Vendor Management
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I need help with the following question please:
Sony is part of vendor managed inventory. What is this and why is it important?
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Solution Summary
This solution outlines what vendor managed inventory is, what its advantages are, and uses Sony as an example to illustrate the concept.
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Vendor-managed inventory of (VMI) is simply an inventory management process. It involves the vendor being in charge of inventory as opposed to distributors. In order for such a process to work, the vendor and the distributor are in constant communication. To better illustrate how VMI works, let us look at Sony.
Sony uses VMI. They are a manufacturer of electronic products that are sold throughout various distribution channels such as department stores. We will use Wal-Mart of this example. Through VMI, Sony ...
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