Definition of VMI, Advantages to Implementing and How to Get Started
Over the last few years, VMI is has become a high profile topic in the supply chain industry. Commonly known as VMI or “vendor-managed inventory,” the model is all about improving service levels and reducing risk while optimizing inventory. The various acronyms, such as VMI, VMR, and SMI, can be confusing, but all refer to different models of inventory management by a third party: the supplier.
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