Which of the following best describes vendor managed inventory?
A) There is minimal purchasing- oriented paperwork.
B) The supplier delivers only what the customer needs.
C) There is only one supplier for all units of a particular product.
D) The supplier maintains the inventory for the buyer.

Question

Quizplus · Accepted Answer

Vendor managed inventory (VMI) is a supply chain practice where the supplier is responsible for maintaining the inventory levels for the buyer, ensuring that the buyer always has the necessary stock without overstocking.

Which of the Following Best Describes Vendor Managed Inventory