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.
A) Quick response (QR) system
B) Reverse logistics
C) Efficient consumer response (ECR)
D) Collaborative planning, forecasting, and replenishment (CPFR)
E) Vendor-managed inventory (VMI)

Question

Quizplus · Accepted Answer

Vendor-managed inventory (VMI) is a supply chain practice where the vendor is responsible for managing and replenishing inventory levels at the retailer's locations, ensuring optimal stock levels and improving efficiency.

Is an Approach for Improving Supply Chain Efficiency in Which