Cost Reduction Strategy through Supplier-Managed Inventory
SIPMM Professional Publications
JANUARY 11, 2019
Supplier-Managed Inventory (SMI) is the process whereby a supplier plans, manages and replenish inventory for a customer. Extensive information sharing is required so that supplier can maintain a high degree of visibility of its goods at the customer’s location. Instead of the customer reordering when its supply has been exhausted, the supplier is responsible for […].