Industry Terms

Reading Time: < 1 minute The overall purpose and aim of an organization, stated officially on the website or other marketing collateral, is called a vision statement. 

Reading Time: < 1 minute A person, supplier, entity, or enterprise that is offering a product for sale to retailers.

Reading Time: < 1 minute Vendor managed inventory means the supplier of goods maintains the inventory stock for the retailer. This makes it easy for the retailer to focus simply on marketing and selling the products rather than keeping a check on the inventory count.