Under a ________,a supplier monitors and replenishes a buyer's stock automatically as needed.

Question

Quizplus · Accepted Answer

Vendor-managed inventory (VMI) is a system in which a supplier is responsible for monitoring and managing a customer's inventory levels. The supplier maintains the inventory levels and replenishes the customer's stock as needed. This system helps to reduce inventory costs for the customer by minimizing overstocking and stockouts.

Under a ________,A Supplier Monitors and Replenishes a Buyer's Stock