Implementing Vendor-Managed Inventory (VMI)
Introduction Vendor-Managed Inventory (VMI) is a supply chain strategy where suppliers take responsibility for monitoring and replenishing stock based on real-time usage data. By shifting inventory management to suppliers, businesses can reduce operational burdens, improve inventory turnover, and ensure just-in-time replenishment. This approach enhances efficiency and strengthens supplier relationships, leading to optimized stock levels and […]