________ is an approach for improving supply chain efficiency in which the vendor is responsible for maintaining the retailer's inventory levels in each of its stores.
A) Efficient consumer response (ECR)
B) Reverse logistics
C) Quick Response (QR) system
D) Vendor-managed inventory (VMI)
E) Collaborative planning, forecasting, and replenishment (CPRF)

Question

Quizplus · Accepted Answer

Vendor-managed inventory (VMI) is an approach for improving supply chain efficiency in which the vendor is responsible for maintaining the retailer's inventory levels. The vendor determines a reorder point-a level of inventory at which more merchandise is ordered. The retailer shares sales and inventory data with the vendor via EDI. When inventory drops to the order point, the vendor generates the order and delivers the merchandise.

________ Is an Approach for Improving Supply Chain Efficiency in Which