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(Vendor Managed Inventory)
Customers share sales data, inventory information, order history, etc. with the suppliers, and data is used by the suppliers to manage inventory and predict order
Based on the provided data, suppliers perform inventory level and sales prediction, and through this, they adjust inventory by predicting when and which product is needed.
Suppliers create orders and stock products based on predicted sales, and order quantities are determined taking into account inventory status and predicted demand.
Reduce inventory costs by minimizing out-of-stock or over-stock due to accurate demand prediction
The ordering and stocking process is automated, reducing order processing time and improving the quality of customer service
More efficient operation is possible by reinforcing data sharing and cooperation within the supply chain
