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Vendor Managed Inventory

In our work with leading companies in the bio and pharma industry, we’ve noticed a recent trend to introduce Vendor Managed Inventory (VMI) into QC, engineering and production operations.

This is where a single vendor manages all the selected inventory for a client, and replenishes stock – often at the point of use – just before it is needed.

Benefits to the client include:

• Significant reduction in inventory spend and tied-up working capital
• Freeing up of staff (e.g. lab analysts) to work on core functions
• Assurance of business continuity due to no stockouts

To support this, we run a service line to introduce VMI into client companies. In this we:

• Provide a hassle-free, plug and play product

o Quick and easy implementation
o Based around a comprehensive ‘How To’ guide
o Fast payback in terms of cost reduction & productivity gains

• Act as an independent, honest broker who;

o Represents the client, including negotiating with vendors
o Provides a balanced view on getting the best from vendors
o Provides coaching and know-how through the entire process

• Leverage our extensive experience in the bio and pharma industry

For more information, please contact: David Bain, david.bain@bioandpharma.com