Which supply chain innovation, introduced by Walmart in the 1980s and now industry standard, dramatically reduced inventory costs by requiring suppliers to replenish products based on actual consumption data?

Supply chain management is the backbone of successful retail operations, yet many consumers aren't aware of the complex logistics that deliver products to store shelves. Test your knowledge about modern retail supply chain innovations that have transformed how products move from manufacturers to consumers. Do you understand the technologies and strategies that power today's retail supply chains?

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Vendor-Managed Inventory (VMI)
Just-In-Time (JIT) Delivery
Cross-Docking
Electronic Data Interchange (EDI)