We are experiencing one of the strongest economies in a generation, benefiting companies of all sizes and industries. It’s an exciting time for growth and innovation, especially in the flexographic printing sector, which continues to expand and create more opportunities. While economic strength is a huge factor, at Anderson & Vreeland, we know that our success is deeply tied to meeting your needs as a printer and helping you thrive.
As North America’s leading distributor of flexographic printing supplies and products, we’re always investing in new technologies to ensure you receive the most reliable and innovative solutions available. One of the most exciting advancements is our Intelligent Vendor Managed Inventory (AVMI) system.
The Value of Intelligence in Inventory Management
Among the most exciting technologies we’ve introduced is Intelligent Vendor Managed Inventory (AVMI), a cutting-edge system designed to streamline your supply chain and ensure you always have the materials you need exactly when you need them. This innovative approach goes beyond traditional inventory management, offering smart solutions that automatically track and replenish supplies based on real-time data.
At its core, AVMI leverages RFID technology, allowing special cabinets to read and monitor RFID-tagged products in your inventory. But unlike standard VMI, our Intelligent Vendor Managed Inventory system doesn’t stop at simply tracking stock levels. It takes inventory management to the next level by analyzing usage patterns and automating orders in the most efficient and cost-effective way possible.
How Intelligent Vendor Managed Inventory Works
Imagine you usually order eight rolls of quarter-inch tape at a time. With Intelligent Vendor Managed Inventory, when the last roll is removed from the RFID-enabled cabinet, the system automatically triggers a PO for your approval, ensuring a fresh supply of tape is on its way with just one click. However, what makes it truly “intelligent”, is its ability to assess your usage patterns and optimize the order process.
For example, AVMI will recognize when your demand for a certain product has increased or decreased, allowing you to adjust the quantity in future orders to match your actual needs. This prevents overstocking, reducing the amount of capital tied up in inventory while ensuring you never run out of essential supplies. By combining real-time data with predictive analytics, Intelligent Vendor Managed Inventory optimizes your inventory management and keeps your operations running smoothly.
Anticipating Your Needs
Intelligent Vendor Managed Inventory doesn’t just react to stock levels—it anticipates your needs. Let’s say that the last roll of quarter-inch tape was removed from your cabinet, and based on your company’s usage data, the system notices you’re also running low on plate material. AVMI can combine both orders, saving on shipping costs, reducing your carbon footprint, and ensuring you have everything you need in one efficient delivery.
The system can also analyze trends over time, suggesting changes to your stocking levels or identifying when you might need to reorder other materials based on your production cycles. This level of intelligence keeps your business running without interruption and ensures you’re always prepared for upcoming jobs.
Customizing Inventory Management with AVMI
Intelligent Vendor Managed Inventory isn’t just a one-size-fits-all solution. It can be tailored to your unique business needs. For instance, AVMI can create virtual service points where you can customize replenishment schedules, manage inventory for specific projects, or even design a stocking program based on a particular contract.
In addition to improving supply chain efficiency, AVMI reduces administrative work by automating ordering, invoicing, and purchase order management. This eliminates human errors and cuts down on the time spent managing stock, freeing up your team to focus on more important tasks.
Building Stronger Partnerships Through Intelligent Vendor Managed Inventory
At Anderson & Vreeland, we believe that Intelligent Vendor Managed Inventory fosters stronger partnerships between us and our customers. By streamlining your inventory process and ensuring consistent product availability, AVMI helps us better understand your business and provide personalized recommendations to enhance your operations.
In a fast-paced economy, keeping up with change is critical, and the success of any flexographic printer depends on reliability, product quality, and operational efficiency. Intelligent Vendor Managed Inventory is a testament to our commitment to being a trusted partner in your success, helping you manage your inventory with ease and precision.
Final Thoughts
As the printing industry evolves, innovative solutions like Intelligent Vendor Managed Inventory will continue to drive efficiency and improve business operations. By implementing this intelligent system, you can optimize your inventory management, reduce costs, and ensure that your supply chain is always one step ahead.
For more information on how Intelligent Vendor Managed Inventory can enhance your business, visit our website or contact us today to discuss a customized solution tailored to your specific needs.
