Vendor Managed Inventory
Vendor managed inventory (VMI) is a supply chain initiative where the supplier is authorized to manage inventories of agreed-upon stock-keeping units at customer locations. Vendors can only offer this service if they have access to stock figures and sales data at the customer . A scenario describes how vendors can plan material requirements in the customer's company. Transferring stock and sales data via EDI The customer uses t he message category PROACT to transfer the current stock as well as the historical sales data or the forecast sales data for a particular article to the vendor. Receiving stock and sales data via EDI The sales data for the article is entered in an information structure in the information system S130 in the vendor system . The stock data is entered in the replenishment master data of the article. Planning replenishments for customers Using the sales data, vendors can forecast future expected sales of the articles concerned at their customers’ sites....