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johnwayne88 johnwayne88
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6 years ago
Describe vendor-managed inventory (VMI). How is it related to outsourcing? Cite an example from your experiences as a shopper.
 
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#1
6 years ago
In vendor-managed inventory, the supplier maintains material for the buyer, often delivering directly to the buyer's using department. It is a form of outsourcing, because the buying firm has transferred the shipping, stocking, and receiving tasks to an external vendor. There are many instances of VMI in today's retail model, e.g., shelves of snack foods and soft drinks are routinely managed by the distributor, not the retailer.
johnwayne88 Author
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#2
6 years ago
Thank you so much for the answer
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