Vendor Managed Inventory. The parties agree to the following process for Vendor Managed Inventory (VMI). Vendor Managed Inventory (VMI) for the purposes of this Letter of Understanding refers to the delivery of hardware, bushings and consumables (Collectively referred to as materials) to the shop floor work centres. Vendors will be responsible for the delivery/stocking of their supplied inventory at the work centres.
Appears in 2 contracts
Sources: Collective Bargaining Agreement, Collective Bargaining Agreement