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VMI stands for Vendor Managed Inventory, where the supplier manages the inventory of the buyer.
VMI is a supply chain management technique.
The supplier is responsible for monitoring and replenishing the buyer's inventory.
The supplier has access to the buyer's inventory data and manages the inventory accordingly.
VMI helps in reducing inventory costs and improving supply chain efficiency.
Examples of VMI include Walmart's ...
Min-max-rol level for inventory is defined based on demand, lead time, and safety stock.
Min level is the minimum quantity of inventory required to avoid stockouts.
Max level is the maximum quantity of inventory required to avoid overstocking.
Rol level is the quantity of inventory to be ordered when the stock level reaches the reorder point.
Demand, lead time, and safety stock are the key factors to determine the min-max-...
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Production Engineer
89
salaries
| ₹1.8 L/yr - ₹6 L/yr |
Quality Engineer
34
salaries
| ₹1.9 L/yr - ₹4.3 L/yr |
Assistant Manager
33
salaries
| ₹3 L/yr - ₹8.5 L/yr |
Production Manager
26
salaries
| ₹5.1 L/yr - ₹14.4 L/yr |
Junior Engineer
24
salaries
| ₹1.5 L/yr - ₹3.5 L/yr |
Supreme Industries
Sintex Plastics Technology
Nilkamal
EPL Limited