levels
Reduce the burden of storing and managing large quantities of labels. Our system ensures you only hold what you need.
Cost Savings
Benefit from high-volume production pricing while maintaining low inventory costs.
Real-Time Tracking
Our customer portal provides real-time visibility into your inventory levels, order status, and production data.
Dependable Delivery
Enjoy consistent, just-in-time delivery of labels, ensuring you never run out of stock.
Supports Sustainability
Minimize waste and maximize efficiency across the board with more cost-effective production runs and production on demand.
VMI PROGRAM FAQS
What is Inovar’s VMI (Vendor Managed Inventory) program?
Inovar’s VMI program is a system where we manage and optimize your label inventory for you. By analyzing your forecasts, usage data, and historical order patterns, we determine the most efficient production and stocking levels to reduce overstock and obsolescence.
How does Inovar decide how much inventory to produce and store?
We use a data-driven, statistical approach. By combining your on-hand inventory, forecasts, and historical demand, we calculate your Economic Order Quantity (EOQ); the optimal run size that balances production efficiency with inventory costs.
Where are the labels stored under the VMI program?
Inovar stores your inventory in strategically located warehouses across North America, so we can deliver on a just-in-time basis and minimize lead times.
What are the benefits of using a VMI program with Inovar?
Some key benefits include:
- Optimized inventory levels, you don’t have to overstock.
- Cost savings, combining high-volume production with lower inventory carrying costs.
- Real-time visibility, access to your inventory, order status, and production data through Inovar’s customer portal.
- More reliable delivery, just-in-time restocking ensures you never run too low.
- Sustainability support, more efficient production and reduced waste.
How does Inovar support on demand or just in time delivery?
Because your inventory is stored in our network of warehouses, Inovar can ship labels to you as needed, reducing lead times and helping ensure you have the right inventory at the right time.
Is it possible to track my label inventory and usage?
Yes. Inovar’s customer portal lets you monitor real-time inventory levels, production status, and orders across your SKUs.
How does VMI help with sustainability goals?
With VMI, Inovar can produce in larger, optimized runs and minimize overproduction. That reduces waste and lowers the environmental impact compared to frequent, smaller orders.
Which types of companies benefit most from a VMI program?
VMI is especially beneficial for customers who:
- Have a high number of SKUs
- Manufacture in multiple facilities or distribute nationally
- Want to reduce the burden of managing large label inventories
How do I get started with Inovar’s VMI program?
Get in touch with your Inovar representative or contact the Inovar team to discuss your labeling volumes, forecasts, inventory current states, and how VMI could be set up to support your operations.
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Waco Bottling
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