Millat to be a global group of companies, recognized for a range of quality products with innovative design capabilities.
VMI is a business models in which the buyer of a product provides certain information to a supplier of that product and the supplier takes full responsibility for maintaining an agreed inventory of the material, usually at the buyer's consumption location. The vendor and customer are bound by an agreement which determines inventory levels, fill rates and costs. This arrangement can improve supply chain performance but reducing inventories and eliminating stock-out situations. The VMI concept provides improved visibility across the supply-chain pipeline that helps suppliers and buyers improve production planning, reduce inventory, improve inventory turnover and improve stock availability.
I feel pleasure in welcoming you to the VMI portal. Millat Tractors have again taken an initiative in exposing its inventory information to the vendor community. It shall help them to share the responsibility of optimizing the Supply Chain and manage their resources best at their end. It is a step forward in working close together and strengthening the relationship. Millat Tractors have always been pioneer in facilitating and developing the vendor community. Its indigenization policies and achievements have provided an infrastructure for the Automobile Industry. Millat Tractors is manufacturing Massey Ferguson tractors under Licensing Agreement with AGCO Limited UK, Diesel Engines, Diesel Generating Sets & Prime Movers, Forklift Trucks under License with Anhui Heli Company Limited China and a range of Agricultural Implements.
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