By automating vendor managed inventory (VMI) programs, ACTYLUS brings a new level of automation to a previously inefficient and expensive process once accepted as being part of a company’s tail spend.
Consider industrial fasteners, for example. It is estimated companies will spend as much as $81 billion globally on industrial fasteners by 2018. Despite this sizable expenditure, this purchase involves little more than a company getting three distributor bids before buying the cheapest option. And the replenishment process is usually manual, requiring trips to count bins before refilling them. (…)