The benefits of Vendor Management Inventory (VMI) in the supply chain

Vendor Management Inventory (VMI) offers significant benefits to both suppliers and customers in the supply chain. From improved pricing and lower ordering and inventory costs to improved service and faster response times to changes in customer demand, VMI plays a critical role in improving supply chain efficiency, customer satisfaction and supplier relationships. I believe that by implementing VMI, companies can streamline their operations, reduce costs, accurately plan their inventory needs and build strong partnerships with their suppliers. As the business landscape continues to evolve, I believe that VMI remains a valuable strategy for gaining a competitive advantage in the supply chain. <a href="https://medium.com/@thomasarnosander/the-benefits-of-vendor-management-inventory-vmi-in-the-supply-chain-c716aa0973fa">Learn More</a>