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What is Vendor Managed Inventory (VMI) primarily designed to achieve?
  • a)
    To increase inventory levels
  • b)
    To reduce supplier-customer cooperation
  • c)
    To streamline inventory and order fulfillment
  • d)
    To minimize customer satisfaction
Correct answer is option 'C'. Can you explain this answer?
Most Upvoted Answer
What is Vendor Managed Inventory (VMI) primarily designed to achieve?a...
Vendor Managed Inventory (VMI) is primarily designed to streamline inventory and order fulfillment processes. It allows the supplier to take responsibility for managing and replenishing inventory based on the demand information exchanged with the customer, resulting in smoother operations and improved customer service.
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What is Vendor Managed Inventory (VMI) primarily designed to achieve?a)To increase inventory levelsb)To reduce supplier-customer cooperationc)To streamline inventory and order fulfillmentd)To minimize customer satisfactionCorrect answer is option 'C'. Can you explain this answer?
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