What is Vendor Managed Inventory?
Introducing VMI into your business can help to increase sales and reduce Supply Chain costs.
Vendor Inventory Management (VMI) improves the traditional ordering process by providing a streamlined approach to replenishment, inventory management and order fulfillment.
VMI allows suppliers and distributors/retailers to actively collaborate in the improvement of the supply chain performance, bringing great benefits to both parties, including:
- Increased sales and reduced out-of-stocks
- Increased inventory turns and reduced operating costs
- Increased collaboration
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