Because of the Nature of Vendor-Managed Inventory

question 68

Multiple Choice

Because of the nature of vendor-managed inventory:

• A)the flow of consumer purchases determines replenishment
• B)DCs need to run as deliveries arrive after hours and on holidays
• C)there are many delays in replenishment as it's not a collaborative approach
• D)third party logistic companies have become necessary
• E)EDI is now obsolete

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Definitions:

Social Roles

Expected behaviors and responsibilities assigned to individuals based on their position or status within a social group or society.

Interdependence

A condition where individuals or groups are mutually reliant on each other, often seen in social, economic, and ecological contexts.

Social-Cognitive Theorists

Psychologists who study how people learn by observing others and how they interpret and model their behaviors based on their beliefs.

Appropriate Circumstances

Suitable or fitting conditions that meet the needs of the situation or fulfill the requirements of a specific context.