Vendor Managed Inventory (VMI) Three Keys to Success

Under Vendor Managed Inventory—VMI—suppliers actually take on the responsibility of managing their inventory throughout their customer’s supply chain. This can take several forms. The simplest form involves having the supplier visit the customer’s location at certain designated intervals (such as daily or weekly) and re-supplying the customers inventory to a predetermined level. This has been common practice with office supplies and in the grocery industry for years