What is Vendor Managed Inventory?

Vendor Managed Inventory (VMI) by Park City Group is a great way to manage your relationships with retailers and ensure that your inventory levels are always at optimal levels. Our demand forecasting software will help you manage your trading relationships and improve customer service at the store level.

With inventory forecasting software from Park City Group, you’ll be able to:

  • Manage and maintain forecasts
  • Analyze or handle forecasts or inventory exceptions
  • Maintain forecasts and inventory parameters set by trading partners
  • Interface with trading partners regarding new products and promotions
  • Prepare various performance reports and respond to problems in real time
  • Perform timely order maintenance

This type of demand forecasting analysis will give you new insights into your trading relationships and help you streamline your operations. Having access to this valuable data will help you reduce inventory, lead times and out-of-stocks – all while improving your vendor relationships.

By having an in-depth understanding of what demand looks like at the store-level, you’ll be able to better meet the individual needs of each of your trading partners. Our software is pre-mapped by partner so that you can automatically generate orders, set inventory policies at the retailer’s distribution center, accurately monitor inventory levels and much more.

Park City Group is a leader in retail forecasting solutions. Ready to get started? Please contact us for more information.

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