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Vendor Managed InventoryRefer to Inventory, Vendor Managed
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Vendor Managed InventoryVendor managed inventory is a inventory control strategy requiring a vendor to control his supply of raw materials at a rate such that his customer's raw material inventory is neither excessively high nor dangerously low, and for taking responsibility for making adjustments if the inventory approaches either condition. VMI is generally seen as [..]
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Vendor Managed Inventory, or VMI, occurs when inventory is managed by the supplier on behalf of the receiving organization, based on pre-determined minimum and maximum inventory levels. vendor management Vendor management
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Vendor Managed InventoryAn element of inventory stocked by one organisation but where the forecast demand, and required stock levels to meet that demand, are calculated by the manufacturer or distributor of the stock items c [..]
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