vendor managed inventory (VMI)
Definition
Inventory replenishment arrangement whereby the supplier either monitors the customer's inventory with own employees or receives stock information from the customer. The vendor then refills the stock automatically, without the customer initiating purchase orders. See also collaborative planning, forecasting, and replenishment (CPFR).
vendor managed inventory (VMI) is in the Advertising, Marketing, & Sales, Inventory Control & Storage and Purchasing & Procurement subjects.
vendor managed inventory (VMI) appears in the definitions of the following terms: collaborative planning, forecasting, and replenishment (CPFR), co-managed inventory and continuous replenishment program (CRP)
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