Which of the Following Statements About Vendor-Managed Inventory (VMI)is False

question 78

Multiple Choice

Which of the following statements about vendor-managed inventory (VMI) is false?

• A)Vendors might be more proficient than customers at managing inventories.
• B)Vendors have more control over when and how inventory is shipped to customers.
• C)There may be inadequate sharing of data between the relevant parties.
• D)VMI will produce immediate benefits.

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Definitions:

Outside Contractors

Individuals or companies that are not employees of an organization but are hired to perform specific tasks or services on a contractual basis.

Project Teams

Groups of individuals working collaboratively to achieve specific goals and complete a project within a defined time frame.

Informal Structures

The unofficial relationships, networks, and systems of communication that naturally develop within an organization.

Single Product

Refers to a business strategy focusing on the production and sale of one specific product, often to maintain quality or specialize in a market niche.