Which of the following best defines VMI (vendor-managed inventory)? ANSWER Unselected A system in which the supplier has access to the customer's inventory data and is responsible for maintaining the inventory level required by the customer Unselected A method for identifying items through the use of radio signals from a tag attached to an item Unselected A marketplace where firms place competitive bids to buy something Unselected The packing of products on incoming shipments so that they can be easily sorted at intermediate warehouses for outgoing shipments based on their final destinations