Datalliance Annual Forum.CINCINNATI -- Datalliance --Datalliance VMI VMI Virginia Military Institute VMI Vendor Managed Inventory VMI Vertical Motion Index VMI Valtakunnan Metsien Inventointi (Finnish: National Forest Inventory) VMI Video Module Interface community meets to share successes and learn how to further leverage their VMI investment. Datalliance recently held its annual Customer Forum at the Cincinnati Marriott at Rivercenter. Program highlights for the two-day program included a keynote presentation titled VMI's Financial Impact on Distribution (Larry Mohr, The FW Webb Company), Supplier & Distributor Panels, National Economic Outlook (George Vredeveld, University of Cincinnati The University of Cincinnati is a coeducational public research university in Cincinnati, Ohio. Ranked as one of America’s top 25 public research universities and in the top 50 of all American research universities,[2] ), and Supply Chain Collaboration (Brian Malloy, CHEP CHEP Cricohyoidoepiglottopexy CHEP Computers in High Energy Physics (Conference) CHEP Commonwealth Handling Equipment Pooling (CHEP Inc.) USA). Keynote Speaker Larry Mohr, Senior VP of IT, FW Webb, explained the financial impact that VMI has had on his company, "VMI has meant significant improvement in turns, operating costs and net income. With cost of goods sold Cost of goods sold The total cost of buying raw materials, and paying for all the factors that go into producing finished goods. cost of goods sold improvements of 1.8 to 2.2%, we are aggressively trying to add suppliers. We have 67 branches. The result of our current VMI effort is like having an additional, extra large and profitable branch." Supplier Panel Discussion The Supplier Panel included Craig Young, Director of Aftermarket Systems, SKF, Ron Doxsee, Director of IT, Grote Industries, and Matt Tapling, VMI/CPFR Manager, Goodyear Tire and Rubber Company The Goodyear Tire & Rubber Company was founded in 1898 by Frank Seiberling. Today it is the third largest tire company in the world after Bridgestone and Michelin. Goodyear manufactures tires for automobiles, race cars, airplanes, and heavy machinery. . Commenting on his company's initial VMI implementation experience, Matt Tapling noted, "We turned to Datalliance and they helped us through the initial startup in a relatively short amount of time and have continued to support us with minimal assistance from our internal IT staff." Distributor Panel Discussion Erach Balsara, CIO CIO: see American Federation of Labor and Congress of Industrial Organizations. (Chief Information Officer) The executive officer in charge of information processing in an organization. , Fleetpride, Marilee Anderson, E Business Coordinator, Kirby Risk Electrical Supply, and Rick Turner, VMI Program Coordinator, Graybar Electric Company Graybar Electric Company is an electrical distribution business, included on the Fortune 500 list of the largest United States corporations. Company History Elisha Gray, an inventor, and Enos Barton, an entrepreneur, founded Gray & Barton in Cleveland in 1869. , participated in the Distributor Panel. "The most important factor in a successful VMI initiative is trust between the distributor and the supplier," said Erach Balsara. "Based on our experience, we'd like more of our suppliers to offer VMI programs. We have seen all of our key metrics such as inventory turns, stockouts, and returns improve as a result of VMI." Rick Turner added, "Our VMI inventory metric performance exceeds our overall performance. We'd like our strategic suppliers to embrace this concept, make it an integral part of their business and have VMI serve as the foundation of our mutual growth." About Datalliance Datalliance is a Software as a Service (SaaS) company focused exclusively on vendor managed inventory Vendor Managed Inventory (VMI) is a family of business models in which the buyer of a product provides certain information to a supplier of that product and the supplier takes full responsibility for maintaining an agreed inventory of the material, usually at the buyer's . Datalliance enables suppliers and their customers to establish effective VMI relationships quickly and easily as well as facilitating collaboration across the Internet. Datalliance customers include companies such as: Philips, Goodyear Tire and Rubber Company, and SKF. For more information about Datalliance and VMI, please visit: http://www.datalliance.com. |
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