Under ________, buyers share sales and inventory information directly with key suppliers who monitor and replenish the buyer's stock automatically as needed.

Question

Quizplus · Accepted Answer

Vendor-managed inventory (VMI) is a practice where suppliers have access to point-of-sale (POS) or end-customer sales data to monitor and respond to actual buying patterns. The supplier then takes responsibility for managing inventory levels for the customer by automatically replenishing stock as needed. This method can reduce inventory carrying costs and improve the efficiency of the supply chain.

Under ________, Buyers Share Sales and Inventory Information Directly with Key