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Jointly Managed Inventory for Supply Chain Visibility Improvement

A talk by Lukas Paembong
Customer Development Associate, Mondelez International

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About this talk

Being a part of competitive and vibrant market is not an easy task, dealing with customers’ expectation as one of the main reasons for the stunning growth rate of the market, could become a great challenge. There may be a time when supplier failing to deliver required stock, delivery vehicle breakdown, transitory accidents, and even unforeseen spike in demand. This calls for leveraging last mile delivery and logistics solutions to make the entire exercise affordable to supplier business and customers as well.

Currently, digitalization is used to get visibility for all supply chain management aspects, such as Jointly Managed Inventory (JMI). This system is a much more detailed extension of Vendor Managed Inventory (VMI) integrated with Point of Sales (POS) System. This integration allows the supplier to gain insight into real-time sales data to further improve the replenishing function while being able to better plan its own production/distribution system to meet the customer’s needs. It gives several benefits: shipping time improvement, man power optimization, and deeper root cause analysis report for service level errors. It could give clear objective to prevent and solve root-cause through negotiation in Joint Business Planning and form of advanced method for supply chain improvements. In conclusion, JMI will give a huge impact to business revenue improvement.

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If you have questions for Lukas, please use the comments section on this page or click here to join our group discussion on Chain.NET.

Lukas Paembong

Customer Development (Business Process) at Mondelez International

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