One of the most value enhancing activities performed by a supplier,for a key customer,which minimizes carrying costs and can avoid stockouts:
A)Early supplier involvement scheduling
B)Vendor managed inventory
C)Strategic inventory planning
D)Purchase spend reduction forecasting

Question

Quizplus · Accepted Answer

Vendor managed inventory (VMI) allows the supplier to monitor the customer's inventory levels and replenish as necessary, thus minimizing carrying costs for the customer and avoiding stockouts. It is a value-enhancing activity that benefits both the supplier and customer. Early supplier involvement scheduling, strategic inventory planning, and purchase spend reduction forecasting may also provide value, but they do not directly address carrying costs and stockouts in the same way that VMI does.

One of the Most Value Enhancing Activities Performed by a Supplier,for