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Vendor Managed Inventory

Monitor, replenish and optimize inventory with MaxQ’s Vendor Managed Inventory module.  This MaxQ module provides suppliers with competitive advantage enabling consistent order processing, providing comprehensive data analysis, and the ability to offer customers a value added service.
Vendor Managed Inventory (VMI) allows suppliers to take ownership of  inventory replenishment decisions for their customers. This is also known as Efficient Customer Response (ECR), Just-In-Time Distribution (JIT), or Quick Response.

 

Using our VMI module the process begins when Microsoft Dynamics SL receives the EDI 852 Product Data Activity transaction.  This EDI document contains product usage and stock level details from the customer.  Our module creates suggested replenishment orders and once approved by the user, notifies the customer of the new sales order via an EDI 855 Purchase Order Acknowledgment transaction.   Once the shipment is processed, our module sends the EDI 856 Advance Ship Notice transaction to the customer per their requirements.

 

Additionally, this module supports consolidated invoices for customers that require one invoice for multiple orders.
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Features and Functionality

  • Controls managed and/or consigned inventory according to predetermined quantity and site levels

  • Supports EDI 852 Product Data Activity, 855 Purchase Order Acknowledgement, and 856 Advance Ship Notice docuements

  • Produces suggested inventory replenishment models per facility that can be released or modified as needed

  • Recommends firm or in-process replenishments (cancel, reschedule in, reschedule out, surplus)

  • Creates customer-specific EDI Advance Ship Notices quickly and easily

  • User defined billing options per customer and facility level (daily, weekly, bi-weekly, or monthly)

  • Emits Actual vs. Budget tracking

  • Additional control of Management Fees in addition to billable transactions

  • Supports Flexible Replenishment Methods including multiple variable safety stock calculations