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Vendor Managed Inventory: Five Things to Consider When Choosing A Vendor

After research, you’ve decided that vendor managed inventory might be the right solution for your operation. Perhaps the benefits are enticing for your business, or you’ve realized that your equipment is at a place in its lifecycle where regularly managed inventory will increase the lifespan of your machinery.

If you need a refresher on some of the advatanges of a VMI system for your organization., be sure to read Advantages of a Vendor Managed Inventory System.

If you’re unsure what your next steps are to finalize a VMI vendor relationship, here are five things to consider before making your final decision on a vendor:

  Senior Management Support: For both the vendor and buyer, senior management acceptance and support of the program is the first step in a successful and working vendor managed inventory system. Without the support of senior management it will be very difficult for the VMI system to translate through the rest of the organization as a recognized and working program.

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A Tour of Radwell Headquarters in Willingboro, NJ

Radwell International is the industry leader in repairing and selling new, used and surplus manufacturing parts and equipment. We started off as Speck Industrial Controls in 1979 and have expanded to nine different locations throughout the United States, Europe and Canada. In 2016 we purchased a 312,000 square foot building in Willingboro, NJ to house our new global headquarters. Our new building is an interesting and functional space designed to accommodate the many facets of our business so we can support our other locations and our customers as much as possible.

Our Willingboro building was formerly an Express Scripts Medco pharmaceutical facility. Over a million dollars worth of packages ran through the conveyor systems, robots, and the automation that was in place in the facility. Radwell International took over the facility with that automation already in place. A lot of it we kept and maintained or we moved parts of it into a new area to reuse and re-engineer. By doing so, we were able to come up with a system that best fit our needs.

You can learn a lot about us by viewing our facility.  Not only are we an industrial automation supply leader, but we are a remarkable and multi-faceted organization with a clear mission statement. At Radwell we work hard, but we also make time for social activities and for giving back to the community. That’s a very important part of our culture here at Radwell. To learn more about our culture, read The Culture of Giving Back

 

Another important part of our culture is quality. Did you know that Radwell International is ISO 9001: 2015 certified? If you’re not sure what that means, Tom Foy, Our Global Training and ISO Manager can explain a little bit more about this designation here ISO Certification.

Now that we've completed that brief overview, let’s take a look at our Willingboro headquarters.

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