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Procurement · Definition

Vendor Managed Inventory

Letting the supplier monitor your stock and replenish it for you.

Under VMI the supplier sees your consumption and stock levels and takes responsibility for keeping agreed items within target ranges, replenishing without you raising each order.

It cuts administration and stockouts, but it depends on sharing accurate data and agreeing target levels, ownership boundaries and what happens when the supplier gets it wrong.

See it in AWRA OpsHub

Vendor Collaboration Portal

Related terms

Consignment Inventory

Stock held on your premises but still owned by the supplier until it is used or sold.

Vendor Portal

A secure area where suppliers see and act on their own transactions.

Min/Max Inventory

A replenishment rule that orders up to a maximum whenever stock hits a minimum.

Blanket Purchase Order

A single PO covering multiple deliveries over a period at agreed terms.

More in Procurement

Approval Workflow Approved Vendor List (AVL) Bid Evaluation Category Management Conflict of Interest (CoI) Contract Lifecycle Management (CLM) Cost Avoidance Delegation of Authority (DoA)

Vendor Managed Inventory is not just a definition here

Procurement runs on this vocabulary every day in AWRA OpsHub — 40 of our 257 glossary terms describe things the platform actually does.

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