The Squishy Things Toy Company was established in 1948.It recently signed a large contract with a chain of retail toy stores.As a condition of the contract,the Squishy will be required to track and forecast product sales by linking in to the chain's sales database.Squishy will then be responsible for shipping products to the chain's regional warehouses as needed.The relationship between Squishy and the chain is an example of

Question

Quizplus · Accepted Answer

The situation described is an example of vendor-managed inventory, where the vendor (Squishy) is responsible for tracking and forecasting sales data and managing inventory levels at the retailer's warehouses. The use of electronic data interchange (EDI) may be a part of this process, but it is not the defining feature of vendor-managed inventory. Sales force automation and optical character recognition are not directly relevant to this scenario.

The Squishy Things Toy Company Was Established in 1948