Vendor Managed Inventory - VMI

Many manufacturing companies in the process industry are optimizing their supply chain by using vendor managed inventory (VMI) programs, sometimes referred to as continuous replenishment. VMI is exactly what is implies, a supplier has access to the customers inventory data and is responsible for maintaining the required inventory desired by the customer. This activity can be accomplished by the vendor conducting regularly scheduled reviews of on-site inventory, or increasingly in the process industry by remote monitoring of storage tanks. If on site reviews of inventory are required, a good supplier will count stock, remove damaged or outdated goods, and restock inventory to predefined levels. The vendor obtains a receipt from the customer and subsequently invoices the customer.

Please be advised that effective 1 September 2007 Synchronous will transform our service offering to providing industry and operational excellence concepts and advice, but we will no longer provide on-site consultations or engage new clients. Current customers can continue to expect the same fully dedicated support and advice, but on limited hours of availability as we have already communicated to designated company contacts - usually the project manager. Thanks to all of our loyal and dedicated clients, who have allowed and honored us to be part of their transformation efforts...