Keeping a product generic as long as possible before customizing is known as " Vendor-managed inventory".
The main purpose of vendor-managed inventory is to keep the product safe. Therefore, a true and clear relationship among both the parties can be created for more smoothly and accurately control over the flow of goods.
Under this Vendor-managed inventory system the vendor utilize the buyer's premises in order to safe the product and also have the control over them. A product is generally refers to as the article that is manufactured or generate for sale purpose.
In VMI the retailed of product shares their inventory data with the vendor. because the vendor is considered as the decision-maker.
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