Vendor-managed inventory (VMI)

Vendor-managed inventory (VMI)

A process in which a supplier owns components until they are issued or released to the production line. Usually, VMI is handled by a distributor located within a plant.

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Part of Speech: noun
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Industry/Domain: Manufacturing
Category: Contract manufacturing
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Related terms

vendor-managed inventory (VMI)

Retail; Supermarkets

A manufacturer's management of the inventories inside a retailer's store, including sales forecasting, promotional adjustment/ allowances, ordering and delivery.

vendor-managed inventory (VMI)

Software; Supply chain

An inventory planning and fulfillment technique in which a supplier is responsible for monitoring and restocking customer inventory at the appropriate time to maintain predefined ...

vendor-managed inventory (VMI)

Business administration; Inventory management

The practice that the supplier manages the inventory levels and purchases of the materials supplied to a customer. An example of the vendor-managed inventory is for the management ...

vendor-managed inventory (VMI)

Manufacturing; Contract manufacturing

A process in which a supplier owns components until they are issued or released to the production line. Usually, VMI is handled by a distributor located within a plant.

Foxconn

Manufacturing; Contract manufacturing

Founded in 1974 in Taiwan, Hon Hai Precision Industry Company Ltd., the anchoring company of Foxconn Technology Group, is a leading provider of contract manufacturing service to ...

panelization

Manufacturing; Contract manufacturing

A general term in CAM editing refers to step/repeat and other CAM editing to prepare data in panel format.

parameters

Manufacturing; Contract manufacturing

The variables which determine the dimensions of a machined part as well as the operational sequence of the machine tools used to produce the part.

photo plotting or photo plot

Manufacturing; Contract manufacturing

Photoplotting is an electronic optical process to scan rasterized image data on films. Some times referred to as laser plotting.

plated-through

Manufacturing; Contract manufacturing

Types of holes on circuit board generally used as for component pins and vias. The wall of these holes/slots are plated thus circuit between layers are connected.