Vendor Managed Inventory

 
   

Definition: Vendor Managed Inventory is a supply chain practice where the inventory is monitored, planned and managed by the vendor on behalf of the consuming organization, based on the expected demand and on previously agreed minimum and maximum inventory levels.


   

   

More on vendor managed inventory. More on inventory: ABC Analysis, Inventory Management, Materials Management.

   


© 2017 MBA Brief - Last updated: 22-10-2017  -  Privacy   |   Terms