Vendor Managed Inventory (VMI) is a supply chain practice that shifts the responsibility for managing inventory from the buyer to the supplier. VMI gives suppliers a greater control over their customers’ inventory levels, and allows them to proactively manage stock requirements and optimize the entire order process. By providing real-time data on stock levels, order statuses and delivery schedules, VMI helps buyers and suppliers get better visibility into their operations, reduce costs, and improve overall product availability. VMI also enables buyers and suppliers to identify potential supply chain issues before they become a problem, giving them more time to find solutions and preventing any disruptions to the supply chain.