Vendor Managed Inventory versus Consignment Inventory.
Inventory management has two very different, but effective methods: Vendor managed inventory, and consignment inventory. A company may choose to utilize either of these two methods to manage inventory. If a company is able to manage inventory, they will be better able to work the company's capital to the fullest extent. The following paper will identify the differences between the two as well as identify what type of company is best suited for each method.
Vendor managed inventory (VMI) is a means of optimizing supply chain performance in which the manufacturer is responsibl…
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