Zeller Hub,a Canadian discount store,has developed a supplier portal software from the inputs given by the experts in its retailing division and its supplier Welknit Knitting Co.This information system will share inventory and stock lists of both the companies on a daily basis.It will,thus,aid the continuing relationship between the companies and increase the profitability of both the parties by controlling excess stock and inventories.Identify the relationship between Zeller Hub and Welknit Knitting Co.

Question

Quizplus · Accepted Answer

Zeller Hub and Welknit Knitting Co. have a strategic partnership as they have developed a software system to share inventory and stock lists on a daily basis, which will aid in increasing the profitability of both parties. This indicates a collaborative relationship towards achieving a common goal.

Zeller Hub,a Canadian Discount Store,has Developed a Supplier Portal Software