Supply Chain Management Professional (SCMP) · Question
What is the main benefit of implementing a 'Vendor Managed Inventory' (VMI) system?
VMI empowers the supplier to take responsibility for maintaining the buyer's inventory levels, often leading to improved efficiency and reduced stockouts.
Start free practice for Supply Chain Management Professional (SCMP)
200 questions · no signup required · 40 free questions per day
Question: What is the main benefit of implementing a 'Vendor Managed Inventory' (VMI) system?
Answer options:
- It shifts all inventory risk to the buyer. ✅ It allows the vendor to manage and replenish inventory at the buyer's location.
- It eliminates the need for any inventory storage.
- It guarantees lower unit prices for all purchased goods.
Correct answer: It allows the vendor to manage and replenish inventory at the buyer's location.
Explanation: VMI empowers the supplier to take responsibility for maintaining the buyer's inventory levels, often leading to improved efficiency and reduced stockouts.
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.