Revolutionizing Supply Chains: The Era of Vendor Managed Inventory
Imagine a scenario where a major retailer like Walmart never runs out of popular products on its shelves, thanks to a system where suppliers monitor and restock inventory themselves. This is the essence of Vendor Managed Inventory (VMI), a strategy that is reshaping traditional supply chain dynamics. By entrusting suppliers with inventory management, companies are streamlining operations and reducing costs.