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Sol was given a prize at school one day. Although the prize was given by both the teacher (whom he knew well) and the principal (whom he didn't know) , Sol repeatedly thanked only the teacher. This is an example of
Vendor Managed Inventory
A business model where the supplier assumes the responsibility of managing inventory levels at the retailer or buyer’s location, aiming to improve supply chain efficiency.
Coordinated Stocking
A strategy where inventory levels across different locations or stages in a supply chain are managed in sync to optimize overall performance and minimize costs.
Sell-in to Sell-through
The process from selling products into retail channels (sell-in) to the actual sale of those products to the end consumers (sell-through).
CRP System
Continuous Replenishment Program, a supply chain management strategy aimed at improving inventory management and enhancing the flow of goods from suppliers to consumers.
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