What Are the Advantages and Disadvantages Inventory Management?

Answer

The primary advantage would be the lack of need for management by the non-vendor party. This allows the person to focus on other tasks. The major disadvantage would be lack of control by the non-vendor party. This could affect ordering, availability, etc.
Q&A Related to "What Are the Advantages and Disadvantages Inventory..."
The advantages are: (1) You know your stock levels; (2) You can conduct stock rotation; (3) You can optimise and reduce stock of items that don't move that quickly; (3) You can move
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It is when the supplier takes care of what the customer needs automatically.. The customer doesn't order anything
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Our firm is not a supplier of products however, we have developed various web-based systems to manage VMI, VCI (vendor consigned inventory) and Kanban. One of our products is SmartVMI.com
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Vendor Managed Inventory or VMI is a process where the vendor creates orders for their customers based on demand information that they receive from the customer. The vendor and customer
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Explore this Topic
Vendor managed inventory, also known as VMI, is a type of business that includes a product buyer giving information to a supplier or vendor. In turn, the supplier ...
A vendor managed inventory (VMI) agreement is when the vendor automatically supplies the stock for a buyer without the customer needing to set up a new order. ...
A vendor is a supply chain management term meaning anyone who provides goods or services to a company. A vendor often manufactures inventoriable items and sells ...
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