Vendor Managed Inventory

Norman Noble, Inc. provides Vendor Managed Inventory (VMI) programs for many of our medical device OEM customers. VMI programs provide great value because they enable our customers to maintain control over supply and have a defined level of safety stock on hand at Norman Noble to satisfy short term spikes in sales demand. Our VMI programs are structured to have direct interactions with Norman Noble’s Master Planning team to coordinate for the pull-in or push-out of product delivery based on the forecasted usage requirements. Supply agreements are typically utilized to help define the terms of the VMI and outline forecast requirements that are required for capacity planning. Norman Noble, Inc. can act as your complete warehousing solution, allowing you to manage your inventory off-site so you can devote your own space to what you do best.

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VMI Advantages

  • Remstar inventory management systems are utilized to efficiently store finished goods in a 17 foot secured unit that is computer controlled.
  • Dedicated drawers for each customer’s components.
  • MRP Network software with bar coding technology is utilized to manage each individual VMI program.