The Walter Reece Chihuahua Sweater Co. (GRCCo) was established in 2013. It recently signed a large contract with PetCo pet stores. GRCCo will be required to track and forecast sweater sales by linking in to PetCo's sales database. GRCCo will then be responsible for shipping products to PetCo as needed. The relationship between GRCCo and PetCo is an example of vendor-managed inventory. Option D
Generally, A vendor-managed inventory is a method of inventory management in which a supplier of products, often the manufacturer, is in charge of maximizing the inventory that is kept by a distributor. This responsibility falls under inventory management.
A merchant is responsible for making his or her own choices about the order size under the conventional model of inventory management.
The vendor will be located at the client's location, and the vendor will determine when and how much inventory needs to be bought; nevertheless, the customer will be responsible for placing the order and will own the goods (example Fastener VMI)
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CQ
1) The Gwallter Reece Chihuahua Sweater Co. (GRCCo) was established in 2013. It recently signed a large contract with PetCo pet stores. GRCCo will be required to track and forecast sweater sales by linking in to PetCo's sales database. GRCCo will then be responsible for shipping products to PetCo as needed. The relationship between GRCCo and PetCo is an example of
A) sales force automation.
B) electronic data interchange.
C) optical character recognition.
D) vendor-managed inventory.
