The reason behind the vendor managed inventory is considered as a lean practice and whether VMI reduces inventory. Concept Introduction: Vendor managed inventory is the practice of inventory management where the buyer or customer gives information to the vendors and the vendors take the responsibility for managing the inventory.

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Chapter 12, Problem 2DQ

Summary Introduction

Interpretation:

The reason behind the vendor managed inventory is considered as a lean practice and whether VMI reduces inventory.

Concept Introduction:

Vendor managed inventory is the practice of inventory management where the buyer or customer gives information to the vendors and the vendors take the responsibility for managing the inventory.

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