"_____" is an inventory management system in which the seller-in an existing agreement with a buyer-determines how much of a product is needed.
A) Buyer-managed inventory
B) Collaborative inventory
C) Quick-response inventory
D) Vendor-managed inventory

Question

Quizplus · Accepted Answer

Vendor-managed inventory (VMI) is an inventory management system in which the supplier/vendor manages and controls the inventory of the buyer. The supplier monitors the buyer's inventory and decides when to replenish it. It helps to reduce inventory holding costs and stockouts, increase customer satisfaction, and enhance supply chain coordination. The other options mentioned are not similar to VMI.

"_____" Is an Inventory Management System in Which the Seller-In