When Walmart sells a package of diapers, the company captures data on that sale at its point-of-sale terminal and transmits the data to the company that makes the diapers. When it is necessary, the diaper company restocks the diapers in that Walmart store. This process is called:
A)Supply chain management
B)Demand chain management
C)Vendor-managed inventory
D)Enterprise resource planning inventory
E)Just-in-time inventory

Question

Quizplus · Accepted Answer

This process is an example of vendor-managed inventory, where the supplier (diaper company) is responsible for monitoring and restocking inventory levels in the retailer's store. Supply chain management encompasses the entire process of procuring and managing goods and services, while demand chain management focuses on anticipating and fulfilling customer demand. Enterprise resource planning inventory and just-in-time inventory are specific inventory management techniques that may be used within supply chain or demand chain management.

When Walmart Sells a Package of Diapers, the Company Captures