Vendor-Managed Inventory Refers to

Vendor-managed inventory refers to

A) an inventory supply system that operates with very low inventories and requires fast on-time delivery.
B) an inventory management system whereby the supplier determines the product amount and assortment a customer (such as a retailer) needs and automatically delivers the appropriate items.
C) inventory management systems that are designed to reduce the retailer's lead time for receiving merchandise which then lowers a retailer's inventory investment, improves customer service levels, and reduces logistic expenses.
D) an inventory supply system that relies on the "judgment" of individual warehouse managers based on daily reports from affiliated retailers.
E) an inventory system that guarantees delivery within 48 hours, and grants price reductions of 1% per hour if a shipment is delayed.