Topical Terminology > Vendor Managed Inventory (Vmi)
Vendor Managed Inventory (Vmi)
For Vendor Managed Inventory (Vmi) we have a term and definition in Accounting.
Vendor Managed Inventory (Vmi) (Accounting) 
is a process in which a supplier generates orders for its distributor based on demand information sent by the distributor. Vendor Managed Inventory was first applied to the grocery industrybetween companies like Procter & Gamble (supplier) and Wal-Mart (distributor). But increasinglyVendor Managed Inventory is providing the benefits of smoother demandincreased saleslower inventories and reduced costs to other industries.
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