Practice Quiz

Lean Bronze

Category - Continuous Improvement

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Lean supply management organizations use a variety of methods and tools to automate the management of inventory and as replenishment tools. Which of the following is a supplier managed inventory?
  1. A system where an inventory is reviewed at periodic intervals.
  2. A system that holds a supplier responsible for ensuring that stock is maintained at the purchaser’s facility.
  3. A system in which the buyer sends an automated request when supply is low.
  4. A system where an order is placed whenever a predetermined level is reached.
Explanation
Answer: B - Lean supply management organizations use a variety of methods and tools to automate the management of inventory and as replenishment tools. A supplier managed inventory is a system that holds a supplier responsible for ensuring that stock is maintained at the purchaser’s facility.
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