The use of partners in the supply chain to control and monitor inventory levels is known as:

Question

Quizplus · Accepted Answer

Vendor-managed inventory (VMI) is the use of partners in the supply chain to control and monitor inventory levels. In this approach, the supplier is responsible for monitoring the inventory levels and replenishing them as needed, rather than the retailer or customer. This helps to reduce inventory costs and improve supply chain efficiency.

The Use of Partners in the Supply Chain to Control