Glossary: Terms from logistics and the supply chain

Collaboration | Keep the overview with the REMIRA Supply Chain Glossary!


EDI - Electronic Data Interchange

The term EDI (Electronic Data Interchange) describes the process of electronic data exchange between two companies.

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As soon as purchasing is handled strategically in a company, this can be described as supplier management. Supplier management includes, among other things, the selection of suppliers, the development and maintenance of a supplier base, the evaluation and sorting of suppliers up to cooperation agreements as well as the inclusion of suppliers within the value chain.

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Vendor Managed Inventory (VMI)

With vendor managed inventory, the supplier takes over inventory management and replenishment planning at the customer's site. The supplier therefore decides when the customer must receive which goods.

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