Quite often in a VMI system,the inventory is
A)owned by the retailer before it is shipped by the supplier.
B)owned by the supplier until it is sold by the retailer.
C)sold by the supplier before it is owned by the retailer.
D)sold by the retailer before it is shipped by the supplier.

Question

Quizplus · Accepted Answer

In a VMI (Vendor Managed Inventory) system, the supplier is responsible for monitoring and replenishing the inventory levels of the retailer's stock. Therefore, the inventory is owned by the supplier until it is sold by the retailer. The retailer only pays for the inventory once it has been sold to the end customer.

Quite Often in a VMI System,the Inventory Is