Lean supply management organizations use a variety of methods and tools to automate the management of inventory and as replenishment tools. Which of the following is a supplier managed inventory?
A)A system where an inventory is reviewed at periodic intervals.
B)A system that holds a supplier responsible for ensuring that stock is maintained at the purchaser's facility.
C)A system in which the buyer sends an automated request when supply is low.
D)A system where an order is placed whenever a predetermined level is reached.

Question

Quizplus · Accepted Answer

Lean supply management organizations use a variety of methods and tools to automate the management of inventory and as replenishment tools. A supplier managed inventory is a system that holds a supplier responsible for ensuring that stock is maintained at the purchaser's facility.

Lean Supply Management Organizations Use a Variety of Methods and Tools