In this chapter, we discuss three types of retailer supplier partnerships: quick response, continuous replenishment, and vendor-managed inventory (VMI). For each type, discuss situations where that type would be preferred over the other two. For instance, compare quick response to continuous replenishment: under what conditions is one preferred over the other (Simchi-Levi, Kaminsky, & Simchi-Levi, 2008, p. 263)
Discuss the various possibilities for inventory ownership policies in a VMI arrangement. What are the advantages and disadvantages of each of these policies (Simchi-Levi, et al.. 2008, p. 263)?