5 Logistics Vendor-Managed Inventory (VMI): An inventory management approach where a supplier or vendor monitors and replenishes stock levels at the customer’s location based on agreed-upon criteria, ensuring optimal inventory levels and reducing stockouts.
Vendor-Managed Inventory (VMI): An inventory management approach where a supplier or vendor monitors and replenishes stock levels at the customer’s location based on agreed-upon criteria, ensuring optimal inventory levels and reducing stockouts.