Identify and describe the vendor-managed inventory approach.
What will be an ideal response?
Vendor-managed inventory (VMI) is an approach for improving supply chain efficiency in which the vendor is responsible for maintaining the retailer's inventory levels. The vendor determines a reorder point-a level of inventory at which more merchandise is ordered. The retailer shares sales and inventory data with the vendor via EDI. When inventory drops to the order point, the vendor generates the order and delivers the merchandise.
You might also like to view...
According to the textbook, the structure of an organization has a significant influence over the behavior of its employees because
a. It can transfer leadership from management to staff b. It can place strategy issues to a lesser importance than Human Resources Issues c. It can group and separate people geographically, hierarchically, or both d. It can create a system of power and politics that controls the masses
Analysts often use a company's dividend growth rate as a measurement for it P/E ratio
Indicate whether the statement is true or false.
In a period of rising inventory prices, use of the FIFO cost flow method would cause a company to pay more income taxes than would use of LIFO.
Answer the following statement true (T) or false (F)
Quick Market Inc. is a food supply company that wants to sell its products directly to consumers through mail order instead of going through supermarkets and other stores. However, supermarket chains want to make this transaction either illegal or more difficult for Quick Market. To accomplish this, they are using ________ to influence the political process.
A. interest rates B. lobbying forces C. demographic research D. ecological factors