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Inventory management

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Describe vendor managed inventory. What are the pros and cons of a vendor managed inventory system? How does it differ from a facility managed system

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Describe vendor managed inventory. What are the pros and cons of a vendor managed inventory system? How does it differ from a facility managed system

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A Vendor Managed Inventory (VMI) system is a way of optimizing supply chain management system in such a way that the vendor (producer) is the one that is defining the inventory levels of the distributor. This is possible because the vendor usually has access to the distributor's inventory data and is therefore responsible for issuing out purchase orders. With the use of the Vendor managed inventory management system, the vendor specifies delivery quantities that are sent to the customers via some form of distribution channels such the ...

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Edwin Sinclar, MBA
Education
  • MBA, Aspen University
  • Bachelor of Science , Berea College
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