Question

When Wal-Mart sells a package of diapers, the company captures data on that sale at its point-of-sale terminal and transmits that data to the company that makes the diapers. When it is necessary, the diaper company restocks the diapers in that Wal-Mart store. This process is called:_____.

Answer 1

Answer: vendor managed inventory

Answer 2

vendor managed inventory

Step-by-step explanation:

ERP management software and extranets allow this type of inventory management system. The extranet allows the vendor (supplier) to access the store's merchandise inventory and when it reaches a certain level, it will send more goods to replenish the inventory. This inventory management model is useful because it decreases Walmart's tasks while speeding the vendor's sales process.