According to the text,when a buyer allows some of their suppliers to observe actual demand,create a forecast and determine their resupply schedules,it is known as:
A) Passive integration
B) Collaborative inventory management
C) Vendor managed inventory
D) Cloud-based supply chain management

Question

Quizplus · Accepted Answer

The described practice of allowing suppliers to observe demand, create forecasts and determine resupply schedules is known as Vendor Managed Inventory (VMI), where the responsibility for inventory management is shifted from the buyer to the supplier.

According to the Text,when a Buyer Allows Some of Their