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Vendor Managed Inventory (VMI) is a supply chain management strategy in which the supplier is responsible for managing the inventory levels of the customer. This strategy is based on the idea that the supplier has better visibility into the customer's inventory needs and can better manage the inventory levels to ensure that the customer has the right amount of inventory at the right time. The supplier is responsible for monitoring the customer's inventory levels and ordering new inventory when needed. This strategy can help reduce inventory costs and improve customer service.
VMI is becoming increasingly popular as companies look for ways to improve their supply chain management. It can help reduce inventory costs, improve customer service, and increase efficiency.
Some companies in the Vendor Managed Inventory market include Oracle, SAP, IBM, JDA Software, and Manhattan Associates. Show Less Read more
