| Publisher | WorldTelemetry | ||
|---|---|---|---|
| Format | 159.6KB PDF | Date added | 08 Mar 2007 |
| Topics | Business Management, Data Mining - Analysis, Warehouse Inventory Management | ||
| Downloads | 141 | ||
Companies that purchase fuels, chemicals, solvents and other products often have to make a choice: either reduce costs by keeping inventory levels low, risking run-outs and lost sales, or keep enough surplus inventories on hand to be prepared for unforeseen spikes in product demand, which tends to drive up inventory costs and market price risks. Vendor-Managed Inventory is a system by which the distributor (seller) of products (e.g. fuels) monitors and manages a customer's (buyer's) inventory levels, often through a system of automated data collection and analysis. When product inventories drop below a specified level, the distributor dispatches a delivery based on previously agreed-upon criteria.
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