Successful Vendor Managed Inventory Programs
1 hour 30 minutes
Understand the pros and cons of Vendor Managed Inventory programs and how to make them successful.
Many vendors that provide basics to your business will want to put your store(s) on a Vendor Managed Inventory program. This program allows the vendor to stock your stores with inventory levels that they believe would be appropriate. This can be a great opportunity for you and your stores, but you have to know the good and bad elements of doing business this way. Dan Jablons of Retail Smart Guys walks you through the entire process in this topic, making sure that you have the greatest level of success!
• You will be able to define Vendor Managed Inventory.
• You will be able to recognize the benefits for the retailer and the vendor.
• You will be able to review items as the program progresses.
• You will be able to discuss different negotiating tips.