VMI (Vendor Managed Inventory)
The aim of implementing web VMI
The main reason for implementing web VMI is to enable Novozymes to achieve electronic business transactions with suppliers of bulk and palletized goods where this is economically attractive for both the supplier and Novozymes. In doing so Novozymes and the supplier can realize all the possible cost savings related to automating business processes on a broad scale.
When using web-based services, the supplier does not need to make major investment in software or hardware, and only needs a computer with web access and a password.
By automating the business processes related to suppliers, Novozymes and our suppliers will be able to realize a range of benefits. The web VMI provides Novozymes with the tools necessary to obtain these benefits by ensuring a large number of connected suppliers and a substantial number of electronic business transactions.