simplicity is the key
13 September 2012
Vendor-managed inventory is the hot trend in supply chain management. David Jessop defines the concept and looks at how it can simplify procedures, and reduce cost and inventories
Students preparing for examination in stores and inventory management will find few references to the concept of vendor-managed inventory (VMI), a practice that is becoming quite widespread; its adoption owing, at least in part, to the emergence and development of greater integration in supply chains. The topic is also of some relevance to the subject of commercial...