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      Logistics Glossary

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      There are currently 5 logistics in this directory beginning with the letter V.
      V
      Value Added

      Increased or improved value, worth, functionality, or usefulness.

      Variable Cost

      A cost that fluctuates with the volume or activity level of business.

      Vendor

      The manufacturer or distributor of an item or product line.

      Vendor-Managed Inventory (VMI)

      The practice of retailers making suppliers responsible for determining order size and timing, usually based on receipt of retail POS and inventory data. Its goal is to increase retail inventory turns and reduce stock outs.

      Visibility

      The ability to access or view pertinent data or information as it relates to logistics and the supply chain, regardless of the point in the chain where the data exists.