What is Vendor Managed Inventory, and Can It Help My Business?
No business owner wants to be surprised by a lack of inventory. The sudden discovery that a tool, equipment element, safety gear, or other critical item is missing can slow, or worse, halt operations and negatively impact a company’s bottom line. On the flip side, maintaining large inventories of items can also hurt profitability, because resources must be diverted to acquiring and maintaining storage space. Businesses also face the possibility that inventory necessary today may become obsolete tomorrow, and if that...
