Question: 1 1 . VMI ( Vendor Managed Inventory ) is a method in which a vendor, i . e . a material supplier, holds
VMI Vendor Managed Inventory is a method in which a vendor, ie a material supplier, holds and manages materials and parts of their customers. VMI between Procter & Gamble, Co and WalMart Stores, Inc. is a famous example of a partnership transaction between a diaper manufacturer and their retailer.
From our lecture notes, how does VMI improve supply chain coordination? Select one:
a The supplier treats the retailer with priority compared to all other retailers it serves.
b The supplier uses POS data in order to replenish immediately every time the retailer sells the product.
c The supplier determines inventory levels and inventory replenishment policies at the retailer in order to optimize productionshipments
d The retailer does not share forecast data with the supplier in order not to impact the production plans.
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