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Wal-Mart Provides P&G Access to Sales Information on Every Item

question 101

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Wal-Mart provides P&G access to sales information on every item Wal-Mart buys from P&G.The information is collected by P&G on a daily basis from every Wal-Mart store,and P&G uses the information to manage the inventory replenishment for Wal-Mart.This is an example of:


Definitions:

Order Paper

An official document listing the business or orders of the day for parliamentary or legislative bodies.

Indorsement

Writing on the back of an instrument; the contract whereby the holder of an instrument (such as a draft, check, or note) or a document (such as a warehouse receipt or bill of lading) transfers to another person his right to such instrument and incurs the liabilities incident to the transfer.

Negotiated

The process of discussing terms in order to reach a mutual agreement, often used in the context of contracts, salaries, and business deals.

Fixed Amount

A specified sum that does not vary or change under specified conditions.

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