User Tools

Site Tools


glossary:v:vendor_managed_inventory
  • Bookmark "Vendor Managed Inventory" at del.icio.us
  • Bookmark "Vendor Managed Inventory" at Digg
  • Bookmark "Vendor Managed Inventory" at Furl
  • Bookmark "Vendor Managed Inventory" at Reddit
  • Bookmark "Vendor Managed Inventory" at Ask
  • Bookmark "Vendor Managed Inventory" at Google
  • Bookmark "Vendor Managed Inventory" at Netscape
  • Bookmark "Vendor Managed Inventory" at StumbleUpon
  • Bookmark "Vendor Managed Inventory" at Technorati
  • Bookmark "Vendor Managed Inventory" at Live Bookmarks
  • Bookmark "Vendor Managed Inventory" at Yahoo! Myweb
  • Bookmark "Vendor Managed Inventory" at Facebook
  • Bookmark "Vendor Managed Inventory" at Newsvine
  • Bookmark "Vendor Managed Inventory" at Yahoo! Bookmarks
  • Bookmark "Vendor Managed Inventory" at Twitter
  • Bookmark "Vendor Managed Inventory" at myAOL
  • Bookmark "Vendor Managed Inventory" at Slashdot
  • Bookmark "Vendor Managed Inventory" at Mister Wong

Vendor Managed Inventory

Vendor Managed Inventory (VMI), also known as Supplier Managed Inventory (SMI), is a business model in which the supplier (vendor) is responsible for maintaining an agreed level of the customer's inventory in regard to selected products. The customer regularly has to provide certain information such as consumption and stock level to the supplier. Based on this data, the supplier refills the customer's stock automatically without being ordered by the customer every time the stock has to be refilled.

Advantages

The application of VMI provides advantages for both customer and supplier:

Customer

  • Optimal inventory level
  • Reduction of stock-outs or shortages
  • Less administrative work
  • Increased transparency of supply chain

Supplier

  • Increased production flexibility and optimized production planning
  • Increased sales
  • Strategic partnership with customer
  • Reduced stock levels

See also

http://en.wikipedia.org/wiki/Vendor-managed_inventory
Waller, M.; Johnson, M.; Davis, T. (2001). Vendor-managed inventory in the retail supply chain. [online] Journal of Business Logistics. Accessed January 6, 2012.

  • Bookmark "Vendor Managed Inventory" at del.icio.us
  • Bookmark "Vendor Managed Inventory" at Digg
  • Bookmark "Vendor Managed Inventory" at Furl
  • Bookmark "Vendor Managed Inventory" at Reddit
  • Bookmark "Vendor Managed Inventory" at Ask
  • Bookmark "Vendor Managed Inventory" at Google
  • Bookmark "Vendor Managed Inventory" at Netscape
  • Bookmark "Vendor Managed Inventory" at StumbleUpon
  • Bookmark "Vendor Managed Inventory" at Technorati
  • Bookmark "Vendor Managed Inventory" at Live Bookmarks
  • Bookmark "Vendor Managed Inventory" at Yahoo! Myweb
  • Bookmark "Vendor Managed Inventory" at Facebook
  • Bookmark "Vendor Managed Inventory" at Newsvine
  • Bookmark "Vendor Managed Inventory" at Yahoo! Bookmarks
  • Bookmark "Vendor Managed Inventory" at Twitter
  • Bookmark "Vendor Managed Inventory" at myAOL
  • Bookmark "Vendor Managed Inventory" at Slashdot
  • Bookmark "Vendor Managed Inventory" at Mister Wong
glossary/v/vendor_managed_inventory.txt · Last modified: 2012/12/10 15:05 (external edit)