as a supply chain manager identify the below types strategies such as basic quick response continuous replenishment strategy vendor management inventory recommend a suitable recommendation for Sealand.

8.5.1. Types of RSP The types of retailer-supplier partnerships can be viewed on a continuum. At one end is information sharing, which helps the vendor plan more efficiently and at the other end is a consignment scheme, where the vendor completely manages and owns the inventory until the retailer sells it. These are individually discussed in the sections below; - In a basic quick response strategy, suppliers receive POS data from retailers and use this information to synchronise their production and inventory activities with actual sales at the retailer. In this strategy, the retailer still prepares individual orders but the POS data are used by the supplier to improve forecasting and scheduling and to reduce lead time - In a continuous replenishment strategy, vendors receive POS data and use these to prepare shipments at previously agreed-upon intervals to maintain specific levels of inventory. In an advanced form of continuous replenishment, suppliers may gradually decrease inventory levels at the retail store or distribution centre as long as service levels are met. Therefore, in a structured way, inventory levels are continuously improved - In a vendor managed inventory (VMI) system, sometimes called a vendor-managed replenishment (VMR) system, the supplier decides on the appropriate inventory levels of each of the products and the appropriate inventory policies to maintain these levels. In the initial stages, vendor suggestions must be approved by the retailer, but eventually the goal of many VMI programmes is to eliminate retailer oversight on specific orders