A progressive approach to control inventory is called:

Supplier-Managed Inventory (SMI), often called Vendor-Managed Inventory (VMI), is a progressive inventory control strategy. It represents a shift from traditional, siloed inventory management to a collaborative partnership where the supplier assumes responsibility for monitoring and replenishing the customer's inventory. This approach leverages shared information systems to optimize inventory levels, reduce stockouts, and lower administrative costs for the buyer. Its focus on integration and partnership makes it a modern, or "progressive," method for enhancing supply chain efficiency.

A. Materials inventory: This is a classification of inventory (e.g., raw materials, components), not a strategic approach to control it.

B. Delays in production approach: This is not a recognized inventory management strategy; it describes a negative operational outcome, not a deliberate control method.

D. Depleted control approach: This is not a standard term. It implies a reactive and inefficient method, which is the opposite of a progressive strategy.

1. Waller

M.

Johnson

M. E.

& Davis

T. (1999). Vendor-managed inventory in the retail supply chain. Journal of Business Logistics

20(1)

183-203. This paper describes VMI as an innovative approach for synchronizing supply chain activities

highlighting its progressive nature compared to traditional models.

2. MIT OpenCourseWare. (2006). 15.762J Supply Chain Planning

Session 18: Vendor Managed Inventory (VMI). Massachusetts Institute of Technology. Retrieved from https://ocw.mit.edu/courses/15-762j-supply-chain-planning-spring-2006/resources/lec18/. The course material defines VMI as a partnership where the supplier

not the customer

makes inventory replenishment decisions

characterizing it as an advanced

collaborative strategy.

3. Disney

S. M.

& Towill

D. R. (2003). The effect of vendor managed inventory (VMI) dynamics on the Bullwhip Effect in supply chains. International Journal of Production Economics

85(2)

199-215. This peer-reviewed article analyzes VMI as a key collaborative initiative to improve overall supply chain performance.