All About Vendor Managed Inventory
Does Vendor Managed Inventory (VMI) Sound Like Something Your Company Could Benefit From? Read on to Learn All About VMI and What Part EDI Plays in the Process.
Wouldn’t it be great if every time the roll of toilet paper was near the end, it would magically be replenished?
Vendor Managed Inventory (VMI) is defined as having the supplier create orders based on the demand information from the customer, so when the toilet paper runs out, it can be replenished.
EDI is an important part of this process. Some of the EDI documents that are utilized in VMI are: