Vendor Managed Inventory (VMI) Workflow

Streamline your supply chain with our comprehensive Vendor Managed Inventory (VMI) Workflow. Learn how to optimize stock levels, reduce replenishment delays, and strengthen supplier partnerships through automated monitoring and collaborative restocking processes. Master the art of proactive inventory control to minimize overhead and prevent stockouts.

Diese Vorlage wurde 2 Mal installiert.

Start
1. Fetch Vendor Master Data
2. Fetch Current Stock Levels
3. Calculate Total Stock Value
4. Calculate Reorder Point
5. Update Stock Status
6. Create Replenishment Order
7. Assign Vendor Review Task
8. Notify Vendor of Replenishment
9. Warehouse Receiving Task
10. Update Order Status to 'In Transit'
11. Fetch Received Goods Data
12. Calculate Variance
13. Discrepancy Alert
14. Update Inventory Levels
15. Generate Monthly VMI Performance Report
Ende

Start des Workflows/Prozesses.

Retrieve vendor profiles and their specific service level agreements (SLAs) from the Vendor Data Model.

Retrieve existing inventory quantities from the Inventory Data Model for all items under VMI.

Sum the value of all items currently in stock to determine total capital tied up in VMI.

Execute formula (Average Daily Usage * Lead Time) + Safety Stock to determine if replenishment is needed.

Update the 'Status' field in the Inventory Data Model to 'Low Stock' when thresholds are breached.

Create a new entry in the Purchase Order Data Model for the required quantities.

Create a task for the Vendor Representative to review and confirm the replenishment quantities.

Send an automated email to the vendor contact with the details of the new replenishment order.

Create a task for the Warehouse Manager to prepare for incoming stock arrival.

Update the Purchase Order entry status once the vendor confirms dispatch.

Retrieve data from the Goods Receipt entries to verify quantities against the order.

Compare 'Ordered Quantity' vs 'Received Quantity' to identify discrepancies.

Send an email to the Procurement Manager if the variance exceeds the allowed tolerance.

Increase the quantity in the Inventory Data Model following a successful goods receipt.

Create a report summarizing stockouts, order accuracy, and vendor compliance for the month.

Ende des Arbeitsablaufs/Prozesses.

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