VMI for Battery Manufacturers
Since 2010, Targray (vendor managed inventory) VMI solutions have played an important role in the development of the global battery value chain, becoming a trusted source for some of the industry’s largest energy storage manufacturing and distribution companies. Designed to ensure product availability with the lowest logistics costs while maintaining the lowest attainable inventory level across the supply chain, our new and improved VMI program helps battery manufacturers, project developers and energy storage companies achieve a sustainable increase in operational efficiency and profits.
Faster inventory turnover facilitates the reduction of inventory levels, which in turn enables companies to free up working capital.
Vendor-managed inventory creates new efficiencies by helping businesses procure materials at the right time, and from the right location.
With fewer ordering and logistics functions to worry about, Targray VMI solutions program participants are able to lower their administrative expenses.
Effective vendor-managed inventory programs help build strong, long-lasting vendor relationships, which opens the door to better purchasing terms and conditions.