Vendor-managed inventory is an approach for improving supply chain efficiency in which the vendor is responsible for maintaining the retailer's inventory levels in each of its stores.

Question

Quizplus · Accepted Answer

The vendor and the retailer partner together to create sales and inventory plan.The retailer shares sales and inventory data with the vendor who then analyzes the information to determine how much and what product needs to be ordered.

Vendor-Managed Inventory Is an Approach for Improving Supply Chain Efficiency