Making consignment- and vendor-managed inventory work for you.
This article will examine some of the benefits of vendor managed inventory (VMI) and consignment from a supplier's perspective. Indeed, there are benefits to both approaches, as well as costs and risks. By understanding and managing the costs, and controlling the risks through careful negotiations, one can make both consignment and VMI work not only for the customer, but for the supplier as well.
North Highland Company, Atlanta, Georgia, USA.
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Williams
D003284:Contract Services / Q000458:organization & administration*; D003299:Cooperative Behavior; D017598:Efficiency, Organizational; D004864:Equipment and Supplies / Q000191:economics / Q000600:supply & distribution*