Warning: array_keys() expects parameter 1 to be array, boolean given in D:\home\g2printing.com\wwwroot\wp-content\plugins\js_composer\include\classes\core\access\class-vc-current-user-access-controller.php on line 36

Warning: array_intersect(): Argument #2 is not an array in D:\home\g2printing.com\wwwroot\wp-content\plugins\js_composer\include\classes\core\access\class-vc-current-user-access-controller.php on line 36

Warning: reset() expects parameter 1 to be array, null given in D:\home\g2printing.com\wwwroot\wp-content\plugins\js_composer\include\classes\core\access\class-vc-current-user-access-controller.php on line 37

Warning: array_keys() expects parameter 1 to be array, boolean given in D:\home\g2printing.com\wwwroot\wp-content\plugins\js_composer\include\classes\core\access\class-vc-current-user-access-controller.php on line 36

Warning: array_intersect(): Argument #2 is not an array in D:\home\g2printing.com\wwwroot\wp-content\plugins\js_composer\include\classes\core\access\class-vc-current-user-access-controller.php on line 36

Warning: reset() expects parameter 1 to be array, null given in D:\home\g2printing.com\wwwroot\wp-content\plugins\js_composer\include\classes\core\access\class-vc-current-user-access-controller.php on line 37

Warning: array_keys() expects parameter 1 to be array, boolean given in D:\home\g2printing.com\wwwroot\wp-content\plugins\js_composer\include\classes\core\access\class-vc-current-user-access-controller.php on line 36

Warning: array_intersect(): Argument #2 is not an array in D:\home\g2printing.com\wwwroot\wp-content\plugins\js_composer\include\classes\core\access\class-vc-current-user-access-controller.php on line 36

Warning: reset() expects parameter 1 to be array, null given in D:\home\g2printing.com\wwwroot\wp-content\plugins\js_composer\include\classes\core\access\class-vc-current-user-access-controller.php on line 37

Warning: Invalid argument supplied for foreach() in D:\home\g2printing.com\wwwroot\wp-content\plugins\js_composer\js_composer.php on line 556
Folding Cartons and Labels: Vendor Managed Inventory (VMI) - G2
  • Portfolio
  • About
  • Products
  • Industries
  • Quality
  • Blog
  • Contact
  • FR
FR
  • Portfolio
  • About
  • Products
  • Industries
  • Quality
  • Blog
  • Contact
2 MIN READ

Folding Cartons and Labels: Vendor Managed Inventory (VMI)

September 11, 2018
-
Blog

Vendor Managed Inventory, or VMI, is a process where the vendor creates orders based on demand information that they receive from their customer. The goal of VMI is to provide a mutually beneficial relationship where both sides will be able to more smoothly and accurately control the availability and flow of goods.

The benefits of a VMI system may include better inventory accuracy, forecasting, and service, though it can present challenges in communication, cultural resistance and setting clear lines of responsibility.

Other benefits include:

  • Enhanced visibility for vendor
  • Reduced costs throughout the supply chain
  • Reduced order lead times
  • Reduced inventory throughout the supply chain
  • Elimination of stock outs
  • Simplified planning processes
  • Elimination of purchasing administration costs and errors
  • Lower order volatility
  • Managed risk

In order to make VMI work, we need to clarify, first the expectations. Second, vendors and customers need to agree on how to share information. The customer should be willing to share production schedules and/or forecasts to provide some visibility for the supplier. And finally, keep communication channels open. Once a VMI program has been activated, each side needs to understand that there are going to be some miscues. These miscues need to be studied as opportunities for learning and then used to avoid repetitive problems in the future.

Our Folding Carton Divisions, Stuart Packaging and G2 Printing, have spent almost 30 years designing VMI programs for our pharma and cosmetic clients. Through our Vendor Managed Inventory program, we can help handle all your folding carton, label and insert needs. Our VMI program will take the stress out of your packaging supply chain and will provide all parties with the needed visibility.  We will replenish your inventory seamlessly and on demand.

Please contact us (pack@supremex.com) to discuss your particular needs and we welcome the opportunity to show you how we are implementing VMI systems for our largest customers (over 100 different carton SKUs).

← PREVIOUS POST
Let your fingers do the talking: Braille on Folding Cartons
NEXT POST →
Direct offset printing on N-Flute (Micro-flute)

Related News

Other posts that you should not miss.

Let your fingers do the talking: Braille on Folding Cartons

August 29, 2018

The movement towards universal inclusion of Braille on pharmaceutical packaging in Europe and North America is clearly under way. Each country has …

Read More →
Blog
1 MIN READ

Meeting the Challenges of Cosmetics and Beauty Folding Cartons

February 26, 2019

The cosmetic and beauty industry is flourishing like ever before, with countless new cosmetic products making it onto the retail shelves every …

Read More →
Blog
3 MIN READ

GMI CERTIFICATION: OUR COMMITMENT TO THE HIGHEST QUALITY STANDARDS

June 27, 2018

G2 Printing, a subsidiary of SupremeX Inc, a leading manufacturer of folding carton, inserts and labels for pharma, CPG and food companies, …

Read More →
Blog
1 MIN READ

Let’s get started!

Get in touch with us to get a quote

Contact Us!

G2 PRINTING

TOLL FREE 1-844-450-8282

3259 Jules Brillant,
Laval (Quebec)
Canada H7P 6C9

T. 450.973.8282
F. 450.973.9011
g2@g2printing.com

  • Portfolio
  • About
  • Products
  • Industries
  • Quality
  • Contact
Folding Cartons and Labels: Vendor Managed Inventory (VMI) - G2