Which of the following refers to a means of replenishing inventory through a supplier's review and responsibility to maintain targeted inventory levels?
A) Safety stock
B) Vendor-managed inventory
C) Environmentally-responsible purchasing
D) Enterprise resource planning

Question

Quizplus · Accepted Answer

Vendor-managed inventory is a method in which the supplier is responsible for replenishing the inventory as necessary based on predetermined inventory levels. This helps to ensure that inventory levels remain stable and sufficient without excessive ordering or overstocking.

Which of the Following Refers to a Means of Replenishing