What is vendor-managed inventory (VMI)?
What will be an ideal response?
Some companies go further and shift the ordering responsibility to their suppliers in systems called vendor-managed inventory (VMI). These suppliers are privy to the customer's inventory levels and take responsibility for replenishing automatically through continuous replenishment programs.
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The degree of operating leverage
a. does not provide a reliable measure of a company's earnings volatility. b. cannot be used to compare companies. c. is computed by dividing total contribution margin by net income. d. measures how much of each sales dollar is available to cover fixed expenses.
When a mentor explains the values of the organization, he or she is ___________________________
a. explaining the ropes b. role modeling c. coaching d. providing acceptance