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Articles Tagged ‘procurement’
Tuesday, December 22nd, 2009 by Taylor Reuben
VMI – letting your vendors manage your inventory
Vendor Managed Inventory is a great way to outsource procurement tasks by entering into a contract with your supplier who will then take the responsibility for maintaining the inventory at your facility. These are agreements that take a step past traditional consignment agreements. The primary difference is the client is billed when the materials are ...