Retailers and their suppliers can regularly exchange information relating to inventory levels,delivery times,and unit sales through _____.
A)marketing research
B)electronic data interchange
C)data-base management
D)the Universal Product Code

Question

Quizplus · Accepted Answer

Electronic data interchange (EDI) is a digital method of exchanging information between businesses. It allows retailers and their suppliers to share information in a standardized format, including inventory levels, delivery times, and unit sales. This helps both parties to better manage their supply chains and improve their overall efficiency. Marketing research, database management, and the Universal Product Code are not specifically designed for this type of information exchange between retailers and suppliers.

Retailers and Their Suppliers Can Regularly Exchange Information Relating to Inventory