Champion Laboratories, Albion, Ill., has begun offering product ordering, inventory management and tracking services to its customers through a Vendor Managed Inventory (VMI) platform.


VMI is a streamlined approach to inventory management and order fulfillment that uses increased collaboration between suppliers and their customers to enhance the traditional ordering process. Instead of sending purchase orders, customers electronically send daily sales and demand information that generates replenishment orders for the customer based on the sales and demand activity.

Fewer "stock outs" and more inventory turns are two realized benefits that are achieved through the VMI system. This new process also allows Champion Laboratories to make any necessary modifications in its production planning.

More info: www.champlabs.com
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