Inventories
Vendor Managed Inventory• The vendor (supplier) manages the stock levels and availability for the customer based on safety stock levels the as per the agreed Terms & Conditions.• Vendor Managed Inventory (VMI) is a planning and management system in which the vendor is responsible for maintaining the customer’s inventory levels.• Manufacturers generate orders, not distributors or retailers Stocking information is accessed using EDI• A first step towards supply chain collaboration• Increased speed, reduced errors, and improved service