Vendor Managed Inventory (VMI) has emerged as a tool to save money, improve customer service and increase warehouse/distribution center throughput. Southwire’s VMI process, entitled SWIM (Southwire Inventory Management), is enhanced with the latest in Electronic Data Interchange (EDI) and Internet technology. The combination of these components and Southwire’s replenishment system offers a mutually beneficial program for Southwire and its customers.
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SWIM is a means of optimizing Supply Chain performance with key trading partners. Once goals are established. SWIM trading partners grant Southwire inventory data access with the understanding that Southwire will take responsibility for genereating purchase orders based on agreed-to order points. Through EDI, XML or WEB transactions, Southwire receives electronic data indicating actual usuage, stock levels and any anticpated variance for normal demands. Under this mode, Southwire generates the order and creates the billing while the inventory remains under the control of the trading partner.
SWIM manages all inventory processes:
- Creates Purchase Orders
- Coordinates distribution logistics
- Lowers overall inventory
- Increases replenishment frequency
- Reduces Lead Time
- Supply Chain
SWIM Benefits Include:
- Increased inventory turns
- Accurate inventory levels
- Reduced rush orders
- Improved customer service
- Shipment flexibility
- Reduced inventory cost
SWIM makes inventory management easy for you and helps to reduce your costs. Let us become your electronic partner.
Contact Southwire at 1-800-955-4590, or visit us online at www.southwire.com/ecommerce.
