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

question 196

Multiple Choice

An inventory-management system whereby the supplier determines the product amount and assortment a retailer needs and automatically delivers the appropriate items is referred to as

• A) supplier-managed inventory.
• B) supply chain inventory.
• C) logistics-managed inventory.
• D) just-in-time inventory management.
• E) vendor-managed inventory.

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Definitions:

Environmental Factors

Influences stemming from one's surroundings that affect various aspects of development and well-being.

Sudden Death

An unexpected, rapid death caused by a sudden health event such as cardiac arrest.

Appropriate Statement

A comment or expression that is deemed suitable for the context or situation it is made in.

Therapeutic Response

The outcome or changes resulting from a treatment or therapy, often relating to the effectiveness in treating a specific condition or problem.