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Services
VMI
Vendor Managed Inventory
What is VMI ?
Vendor Managed Inventory (VMI) is a streamlined approach to inventory management and order fulfillment. VMI involves collaboration between suppliers and their customers ,which changes the traditional ordering process.
The goal of VMI is to align business objectives and streamline supply chain operations for both suppliers and their customers. The business value is a direct result of increased information flow:
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Improved Inventory Turns
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Improved Service
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Increased Sales
DID YOU KNOW?
We also provide different consignment inventory) services. Ask us!
VAVE
Value Analysis (VA)
and Value Engineering
Value Engineering (VE)
The focus is on reducing costs, improving function or both, by way of teamwork-based product evaluation and analysis.
This is understandable when you consider the design of any product determines many factors, such as tooling, plant and equipment, labour and skills, training costs, materials, shipping, installation, maintenance, as well as decommissioning and recycle costs.
Value Analysis exercises use a plan which step-by-step, methodically evaluates the product in a range of areas. These include costs, function, alternative components and design aspects such as ease of manufacture and assembly.
A significant part of VA is a technique called Functional Analysis, where the product is broken down and reviewed as a number of assemblies. Here, the function is identified and defined for each product assembly.
Costs are also assigned to each one. This is assisted by designing and viewing products as assemblies (or modules). As with VE, VA is a group activity that involves brainstorming improvements and alternatives to improve the value of the product, particular to our customer.
We also provide VAVE Support services. Ask us!