Vendor-Managed Inventory: Benefits & Drawbacks

Instructions:

Choose an answer and hit 'next'. You will receive your score and answers at the end.

question 1 of 3

Who manages the inventory in a vendor-managed inventory system?

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1. Who benefits from a vendor-managed inventory system?

2. What can happen when there is a lack of communication between a business and its vendors in a vendor-managed inventory system?

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About This Quiz & Worksheet

There are certain benefits and drawbacks to vendor-managed inventory, and you can assess your knowledge of these pros and cons by using our quiz/worksheet combo.

Quiz & Worksheet Goals

These educational assessments are geared towards checking your knowledge of:

  • Who benefits from a vendor-managed inventory
  • Person responsible for managing this type of inventory system
  • How vendors benefit from a vendor-managed inventory system
  • What businesses and vendors need to communicate in these types of systems

Skills Practiced

  • Information recall - access the knowledge you have gained regarding how vendors benefit from a vendor-managed inventory system
  • Knowledge application - use your knowledge to identify who is responsible for managing one of these systems
  • Interpreting information - verify that you can read information regarding the necessary communication between businesses and vendors and interpret it correctly

Additional Learning

If you look through the lesson, Vendor-Managed Inventory: Benefits & Drawbacks, you can improve your understanding of this type of system. You'll also be able to cover these objectives:

  • Identify the pros of using a vendor-managed inventory
  • Examine why these inventory systems sometimes fail
  • Understand what components are critical in a vendor-managed inventory system
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