A service where key customers ask suppliers to take on the job of store level replenishment planning is called:
A) Vendor managed inventory
B) Early supplier involvement scheduling
C) Strategic inventory planning
D) Purchase spend reduction forecasting

Question

Quizplus · Accepted Answer

The service where key customers ask suppliers to take on the job of store level replenishment planning is called vendor managed inventory (VMI). VMI allows suppliers to monitor customers' inventory levels and use that information to automatically reorder products when they reach a certain threshold. This helps to ensure that the customer always has the right amount of inventory on hand while minimizing the risk of stockouts or overstocking.

A Service Where Key Customers Ask Suppliers to Take on the Job