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to physical warehouse processes , smart manufacturers can use digital technology to take better control of stock and manage inventory more efficiently and more accurately .
▲ A digital VMI provides suppliers eyes on their inventory 24 / 7 with accurate , granular consumption data in real time . It allows companies to work with several independent suppliers , which provides a better supply base than working with a single distributor of multiple products
Small steps for big innovation
Innovation should happen in small , incremental steps . The small wins become huge , while failures are not costly or detrimental .
For example , many factories have automated their inventory management processes . A digital VMI platform can be implemented in a weekend without disrupting production . A simple solution like RFID smart labels create immediate results , like saving time in generating purchase orders , eliminating the
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▲ A digital VMI platform can streamline inventory , keeping it lean and without the possibility of stockouts
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