Inventory management that is done in a collaborative manner.

Consists of a buyer and a supplier

working together to improve stock availability and cut costs. This is frequently accomplished by sharing
forecast data and following an unified strategy.

Consignment. This is a form of inventory management and replenishment in which a buyer only pays for
things held at a third-party site after they have been sold to a consumer.

Unsold items are frequently able to be returned to the provider. Wikipedia defines it as “the act of
giving over to another person or agent’s charge, custody or care any material or goods but retaining
legal ownership until the material or goods are sold.” It entails sending things to a third party, yet the
sender retains ownership of the commodities.