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Vendor-Managed Inventory

Supply chain flashcard on Vendor-Managed Inventory. Vendor-Managed Inventory is an inventory management approach where the supplier is responsible for maintaining the buyer's inventory levels. 'You take care of my stock, I'll take care of my profits!' It is a strategic alliance where the supplier makes decisions regarding the inventory held by the distributor, aimed at reducing the bullwhip effect, streamlining supply chains, and minimizing stockouts. An image depicts two men in suits and with suitcases pointing finger to each other. One man is saying 'Shortages again!', and other responding 'Your stock records were obsolete!'. At the bottom there is a call to action: Vendor-Managed Inventory means adding more layers of software. First reduce the mess with automation.

Artist: Marina Besfamilnaya

Learn more from LokadTV episode AI Pilots in Supply Chain.