Vendor Managed Inventory (VMI)

In today’s market, laboratory staff are continually facing new challenges. They are trying to deliver the correct result, but also reduce overheads, meet regulatory and legal requirements, increase efficiencies and maximize the operation of their business. Continuity of supply chain, elimination of wastage/obsolescence, hazardous materials management, and the correct choice of chemicals and consumables required to run an effective and efficient Laboratory present a complex set of variables to both the Laboratory and Procurement Teams. To meet these challenges Reagecon has developed a novel and innovative Vendor Managed Inventory model that eliminates much of the complexity, overhead and cost of laboratory operations and delivers a lower total cost of ownership to you, our customer. 

This model works on the principle of service-based supply, and offers you the opportunity to:

• Lower your total cost of ownership 

• Reduce direct costs through consolidation and product outsourcing 

• Reduce indirect costs through the elimination of thousands of POs, invoices, physical deliveries and receipts 

• Improve service levels 

• Benefit from on-site instant material availability 

• Eliminate stock outs 

• Improve efficiencies and processes 

• Minimise stock holding costs 

• Reduce obsolescence 

• Free up laboratory staff to focus on core high value added activities

We have successfully operated this model in many global blue chip companies over a 15 year period. We believe the model offers real value, reduces direct and indirect costs and brings peace of mind.

If you would like further information please contact sales@reagecon.ie