Step 1: Set the Rules — Agree on stock levels, KPIs & data sharing terms Step 2: Share Live Data — Connect via EDI or a supplier portal Step 3: Track & Improve — Hold regular reviews and fix issues together
Description: In VMI, you own the inventory the moment it's delivered and pay on standard invoice terms. In consignment, the supplier owns it until it's sold. Bottom Line: VMI works best when there's high trust, stable demand, and real-time data sharing.