Complete Question:
When Walmart transmits information electronically each day to Wrangler jeans about unit sales of this product in its retail outlets so that Wrangler can replenish Walmart's inventory on an as-needed basis. What term describes this function?
Answer:
Electronic data interchange.
Explanation:
In this scenario, Walmart transmits information electronically each day to Wrangler jeans about unit sales of product in its retail outlets so that Wrangler can replenish Walmart's inventory on an as-needed basis. Therefore, the term which best describes this function is electronic data interchange (EDI).
An electronic data interchange (EDI) can be defined as a business communication model that typically involves electronically communicating (computer-to-computer) business informations such as invoices, inventories etc between two or more business partners, through the use of standard formats.
Basically, electronic data interchange (EDI) annuls the communication of business documents (informations) through the use of traditional methodologies such as papers, fax or postal mail etc. by providing standardized electronic formats for businesses.
