Enterprise glossary and term center

Research and understand all the intricate terms and definitions that surround the ecosystem of enterprise resource planning (ERP), enterprise software and no-code tools.

Vendor Managed Inventory - What is vendor managed inventory in supply chain?

Vendor-managed inventory (VMI) is an inventory management practice in which a supplier of goods, usually the manufacturer, is responsible for optimising the inventory held by a distributor. ... Thus, the vendor is responsible for the retailer's ordering cost, while the retailer has to pay for their own holding cost.