Vendor-managed inventory results in the supplier being responsible for managing inventories and keeping inventory costs low.

Name: Vendor-managed inventory results in the supplier being responsible for managing inventories and keeping inventory costs low.
Brand: Quizplus
Rating: 4.8 (53 reviews)

Question

Quizplus · Accepted Answer

Vendor-managed inventory (VMI) is a supply chain practice where the supplier takes responsibility for managing and replenishing inventory levels for the buyer, aiming to optimize inventory costs and improve efficiency.

Vendor-Managed Inventory Results in the Supplier Being Responsible for Managing