The Day-Pak VMI Program is a four-stage process that insures total supply chain management accountability.
Stage1: Stage1: Day-Pak warehouses your complete product needs in our facility. Inventory min/max levels are set based upon customer usage and manufacturer lead times to insure just in time delivery to your floor.
Stage2: You and Day-Pak work together to establish inventory min/max levels to be delivered to your facility from the Day-Pak inventory. In this step we work as a team to insure that your inventory turns are set to minimize costly overstocking saving you warehouse space, reducing product shrink and increasing cash flow.
Stage3: Once inventories have been established, Your VMI Program begins. On specified ordering days, a Day-Pak in-plant inventory associate visits your facility to take physical product counts. The Day-Pak associate will also interact with your assigned plant contacts to insure that changes in production and or sales orders are considered to insure proper order quantities. Based on established min/max levels, an order is generated for delivery on your assigned delivery date. When the order is placed, the Day-Pak min/max inventory is adjusted and the Day-Pak purchasing department begins the replacement process for your stock program.
Stage4: On a quarterly basis, you and your Day-Pak representative review the min/max inventory and make adjustments as needed. This time is also used to review product needs, changes or quality issues that need attention. By product usage information is presented to insure proper usage of each item. Continuous Improvement initiatives are documented, reviewed and objectives established to move programs forward.