ERP Term
"Vendor-Managed Inventory (VMI) "

Vendor-managed inventory is items whose onsite the supplier controls stock level.

Vendor-Managed Inventory (VMI) is a supply chain management practice in which the supplier of goods or materials is responsible for managing the inventory levels at the customer's site.  

The main advantage of VMI is that it can help to optimize stock levels, leading to reduced inventory costs and improved customer service levels.  

For VMI to be successful, there needs to be close collaboration between the supplier and the customer, as well as good communication and data sharing. 

Related Blog Articles

Understanding Warehouse Management Solutions
A warehouse management system (WMS) is a software application that supports the day-to-day operations in a warehouse. A WMS helps to control and direct the movement of materials within a warehouse and plays an essential role in optimizing the efficiency of these operations. There are many things to consider when implementing a WMS, from the size and layout of your warehouse to the type of products you're storing. This blog...

Related SIX ERP Solutions:

Want to see SIX for yourself?

Need help, have questions or want to get a free demo?

Please read our Privacy Policy on how we process personal data. We will never share your data!