Under ____,the size and timing of replenishment orders are the responsibility of the manufacturer.
A)Quick Response
B)Supply Chain Management
C)Vendor-Managed Inventory
D)Efficient Consumer Response

Question

Quizplus · Accepted Answer

Vendor-Managed Inventory (VMI) is a system where the manufacturer is responsible for managing and ordering inventory levels at the point of sale or retail locations. This means that the manufacturer is in charge of determining when and how much product needs to be replenished, rather than the retailer. VMI is often used to improve supply chain efficiency and reduce stockouts, as the manufacturer has greater control over the inventory levels and can respond more quickly to changes in demand. Quick Response (A) and Efficient Consumer Response (D) are also supply chain management strategies, but do not specifically involve the manufacturer managing inventory levels at the retailer. Supply Chain Management (B) is a broader term that encompasses various strategies and practices for managing the flow of goods and services, including VMI.

Under ____,The Size and Timing of Replenishment Orders Are the Responsibility