Quite Often in a VMI System,the Inventory Is

question 58

Multiple Choice

Quite often in a VMI system,the inventory is

• A)owned by the retailer before it is shipped by the supplier.
• B)owned by the supplier until it is sold by the retailer.
• C)sold by the supplier before it is owned by the retailer.
• D)sold by the retailer before it is shipped by the supplier.

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Definitions:

FAIS

An acronym standing for Financial Advice and Intermediary Services, regulations aimed at protecting consumers by governing the provision of financial advice and intermediary services.

Information Silos

Isolated islands of data or information managed separately within an organization, leading to inefficiency and lack of synergy.

ERP

Enterprise Resource Planning, a type of software that organizations use to manage day-to-day business activities.

Core ERP Modules

Fundamental components of an ERP system catering to critical business functions including finance, human resources, inventory management, and sales.