Vendor-managed inventory strategies allow suppliers to determine their buyers' needs and automatically ship supplies as needed.

Question

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Vendor-managed inventory (VMI) is a type of inventory management system in which the supplier of a product is responsible for determining the inventory levels and automatically restocking the inventory for their buyer. This allows for better coordination and can lead to cost savings for both the supplier and the buyer.

Vendor-Managed Inventory Strategies Allow Suppliers to Determine Their Buyers' Needs