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Generix Collaborative Replenishment

GCR: Driving trusted collaborative replenishment in one place

GCR is a collaborative supply management system that helps manufacturers manage their customers’ inventory anywhere in the world.

Accuracy

Drive end-to-end replenishment process on any data with one single source of truth for higher accuracy.

Sustainability

Get optimized replenishment recommendations for highest customer service & lowest environmental impact.

Time-to-Value

Quickly equip any business user anywhere in the world with an automated solution.

GCR to address the new normal of FMCG retailers

Lowest cost-to-serve based on the reduction of risk related to shortages and overstock, is a high value service requested to key suppliers.

Consumer expectations are definitely shifting toward new consumption patterns including sustainability requirements (waste reduction).

When cost pressure increases, every business seeks to reduce inventory while increasing customer service rate and enhancing the stock-to-serve balance.

What is VMI, Vendor Managed Inventory?

VMI involves entrusting the supplier with managing the replenishment of its customers’ inventory, minimizing stock coverage, logistics and transport costs, and maximizing the service rate to stores.

To calculate replenishment requirements and place orders for each customer warehouse, the VMI tool uses daily data on stock levels and consumption for each item.

So, how can GCR help you work better with retailers?

Accurate

With GCR, you drive end-to-end replenishment process on any data with one single source of truth for higher accuracy.

  • Use of customer data for daily monitoring of the trends by product, closely tracking actual demand
  • Customer replenishment based on a combination of downstream information (customer) and upstream information (factory & suppliers)
  • Rigorous and close monitoring of promotional operations and new product launches

Durable

With GCR you get optimized replenishment recommendations for highest customer service & lowest environmental impact.

  • Combats waste by maintaining low stock coverage for customers
  • Nearly 100% of trucks are full, leading to a significant reduction of the number of vehicles on roads
  • Près de 100 % des camions pleins, entraînant une réduction significative du nombre de véhicules sur les routes
  • Activate modal shift initiatives and identify opportunities for shared deliveries

Swift adoption

With GCR you quickly equip any business user anywhere in the world with an automated solution.

  • Full automation of the daily VMI process, from customer data integration to order proposal submission
  • Accelerated user adoption thanks to efficient ergonomics based on +25 years customer feedback
  • Multi-language solution and support, compatible with centralized customer service organization

Capabilities overview

Data Integration

Automatic integration of EDI messages received from partners, ERP connexion for master data, ergonomics to easily and fast manage the integration issues on a daily base.

Need calculation

From most simple to advanced forecast models to calculate product consumption trends, stock cover calculation over the next 2 delivery dates horizon, include missing quantities to consider the store need, consider the logistics units per warehouse to round up the need.

Load optimization

In order to reduce the transport costs, the order proposal issued by GCR can be automatically optimized to reach full truck loads, anticipating on the next order to maintain lower customer stock cover; we also offer an advanced option for pallet layers stacking optimization.

Promotion management

With GCR, you can manage with efficiency the events on your products like promotion or New Product Introduction thanks to automated rules for pre-ordered quantities dispatch and use of similar product historical data.

Expanded capabilities

With the Generix Supply Chain Execution portfolio:

Generix WMS

Drive operational efficiency across warehouse activities

Generix YMS

Optimize and organize your yard operations

Generix RMS

Optimize workforce management across your warehouse

Tap into a high-performing partner ecosystem

Unlock operational efficiency across your physical and critical workflows. Benefit from our best-of-breed SaaS solutions and expertise, backed by high-performance partners and seamless implementation and advisory support for your business journey.

Learn more about Generix’s vendor managed inventory software

Have time to chat right now?

Give us a call 1 855 938-4562

Frequently Asked Questions

How does Vendor Managed Inventory for stock supply management work?

  1. Demand planning: Use shared inventory software to anticipate quantity and deadline requirements for product availability.
  2. Supplier identification: Select reliable suppliers for high-quality, on-time deliveries.
  3. Order placement: Use order management software for accurate ordering based on forecasts and stock levels.
  4. Stock replenishment: Monitor and trigger orders when stock levels reach predefined thresholds.
  5. Collaboration with suppliers: Build strong relationships for effective communication, negotiation, and timely deliveries.
  6. Tracking and analysis: Monitor performance and analyze data to identify trends and improvement opportunities.

Why use Vendor Managed Inventory software?

Vendor Managed Inventory software streamlines needs assessment, supplier analysis, order management, and cost tracking. It centralizes purchasing data, optimizes processes, and enables informed decisions.

How does Vendor Managed Inventory software contribute to improving the logistics chain?

Vendor Managed Inventory software provides increased visibility into goods flow and enables effective coordination between suppliers, production, and distribution. It facilitates inventory management, delivery tracking, and production planning.

What is vendor managed inventory (VMI)?

Vendor managed inventory (VMI) is a supply chain practice where the supplier assumes responsibility for managing a customer’s inventory levels. This approach allows for more efficient stock management, as suppliers can monitor inventory levels in real-time and replenish products as needed. Generix’s VMI software facilitates this process by providing advanced tools for inventory monitoring, forecasting, and replenishment, improving supply chain efficiency and reducing stockouts.

How does VMI software benefit businesses?

VMI software benefits businesses by enhancing inventory accuracy, reducing stockouts and overstocks, and improving supplier-customer relationships. It enables better demand forecasting and inventory optimization, leading to cost savings and more efficient supply chain operations. Generix’s VMI software streamlines these processes, offering a more responsive and adaptive inventory management approach.

Can vendor managed inventory systems integrate with other supply chain software?

Yes, Generix’s vendor managed inventory systems can seamlessly integrate with other supply chain software, including ERP systems and logistics platforms. This integration facilitates a unified approach to supply chain management, improving data accuracy and operational efficiency across the board.

Is VMI suitable for all types of industries?

Vendor managed inventory is versatile and can be adapted to various industries, from retail to manufacturing. Generix’s VMI software is customizable to meet the specific needs of different industry sectors, ensuring that businesses of all types can benefit from improved inventory management.

What are the key features of Generix’s VMI software?

Key features of Generix’s VMI software include real-time inventory visibility, automated replenishment, demand forecasting, and detailed reporting and analytics. These features collectively enable effective inventory management, ensuring that stock levels are maintained optimally to meet customer demands while minimizing excess inventory.

How does vendor managed inventory software impact supplier-customer relationships?

Vendor managed inventory software positively impacts supplier-customer relationships by fostering collaboration and trust. It allows suppliers to take a proactive role in managing inventory, leading to more efficient operations and reduced stockouts. This collaborative approach enhances communication, aligns goals, and builds a stronger, more reliable partnership, ultimately benefiting both parties in terms of service quality and operational efficiency.