Leveraging a Vendor Managed Inventory (VMI) System to Drive Consumable Management Decisions & Prioritize Spend
Time: 1:30 pm
day: Day One - Track C - Afternoon
Details:
- Recognizing the limitations of a historical kanban inventory ordering system
- Identifying the need to implement two parallel inventory management models to create flexibility, inform procurement decisions, and prioritize spend: point of use and functional/forecasted
- Implementing a semi-automated Vendor Managed Inventory software
- Utilizing metrics and velocity information to make data-driven decisions regarding stocked inventory and spend
