An inventory technique in which the supplier of a product takes full responsibility for optimizing and maintaining the inventory held by the buyer is.
A) EOQ
B) VMI
C) EOB
D) APS

Question

Quizplus · Accepted Answer

Vendor Managed Inventory (VMI) is the correct answer because it is a supply chain initiative where the supplier is authorized to manage inventories of agreed-upon stock items at the buyer's premises, optimizing the inventory levels and operational efficiencies for the buyer.

An Inventory Technique in Which the Supplier of a Product