The constant pressure for faster response time in replenishing inventory and extensive use of technology have contributed to the use of _________.

Question

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The use of technology and the need for faster response time in inventory replenishment have contributed to the use of vendor-managed inventory, where suppliers are responsible for maintaining inventory levels at a customer's location. This approach reduces inventory carrying costs for the customer and ensures timely delivery of products from the supplier.

The Constant Pressure for Faster Response Time in Replenishing Inventory