What is the primary difference between Vendor Managed Inventory $($VMI$)$ and Co$-$Managed Inventory $($CMI$)?$

What is the primary difference between Vendor Managed Inventory $($VMI$)$ and Co$-$Managed Inventory $($CMI$)?$

In CMI, the supplier owns and manages the inventory, while in VMI, the buyer owns the inventory.

In VMI, the supplier decides inventory setup and shipments, whereas, in CMI, orders are not confirmed unless approved by the buyer.

CMI is a less collaborative approach compared to VMI.

CMI involves the supplier owning and storing inventory off$-$site, whereas, in VMI, the inventory is stored at the supplier$$s location.

VMI involves the supplier recommending orders, whereas CMI allows the supplier to decide on order quantities and ship dates.