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The Vendor Managed Inventory Agreement is designed for businesses operating in Denmark seeking to optimize their supply chain operations through vendor-managed inventory systems. This document type is particularly suitable when a supplier agrees to take responsibility for maintaining and managing inventory levels at a customer's location, typically in manufacturing, retail, or distribution contexts. The agreement comprehensively addresses all aspects of the VMI relationship, including inventory management protocols, performance metrics, data sharing requirements, and operational procedures, while ensuring compliance with Danish law and relevant EU regulations. It is commonly used when parties wish to improve supply chain efficiency, reduce stockouts, and optimize inventory carrying costs through a collaborative arrangement. The document includes specific provisions for technology integration, data protection, and risk allocation, making it suitable for modern business operations requiring sophisticated inventory management solutions.

1. Parties: Identification of the vendor and customer, including full legal names and addresses

2. Background: Context of the agreement, including the purpose of establishing a VMI relationship

3. Definitions: Definitions of key terms used throughout the agreement, including technical and operational terms specific to VMI

4. Scope of Services: Detailed description of the VMI services to be provided by the vendor

5. Inventory Management Obligations: Vendor's responsibilities for maintaining, monitoring, and replenishing inventory

6. Customer Obligations: Customer's responsibilities including providing access, data sharing, and facility requirements

7. Minimum and Maximum Inventory Levels: Agreed inventory parameters and stock level requirements

8. Ordering and Replenishment Process: Procedures for inventory monitoring, ordering, and replenishment

9. Title and Risk: Transfer of ownership and risk related to the inventory

10. Pricing and Payment Terms: Pricing structure, payment terms, and invoicing procedures

11. Performance Metrics: Key performance indicators (KPIs) and service level requirements

12. Term and Termination: Duration of the agreement and termination provisions

13. Confidentiality: Protection of confidential information shared between parties

14. Data Protection: Compliance with GDPR and data protection requirements

15. Liability and Indemnification: Allocation of risks and responsibilities between parties

16. Force Majeure: Provisions for unforeseen circumstances affecting performance

17. Governing Law and Jurisdiction: Application of Danish law and jurisdiction for dispute resolution