Oracle Collaborative Planning (CP) is part of Advanced Planning Suite (APS), just like ASCP, Demantra etc.
Helps you collaborate securely with your trading partners, reduce planning cycle time, and identify and react quickly to supply chain exceptions. Oracle Collaborative Planning enables you to increase forecast accuracy, implement vendor managed and consigned inventory processes, increase global supply visibility, reduce supply shortages, and lower expediting cost.
Vendor Managed Inventory (VMI)
Vendor Managed Inventory (VMI) is a streamlined approach to inventory management and order fulfillment. Instead of sending purchase orders, customers electronically send daily demand information to the supplier. The supplier generates replenishment orders for the customer based on this demand information. The process is guided by mutually agreed upon objectives for the customer's inventory levels, fill rates, and transaction costs.
In the transformation from a 'push' approach to supply chain management to a demand-driven 'pull' approach, unfiltered demand signals are a critical element. VMI provides those signals.
Vendor Managed Inventory with suppliers (supplier-facing VMI) enables you to share on-hand, supplies, and forecast information with suppliers, transfer replenishment responsibility to suppliers, and automate replenishment processes.
1 comments:
vendor managed inventory system is one of the best solutions
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