Question

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.

Answer 1

The relationship between Zeller Hub and Welknit Knitting Co. can be described as a business partnership or a business-to-business (B2B) relationship. Zeller Hub has developed a supplier portal software that allows both companies to share inventory and stock lists, improving supply chain management and increasing profitability.

Step-by-step explanation:

The relationship between Zeller Hub and Welknit Knitting Co. can be described as a business partnership or a business-to-business (B2B) relationship.

Zeller Hub, a Canadian discount store, has developed a supplier portal software that allows both companies to share inventory and stock lists on a daily basis. This system helps in controlling excess stock and inventories, which ultimately increases profitability for both parties.

By leveraging this supplier portal software, Zeller Hub and Welknit Knitting Co. can improve their supply chain management and ensure effective coordination between their respective operations.