{"id":497,"date":"2016-11-01T16:49:41","date_gmt":"2016-11-01T18:49:41","guid":{"rendered":"https:\/\/neogrid.com\/en\/benefits-of-cloud-based-vmi\/"},"modified":"2016-11-01T16:49:41","modified_gmt":"2016-11-01T18:49:41","slug":"benefits-of-cloud-based-vmi","status":"publish","type":"post","link":"https:\/\/neogrid.com\/en\/benefits-of-cloud-based-vmi\/","title":{"rendered":"Benefits of Cloud-based VMI"},"content":{"rendered":"<p>Cloud based software has changed our life in many ways. From storing information on our phones, to sharing files to downloading music, &#8216;the cloud&#8217; has made our lives easier and it is the same with using using a cloud based <a href=\"https:\/\/www.neogrid.com\/en\/solution\/vendor-managed-inventory-vmi\">Vendor Managed Inventory<\/a> (VMI) program. Whether you\u2019re working from a single location or multiple locations, cloud VMI can benefit your company in many ways.<\/p>\n<ul>\n<li><strong>Improved collaboration <\/strong><\/li>\n<\/ul>\n<p>Effective S&amp;OP processes require cross functional collaboration. Both internal and external players will want to access the same data for planning purposes and to obtain insights. ERP systems come short in this area. Since the data is housed in separate systems, you and your overseas suppliers might not be able to collaborate on and plan based on the same information. This might result in data silos, forecast inaccuracies, and overstock\/out-of-stock incidences, possibly resulting in profit loses and dissatisfied customers.<\/p>\n<p><em><strong>(Learn more about the <a href=\"https:\/\/neogrid.com\/en\/blog\/security-benefits-of-cloud-based-vmi\/\">Security Benefits of Cloud-Based VMI<\/a>.)<\/strong><\/em><\/p>\n<p>With cloud VMI, on the other hand, everyone is usually on the same page, making demand planning instantaneously possible from anywhere in the world on a single, integrated platform. There will be real-time data for everyone to work with, ensuring that all players \u2013 suppliers, retailers, distributors, manufacturers, marketing, sales, finance, and demand planning departments \u2013 can work together in pursuit of shared goals.<\/p>\n<ul>\n<li><strong>Quick deployment and easy to scale<\/strong><\/li>\n<\/ul>\n<p>Cloud based S&amp;OP is also easier to deploy. You don\u2019t need to prepare for full scale implementation the way you would do with ERP, where you first need to obtain additional IT resources, hardware, and infrastructure. This means you\u2019ll move faster, save on costs, and improve your ROI.<\/p>\n<p>Down the road, you\u2019ll realize additional benefits owing to the Cloud\u2019s ability to scale seamlessly as the business grows. With cloud, you don\u2019t need to reconfigure dozens of systems across the supply chain to adapt to the speed of your business.<\/p>\n<ul>\n<li><strong>Streamline with other cloud solutions <\/strong><\/li>\n<\/ul>\n<p>Finally, if like other businesses you have already migrated most of your Enterprise activities to cloud, it would only make sense to pick a cloud-based VMI program. This will allow your employees to access everything they need in the same browser interface, making work a lot easier.<\/p>\n<p><strong>Summary<\/strong><\/p>\n<p>Don\u2019t let land based systems hold you back. Choose a cloud based VMI system today and start reaping the benefits of improved collaboration, greater flexibility, and faster scaling.<\/p>\n<p><strong>Download our retail supply chain collaboration white\u00a0paper to learn the seven most important criteria in selecting a new supply chain\u00a0platform.\u00a0<\/strong><span id=\"hs-cta-wrapper-90035089-5d1f-4cbf-9ad6-19fee6d52e76\" class=\"hs-cta-wrapper\"><span id=\"hs-cta-90035089-5d1f-4cbf-9ad6-19fee6d52e76\" class=\"hs-cta-node hs-cta-90035089-5d1f-4cbf-9ad6-19fee6d52e76\"><br \/>\n<!-- [if lte IE 8]><\/p>\n\n\n\n\n<div id=\"hs-cta-ie-element\"><\/div>\n\n\n\n\n<p><![endif]--><br \/>\n<a href=\"http:\/\/cta-redirect.hubspot.com\/cta\/redirect\/1848067\/90035089-5d1f-4cbf-9ad6-19fee6d52e76\" target=\"_blank\" rel=\"noopener\"><img decoding=\"async\" id=\"hs-cta-img-90035089-5d1f-4cbf-9ad6-19fee6d52e76\" class=\"hs-cta-img aligncenter\" style=\"border-width: 0px;\" src=\"https:\/\/no-cache.hubspot.com\/cta\/default\/1848067\/90035089-5d1f-4cbf-9ad6-19fee6d52e76.png\" alt=\"Download Retail Supply Chain Collaboration White Paper\" \/><\/a><br \/>\n<\/span><\/span><br \/>\n<!-- end HubSpot Call-to-Action Code --><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Learn about the benefits of cloud-based VMI including improved collaboration, quick deployment, and streamlining with other cloud solutions.<\/p>\n","protected":false},"author":1,"featured_media":498,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10],"tags":[],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.4 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Benefits of Cloud-based VMI &#8212; 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