Company / Corporate

VMI meaning in oil and gas

Definition

Vendor Managed Inventory

VMI means Vendor Managed Inventory. Remote monitoring of customers silo inventories AND replenishing the inventory based on a forecast, rather than waiting for a Customer's Order ( edited by Sid Mukherjee - mukhers@a…

Remote monitoring of customers silo inventories AND replenishing the inventory based on a forecast, rather than waiting for a Customer's Order ( edited by Sid Mukherjee - mukhers@a major oil and gas company.com)

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