Briefly explain what is meant by the term Vendor Managed Inventory (VMI). (5 marks). Discuss the advantages and disadvantages of VMI from a supplier's point of view. (20 marks).

简要解释术语“供应商管理库存”(VMI)的意思(5分)。论述从供应商的角度看VMI有什么优点和缺点。(20分)。

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Vendor Managed Inventory(VMI) is a new pattern of management of inventory in supply chain.

供应商管理库存（VM I）是一种新型的供应链库存管理模式。

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Then we briefly analyzed the theory of channel logistics and introduced the VMI (Vendor Managed Inventory) and the Economic Order Batch and the Total Logistics Cost and the Third Part Logistics.

然后对渠道物流管理理论进行了概要分析，介绍了“供应商管理库存”、“经济订货批量”、“物流总成本”、及“第三方物流”等理论。

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