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    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?

    © BrainMass Inc. brainmass.com October 10, 2019, 4:59 am ad1c9bdddf
    https://brainmass.com/business/product-management/vendor-management-487592

    Solution Preview

    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 ...

    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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