TESSCO Retail Solutions

Vendor Managed Inventory Done Right

How Can TESSCO's Vendor Managed Inventory Program Help You?

TESSCO's Vendor Managed Inventory (VMI) program will automatically calculate your retail inventory replenishment needs by location and then create orders that optimize your return on investment.

With automatic purchase order creation and auto-delivery of products directly to your retail store or warehouse, you can remain focused on driving sales. The bottom line is: our inventory auto-fulfillment program increases sales, margin and cash flow, and lowers costs—Guaranteed!

Benefits

  • Increases your sales by having the right stock
    Reduces stock-outs since orders are based on customer demand forecasts and handset promotional planning.
  • Increases your cash flow by giving you control of your inventory dollars
    By combining actual sales trends with your set minimum and maximum values you control the return on investment.
  • Increases your margin by reducing obsolete inventory
    Reduce your write-offs and obsolescent markdowns by managing end-of-life product inventory.
  • Eliminates the need for weekly ordering
    Auto-replenishment creates weekly purchase orders automatically.
  • Reduces administrative costs
    No data analysis, accessory inventory decisions or purchase order management.
  • Allows you to focus on handsets
    Maintain your core focus and grow your business.
  • Keeps your store locations organized
    Reduces non-selling inventory and gives you space to display what sells.
  • Provides flexible reporting
    Comprehensive reporting so that results can be easily measured.
  • Simplifies entire procurement process
    Minimal human intervention, maximum attention to detail.

Customer Testimonials 

Wireless Connection

“As Inventory Manager for Wireless Connection, a Verizon Indirect Agent Company, I have more than a full time job. The Tessco VMI team helps our company maintain stock levels on phone accessories and analyzes selling by SKU by door. Their recommendations carry much weight with me whether it is to increase target quantities or to stop replenishment on slowing items. An added bonus is that they are also pleasant and patient in all matters relating to our stock, supply, flow and stock balancing. We have a short conference call every other Tuesday to go over anything pertaining to our business. They are prepared with recommendations which can save me hours of research. I have yet to disagree with any of their recommendations.  Business is tough these days so it is imperative that we capitalize on every sale. The Tessco ARS/VMI Team has delivered everything that was promised regarding this service. My thanks to them.”

Connectivity Source

“I love our Tessco managed inventory through VMI. Our product is always current, our walls are full, and our accessory sales are up! The stock balancing has virtually eliminated our write-offs, and Tessco does a fantastic job of putting together the perfect team to meet our specific needs as a customer.  They’re both reactive and proactive with changes as needed, and move quickly and accurately to adjust our program to keep our sales at the maximum.  Thanks so much for all of your work and your dedication to helping our business run better.”

Red Skye Wireless

“Vendor Managed Inventory (VMI) has been a huge success for Red Skye in allowing us to spend less time running reports and creating PO’s manually.  Everything is automated weekly and ships directly to the stores.  This process alone would take days to complete. Our time can be used focusing on sales and new products. VMI keeps track of each locations weekly sales and populates a Purchase Order for only the inventory needed.  This also eliminates the need of ordering large quantities of accessories to one location and distributing. This means less labor on our end.  VMI also allows us to Stock Balance any inventory that is not sold in 90 days.  This keeps us from writing off thousands of dollars at the end of the year.  Any inventory that was purchased in the last 90 can be sent back to Tessco.  This keeps our stores clean from dead stock.” 

As a supplier, the growth of our business is directly linked to your success. TESSCO's unique VMI enables us to be a partner in ensuring that success.

As a supplier, the growth of our business is directly linked to your success. TESSCO's unique VMI enables us to be a partner in ensuring that success.

 

For more information contact TESSCO at 800-305-9772 or email us today.

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