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Vendor-Managed Inventory
Put your inventory management in our hands
From stock-level maintenance and forecasting to shipping and warehousing, the time and money spent on inventory management can be significant. Smith’s VMI services alleviate the burdens of inventory ownership, boost your operational efficiency, and help keep you focused on your core business.
How We Help
Reduce total cost of inventory ownership
Secure product availability across regions
Decrease the effects of market volatility
Hub inventory for use at multiple sites
Schedule just-in-time delivery
Ensure stringent inspection and testing
Gain visibility into your global inventory
What We Do
Smith’s VMI services let you turn over the responsibilities of inventory management to us.
Ownership
Smith offers multiple models for inventory ownership and can manage both customer-owned and Smith-owned inventory. We will customize a VMI workflow for your solution that is unique to your needs.
Warehousing
Smith’s VMI programs utilize our warehousing space, so you can eliminate the warehouse-personnel costs once associated with managing your inventory. Smith’s shipping and logistics hubs occupy ESD-, climate-, and temperature-controlled warehouse space so that your inventory will be stored properly and remain uncompromised.
Centralization
Smith can act as a central hubbing location, managing requests from multiple sites. Our online tools provide a centralized portal for visibility of your inventory, so you always know the status of your shipments and what is on-hand.
Replenishment
We carefully monitor and manage replenishments of inventories to your specifications. Global visibility into program activity and inventory levels allows us to balance surpluses and high demand across geographies.
Forecasting
Smith can act as your forecasting partner, supported by our proprietary software for supply chain management and inventory planning. Customer, performance, and market reviews provide visibility into the movement, cost, value, and projected usage of your inventory.
Rely on Smith as a central hubbing location to manage requests from all of your sites. We can plan, monitor, maintain, and replenish your inventory levels to your specifications.
Learn how Smith’s vendor managed inventory program helped our client control the availability and flow of critical commodity parts accurately.
The client removed uncertainty regarding inventory demand, pricing, availability, and status. Smith efficiently managed inventory through warehouse consolidation and geographic staging.
Certifications and Affiliations
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CTPAT®
Smith meets U.S. Customs and Border Protection security standards and helps customers avoid delays that slow product delivery.
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CCCI-102 Level 1 and Level 2
Our quality inspectors’ CCCI-102 certification expands upon the anti-counterfeit standards contained in Smith’s CCAP-101 certification and helps to safeguard the global supply chain from inauthentic components.
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Schedule a call with a Smith specialist:
Hear From Our People
Our goal is to simplify inventory management for our customers. Smith’s supplier-managed inventory-management programs are fully customizable, with IT customizations and global warehousing solutions.
Smith Insights in Vendor-Managed Inventory
Dec 18, 2024
Meet Smith at CES 2025 in Las Vegas
Representatives will meet with global partners to share market insights and discuss the company’s...
Dec 11, 2024
Interview With Todd Snow: Existing Solutions for Excess Inventory
During electronica Munich 2024, Todd Snow, Vice President of Global Purchasing at Smith, s...
Nov 07, 2024
Smith Secures Automotive Award at IIC Shenzhen 2024
The company was recognized for its demonstration of superior business management and customer sat...
Related Services
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Lower overhead costs in the procurement process by reducing your number of noncritical suppliers.
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