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

question 134

Multiple Choice

An inventory-management system whereby the supplier determines the product amount and assortment a customer,such as a retailer,needs and automatically delivers the appropriate items is known as a(n) :

• A)supplier-managed inventory
• B)supply chain inventory
• C)vendor-managed inventory
• D)just-in-time system

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Definitions:

Conflicts

Disagreements or disputes between parties, typically arising from differing interests or opinions.

Competitive

Characterized by rivalry, where individuals or groups vie to outperform each other to achieve a goal.

Act Utilitarianism

A ethical theory that posits the rightness or wrongness of an action is determined solely by its contribution to overall utility, measured by the amount of happiness or unhappiness it produces.

Truth Telling

The act of conveying information or expressions in an honest and accurate manner.