Knowledge quiz
It’s time to put what you’ve learned to the test, get all the questions right to pass this unit.
Q1.
What is one of the benefits for Buyer to use Supplier Managed Inventory?
Choose the correct answer.
A
Reduce planning and ordering cost
B
Helps in prioritizing orders due to visibility of stock levels
C
SMI helps to predict accurate demand and inventory data
D
Material is owned by supplier till consumed
Q2.
What is one of the benefits for Suppliers to use Supplier Managed Inventory?
Choose the correct answer.
A
Improve fill rate and avoid stock out situation
B
Helps to maintain optimized inventory level
C
Getting paid early for the invoice
D
Reducing ordering errors resulting less potential returns
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