Creating New Efficiencies Through Better Inventory Practices
Since 2005, Targray inventory management solutions have played an important role in the development of the global solar value chain, becoming a trusted source for some of the industry’s largest PV manufacturers, project developers and distributors. Ensuring product availability with the lowest logistics costs while maintaining the lowest attainable inventory level across the supply chain, our new and improved vendor-managed inventory (VMI) program helps solar manufacturers, project developers and EPCs achieve a sustainable increase in operational efficiency and profits.
About Our Solar VMI Program
Inventory management plays a critical part in determining the overall efficiency of solar manufacturing and EPC businesses. Not having materials and finished goods at the correct place and time creates avoidable risks and margin pressures. Targray Solar’s vendor-managed inventory program was created specifically to address these concerns by reducing storage and downtime costs.
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 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.
Key VMI Program Features
Targray Solar’s vendor-managed inventory program is delivered and managed by an interdisciplinary, global team of professionals that combines Targray Group’s international resources with leading finance, engineering and supply chain management expertise. Tailored to the specific needs of each customer, our Solar VMI program provides:
A.I.-supported supply chain analysis
Operational risk management
Global warehousing facilities
Material sourcing and analysis
Just-in-time manufacturing support
Flexible payment options (open terms, LC)
Enhanced trade insurance
Working closely with our supply partners and organizations including U.S-based SEIA, we help solar manufacturers and project developers worldwide increase their solar cell and module efficiency. Contact us today to learn more.