Inventory turnover is a ratio showing how many times a company has sold and replaced inventory during a given period. By utilising a VMI solution, companies supplying into retailers can ensure that they stay ahead of demand and ensure that their products are always in the right place and at the right time, and as a result make sure they maximise their potential sales.
A key benefit of VMI is improved inventory turns, which subsequently means fewer product returns to a supplier leading to increased efficiency and reduced costs.
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Vendor Managed Inventory (VMI)
Discover how VMI can increase sales whilst reducing returns and logistics costs and improving your trading relationships.
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