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What is Vendor-Managed Inventory

Chapter 222
Encyclopedia of Business Analytics and Optimization
The use of vendor-managed inventory (VMI) is based on a close cooperation between the producer and the participant that has point of sales data at their disposal. The vendor accounts for the quantity of stock and the method of replenishment.
Published in Chapter:
The Bullwhip Effect in Supply Chains
Susanne Hohmann (Westfälische Hochschule, University of Applied Sciences, Germany)
Copyright: © 2014 |Pages: 6
DOI: 10.4018/978-1-4666-5202-6.ch222
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