Supply Chain Management Professional (SCMP) · Question
What is the primary objective of 'vendor managed inventory' (VMI)?
VMI empowers the supplier to take responsibility for maintaining an agreed-upon inventory level at the buyer's site, reducing stockouts and carrying costs for t
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Question: What is the primary objective of 'vendor managed inventory' (VMI)?
Answer options: ✅ To allow the supplier to manage inventory levels at the buyer's location.
- To enable the buyer to manage inventory across all supplier locations.
- To optimize transportation routes for incoming goods.
- To minimize lead times for raw material procurement.
Correct answer: To allow the supplier to manage inventory levels at the buyer's location.
Explanation: VMI empowers the supplier to take responsibility for maintaining an agreed-upon inventory level at the buyer's site, reducing stockouts and carrying costs for the buyer.
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