Vendor Managed Inventory (VMI) definition

Vendor Managed Inventory (VMI) means inventory replenishment scheme in which the SELLER monitors SONIM inventory levels as well as production plans and Rolling Forecasts, and takes responsibility for ensuring Products are replenished as needed as more fully described in Section 5.3.
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Vendor Managed Inventory (VMI) means SSCI owned Product inventory which is delivered to and managed by SSCI in a secured storage area within McDATA's facility. SSCI shall retain ownership and title to the VMI Product until McDATA issues a release.
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Examples of Vendor Managed Inventory (VMI) in a sentence

  • The Gateway Solution, which requires communications software, internal IT support, an alignment of underlying processes and is for products which required Vendor Managed Inventory (VMI) with sophisticated transaction details.

  • The Seller shall install and use the GS1 Hong Kong’s (a new name of Hong Kong Article Numbering Association) Web-based EZ*TRADE or the Gateway Solution to receive the HA Purchase Orders, send Purchase Order Acknowledgements and other information on Vendor Managed Inventory (VMI) electronically with the Hospital Authority’s Enterprise Resources Planning System (ERPS).

  • When required by HA, the Seller is required to install and use the GS1 Hong Kong’s (a new name of Hong Kong Article Numbering Association) Web-based EZ*TRADE or the Gateway Solution to receive the Purchase Orders, send Purchase Order acknowledgements and other information on Vendor Managed Inventory (VMI) electronically with the Authority’s Enterprise Resources Planning System (ERPS) (the “EDI Requirements”) at its own cost.

  • Shipping and Storage Novavax assumes that it will maintain a Vendor Managed Inventory (VMI) system for a period of 12 months, with shipments to 10 geographic zones in the USA.

  • SUPPLIER shall establish and properly manage a Vendor Managed Inventory (VMI) program whereby suppliers will deliver Components to a VMI location for SUPPLIER’s withdrawal as needed.

  • Novavax assumes that it will maintain a Vendor Managed Inventory (VMI) system for a period of 12 months, with shipments to 10 geographic zones in the USA.

  • Supply Chain initiatives include such items as Vendor Managed Inventory (VMI), Supplier finished good hubs, raw or semi-finished good kanbans at various stages and supporting Teradyne’s Supply Chain Express Initiatives.

  • 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.

  • The parties agree to the following process for Vendor Managed Inventory (VMI).

  • The second class is the Vendor Managed Inventory (VMI), where the vendor is responsible for managing the retailers inventory.