Words / V / Business

vendor-managed inventory

noun/ˈvɛndə ˈmænɪdʒd ˈɪnvəntri/

C1CEFR level
75/100Rarity: rare
TechnicalRegister

An arrangement in which the supplier monitors and replenishes stock held at the customer's site.

Under vendor-managed inventory, the parts maker restocked the assembly line before it ever ran dry.

Topic: Operations & supply chain in Business English

Rarity runs from 0 (a word everyone knows) to 100 (almost never seen outside specialist or literary writing). Level is the word's real difficulty on the CEFR scale, from A1 to C2.

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More business words: Operations & supply chain