VMI______.
A)stands for vendor-managed inventory
B)is a process in which inventory is completely eliminated
C)incorporates the push concept
D)makes it easier to meet quality control requirements

Question

Quizplus · Accepted Answer

VMI stands for vendor-managed inventory, a process in which the vendor takes responsibility for managing inventory levels for the customer. This is done through sharing data to ensure appropriate inventory levels are maintained, and is beneficial for optimizing inventory levels and reducing out-of-stock situations.