In this episode co-hosts Rob and Julie discuss what you need to know about Vendor Managed Inventory or VMI for short. What Is Vendor Managed Inventory?Vendor Managed Inventory is a supply chain agreement where vendors or suppliers manage, maintain, and optimize their inventory while it’s in the possession of a buyer.In other words, it’s an inventory management system where inventory is replaced for the buyer or retailer without them having to initiate a purchase order. The buyer or retai...