Tell us what you think

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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 Suppliers to use Supplier Managed Inventory?

Choose the correct answer.

Getting paid early for the invoice

Helps to maintain optimized inventory level

Improve fill rate and avoid stock out situation

Reducing ordering errors resulting less potential returns

Q2.

What is one of the benefits for Buyer to use Supplier Managed Inventory?

Choose the correct answer.

Reduce planning and ordering cost

Helps in prioritizing orders due to visibility of stock levels

Material is owned by supplier till consumed

SMI helps to predict accurate demand and inventory data