Vendor-managed inventory involves the buyer transferring the responsibility for:
A)physically holding inventory items.
B)storing,retrieving,and acquiring inventory items.
C)determining what,when and how much is purchased.
D)keeping the inventory at a fixed and predetermined level.

Question

Quizplus · Accepted Answer

Vendor-managed inventory involves the vendor determining what, when, and how much to purchase, thereby transferring this responsibility from the buyer. The physical holding, storing, and retrieval of inventory items may still be the responsibility of the buyer, but the vendor manages the inventory levels. Therefore, option C is the best choice.

Vendor-Managed Inventory Involves the Buyer Transferring the Responsibility For