Glossary

A B C D E F G H I J K L M N O P U V W Y
Valid Minimum

An EOQ that corresponds on the valid cost curve when costs are discounted

Vendor

A person or an entity who is offering a product for sale

Vendor-managed inventory

A situation when vendors or suppliers manage inventories for sellers along with their own

Vision

Overall purpose and aim of an organization

VMI

See Vendor-managed inventory