The use of Vendor Management (VMI) has gained acceptance in many industries. What began as an experiment has now become the preferred way of doing business.
What is vendor Management?
- It is a customer-specific means of optimising supply chain performance in which a preferred supplier is responsible for maintaining the client’s inventory levels
- VMI effectively consolidates the number of vendors an organisation has to deal with, reducing costs through streamlined processes and buying power
- Vendor Management means that CRG is responsible for generating purchase orders and providing comprehensive inventory data to client on a quarterly basis
- With VMI, CRG is also responsible for sourcing new/substitute products and stocking the client’s warehouse shelves
CRG can add value to your business through offering a Vendor Management Scheme. This will be by delivering unparalleled excellence in the following 4 key areas:
- Expertise – Over 37 years of experience in contamination control solutions, material logistics, and support services
- Technology – Tools that provide sophisticated solutions for inventory control, inventory management, forecasting and more
- Processes – Proficiency in business process analysis
- Buying Power – Continued savings through economies of scale
For further information on Vendor Management contact CRG Customer Service on Ph: 02 8437 4600.