What is Vendor-Managed Inventory (VMI)?
In the warehousing and supply chain world, VMI is a strategy where suppliers take charge of managing and replenishing a customer’s inventory. The supplier actively monitors stock levels and ensures timely replenishment as needed, streamlining operations and reducing customer management burdens.
Why VMI?
1. Improved inventory control.
2. Reduced stockouts & overstocks.
3. Efficient replenishment process.
Stay ahead in the industry by understanding key terminologies like VMI, ensuring smoother workflows and better partnerships.