Vendor managed inventory: Difference between revisions
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imported>Doug Williamson (Create the page. Source: GSCFF Standard Definitions.) |
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Revision as of 16:59, 20 June 2016
(VMI).
Arrangements similar to the holding of consignment stock.
The supplier of products to a retail business undertakes responsibility for maintaining an appropriate inventory, usually at the retailer's store or other premises.
The retailer provides appropriate information to the supplier to enable them to do so.
