"Chemistry" is the first word Scott Herndon, owner of Herndon Products, uses when describing what made him want to hire Dan Rodrigues as his chief operating officer in January 2008. "I wanted someone to get along with and someone to turn the reins over to who shared my goals," says Herndon, whose company provides supply chain solutions in the aerospace and defense industry. "It w...

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The most realized benefit of a Vendor Managed Inventory solution is the customer's cost savings. The need to carry large amounts of inventory in safety stock is reduced. Reviewing daily demand-data and inventory levels allows order point calculations to become more accurate and timely.

Daily demand-data alerts the supplier when inventory falls below order point calculation and restocking can happen quickly and seamlessly. This insures inventory is in stock when needed and not befor...