How exactly does the Vendor Managed Inventory module work?
With the VMI module in Itsperfect, you (as a brand) manage the stocks in the store yourself. Like it's your own store. You make fixed agreements with the retailer about the price and the minimum stock of each item in the store. The retailer ensures that the sales data is sent via EDI, or manually via Excel. Based on this sales data, the numbers of items are automatically supplemented to the agreed minimum stock. As a brand, you have continuous insight into sales and current stock levels in the stores. And as a retailer it reduces the chance that you have to sell 'no'.
The advantages of VMI at a glance
- Insight into the sales of your collection per store
- Automatic new sales orders
- Despite less presale, there is still commitment from retailers
- Better respond to best running items per location
- Increase in turnover for brand and retailer
Curious about how you can maximize the sales of your collection in stores? Please contact Rob van Lieverloo via +31 85 016 0175 or sales@itsperfect.io