Official text of 552.238-92
As prescribed in 538.273 (d)(16) insert the following clause:
Vendor Managed Inventory (VMI) Program (May 2019)
-
(a) The term “Vendor Managed Inventory” describes a system in which the Contractor monitors and maintains specified inventory levels for selected items at designated stocking points. VMI enables the Contractor to plan production and shipping more efficiently. Stocking points benefit from reduced inventory but steady stock levels.
-
(b) Contractors that commercially provide a VMI-type system may enter into similar partnerships with ordering agencies under a Blanket Purchase Agreement.
(End of clause)
Where it's prescribed
As prescribed in 538.273 (d)(16) insert the following clause:
Verifying this text
The text above is reproduced verbatim from GSA's published source files for the General Services Administration supplement. The controlling version is the one in the Code of Federal Regulations: 552.238-92 on eCFR.