Couldn't find the full form or full meaning of BX? Maybe you were looking for one of these abbreviations: BWWM - BWX - BWY - BWYD - BWYH - BX/PX - BX/XIK - BXA - BXB - BXBKMA
â¢ A vendor is more close to the end consumer than a supplier who appears to be earlier in the supply chain. â¢ Vendor is a more generic term and applies to anybody supplying goods and services. â¢ A vendor is rarely a manufacturer and gets products on consignment basis from the manufacturers.
By Martin Murray. Updated July 22, 2016. Definition: Vendor Managed Inventory (VMI) is a business model where the buyer of a product provides information to a vendor of that product and the vendor takes full responsibility for maintaining an agreed inventory of the material, usually at the buyer's consumption location.