Vendor Managed Inventory Program

The Vendor is required to provide vendor managed inventory (VMI) program.
- Designed to: improve parts/supplies acquisition levels at its warehouse location; reduce operating expenses through better managed inventory; reduce out of stocks; improve service levels to maintenance; reduce costs associated with procuring parts and supplies; utilize performance metrics to monitor performance improvement; and reduce the administrative burden to obtain parts.
- Supply Chain System Challenges
- The process shall reduce cycle time from receipt of purchase order to delivery
- Digital barcoding technologies may be used to track inventory and improve agency inventory management processes.
- Employ inventory replenishment practices and other supply chain processes that ensure the right parts are received by agency within 24hr to 48hrs of receipt of order.
- Enable advanced reporting that displays real time detailed reporting metrics in the form of a dashboard.
- The capability to procure, analyze and significantly reduce levels of excess/obsolete inventory.
- Provide seamless invoicing, ensuring invoices provide proof of delivery information, usage reports and other documents needed to close out invoices effortlessly.
- Management of inventory levels;
- Monthly purchasing forecasting reports containing: lead times, expected costs, weekly, monthly, and annual breakdowns.