VMI, or Vendor Managed Inventory, is a supply chain management strategy where the supplier assumes responsibility for managing the inventory levels of their customer. This means that the supplier closely monitors stock levels and dynamically adjusts supply to match demand. In other words, VMI makes it easy for companies to keep their shelves stocked with products their customers want, when their customers want them. With VMI, customers no longer need to space out orders over long periods and can rely on a steady stream of supplies from their vendor. That makes it easier for companies to keep up with demand and stay profitable!