The overarching goal of vendor managed inventory is to establish a relationship that allows both parties to work more fluidly, accurately and efficiently. With VMI, the manufacturer or distributor takes on the responsibility of handling your inventory planning and restocking. Because of this, the partnership relies on trust and the sharing of information. In a properly-tuned VMI relationship, both you and the supplier benefit due to the steady, dependable exchange of necessary components. To ensure a mutually beneficial partnership, here are a few tips on how you can make vendor managed inventory work for you.
