Meeting/Event Information

Bring Vendor Managed Inventory (VMI) to a Remote Customer Location

November 28, 2019
6:30 PM - 8:00 PM

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APICS Chapter Office - Conference Centre
1370 Don Mills Road
Toronto, ON M3B 3N7
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Vendor Managed Inventory (VMI) has been a sound inventory management approach in most industries. VMI method helped many suppliers to build long-term relationship with their customers; meanwhile helped many companies (as customers) to save their capital investment costs.

VMI provided end users with immediate access to needed supply without upfront payment. Suppliers received benefit from long-term business partnership, and real-time demand data.

Is every VMI a successful story? Maybe not. Why? There are goodwill and mis-understanding, fast decision and slow process in reality. Is possible to implement VMI when customer is located in a remote location, or in an extreme condition? Today’s technologies had enabled a positive answer to this question.

Canada is a mine rich country. Many mines are located in the remote areas. Mining companies run their operations 24 hours a day and 7 days a week, productivity and efficiency are the key performance indicators to mining business. As a supplier of tools and equipment for mines, offering Vendor Managed Inventory (VMI) at customer’s site can help shortening lead time; reducing customer’s capital costs; also help transitioning supplier and customer’s business relationship from transactional to collaborative.

Purpose of this presentation is to showcase a real example of how to implement VMI at a Canadian mine location and manage it on a daily basis; and explain the benefit and development trend of VMI.

Christie Li, CPIM, CSCP

Has been part of the Canadian Supply Chain industry since 2000 and worked for different employers in the freight forwarding, retail and manufacturing fields.

Christine worked for a freight forwarding company for 10 years as a cargo agent, helping importers and exporters manage the physical flow of their goods.

She then worked in Supply Chain Management positions for Samsung Electronics and Loblaw Company.

Her current job at Sandvik Mining and Rock Technologies is fully involved in vendor managed inventory implementation. As a demand planner, Christine works alongside the sales team, helping to provide a systematic process plan and distribution network design as well as cost and risk analysis related to inventory investment.

She would like to share her experience with fellow APICS members, with the hope that more members will be encouraged to speak at PDMs after attending the presentation. 

Certification of Maintenance: 1.5 points

Agenda:
6:15 - 6:45 Registration and Networking
6:45 - 8:00 Presentation

Price:

APICS Toronto Members: $15.00 (+13% HST)
Non Members and Guests: $25.00 (+13% HST)