Supply Chain Management Professional (SCMP) · Question
What is the primary objective of 'vendor managed inventory' (VMI) programs?
VMI aims to have the supplier manage the inventory levels at the buyer's location, optimizing stock and reducing buyer effort.
Start free practice for Supply Chain Management Professional (SCMP)
200 questions · no signup required · 40 free questions per day
Question: What is the primary objective of 'vendor managed inventory' (VMI) programs?
Answer options: ✅ To shift inventory management responsibility to the supplier
- To reduce the buyer's procurement costs through bulk purchasing
- To eliminate the need for forecasting by the buyer
- To increase the number of active suppliers in the supply chain
Correct answer: To shift inventory management responsibility to the supplier
Explanation: VMI aims to have the supplier manage the inventory levels at the buyer's location, optimizing stock and reducing buyer effort.
Start free practice for Supply Chain Management Professional (SCMP)
200 questions · no signup required · 40 free questions per day
More about Supply Chain Management Professional (SCMP)
More for Supply Chain Management Professional (SCMP) candidates
Ready to practice?
Free, no signup required. Build a wrong-question list as you go.
Start Free Supply Chain Management Professional (SCMP) Practice →Related courses
Other Canadian certifications candidates often prepare for alongside this one.