The bigger your business gets, the tougher it can be to stay on top of everything. One of the last things you’ll want to be concentrating on are inventory levels and product reordering.
Fortunately, a vendor managed inventory strategy can go a long way in maintaining a steady stream of inventory and ensure that your products are always in stock.
So, what exactly is vendor managed inventory? How can you convince your suppliers to take on the responsibility of maintaining their inventory in your store? What are the advantages and disadvantages to a VMI solution?
In this article, we shine a spotlight on vendor managed inventory and discuss its pros and cons so that you can decide whether or not it fits in with your business and strategy.Continue Reading >