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Explain Inventory Management and its influence on Supply Chain Management/Operations. Define and discuss vendor-managed inventory. How does the vendor-managed inventory process improve the supply chain? Identify a company that uses the vendor-managed inventory method process and describe how the system has affected their operations management processes.
You are required to provide a comprehensive initial post with 3–4 well-developed paragraphs that include a topic sentence and at least 3–5 supporting sentences with additional details, explanations, and examples.