Vendor Managed Solutions (VMS) is a business strategy that allows companies to outsource the management of their service or product offerings. By utilizing VMS, businesses can reduce overhead costs, increase efficiency, and tap into new markets with greater agility. It also makes it easier for them to focus on their core competencies, giving them more time to explore creative, innovative solutions. At its most basic level, VMS involves a third-party company taking over procurement, warehousing, or inventory management from the customer. VMS gives customers access to resources they wouldn’t otherwise have while providing vendors with data they need to improve services and product lines. In short, it’s an opportunity for both vendors and customers to benefit by working together more closely than ever before.