Vendor Managed Inventory (VMI) allows a supplier to maintain and manage an agreed level of inventory of their products or 3rd party products at a customer store location for a specified time frame. The products will be on consignment and sold to the customer when the customer sells the products to the end consumer.[Read more…]
VMI process
- Create VMI forecast
- Generate VMI replenlishment
- Work with VMI
- Enquire on VMI stock & transactions
- Finalise VMI cycle
- Work with VMI forecast
