An Inventory-Management System Whereby the Supplier Determines the Product Amount

question 196

Multiple Choice

An inventory-management system whereby the supplier determines the product amount and assortment a retailer needs and automatically delivers the appropriate items is referred to as

• A) supplier-managed inventory.
• B) supply chain inventory.
• C) logistics-managed inventory.
• D) just-in-time inventory management.
• E) vendor-managed inventory.

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Definitions:

Natural Resources

Materials and components that can be found within the environment that are both valuable in their natural form and useful for economic gain or sustainability.

Oil and Gas

Natural resources that are extracted from the earth and used primarily for energy production and as raw materials in various industries.

Ecosystem Diversity

Refers to the variety of habitats, natural communities, and ecological processes in the biosphere, as well as the diversity within species, between species, and of ecosystems.

Genetic Diversity

The total number of genetic characteristics in the genetic makeup of a species, contributing to its ability to adapt to changing environments.