Vendor-Managed Inventory is:
A)An approach in which the wholesale is responsible for replacing inventory to meet retailers' needs.
B)An approach in which the manufacturer is responsible for replacing inventory to meet retailers' needs.
C)An approach in which the manufacturer train retailers' salespeople to sell more.
D)An approach in which the wholesalers train retailers' salespeople to sell more.
E)An approach in which all marketing intermediaries share their inventory information.

Question

Quizplus · Accepted Answer

Vendor-Managed Inventory (VMI) is an approach in which the manufacturer takes responsibility for replacing inventory to meet retailers' needs. This allows for the manufacturer to have more control over the flow of goods and ensures that retailers always have the necessary inventory levels.

Vendor-Managed Inventory Is