Vendor Managed Inventory: Three Keys to Success
Vendor Managed Inventory (VMI) is a brilliant concept in theory, but in reality, few companies are able to achieve its full potential. At its best, VMI creates a mutually beneficial relationship between a customer and its suppliers – one that maintains the optimal availability of inventory at the lowest possible cost. Unfortunately, a mutually beneficial relationship is hard to come by – too often the customer is happy and the supplier is unhappy or the other way around.
In this video, we share three keys to making VMI a truly win-win scenario, achieving and maintaining the optimal availability of inventory at the lowest possible costs