Stockless materials management systems are basically _____ managed inventory systems where a third party manages all or part of the supplies.

Name: Stockless materials management systems are basically _____ managed inventory systems where a third party manages all or part of the supplies.
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Question

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Stockless materials management systems are also known as vendor managed inventory (VMI) systems, as the third-party vendor manages the inventory and ensures timely replenishment.

Stockless Materials Management Systems Are Basically _____ Managed Inventory Systems