What is Vendor Managed Inventory?

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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