You're the CEO of a national chain of carpet, flooring, and tile stores. Your company sources hundreds of finished products from a wide array of suppliers, sells them through your stores, and then contracts with independent installers to deliver and install the products in homes and businesses all across the country. Lately you've been wondering if you could improve your company's financial performance by examining all aspects of this system. Which of the following do you think would be the most useful tool for this purpose?
A) CRM, a software system that allows you to better track your interactions with your customers
B) ERP, an integrated software that consolidates data from all of your stores
C) Logistical cost control, a method of evaluating how to add value for your customers through logistical changes
D) RFID, a tool that requires placing a tiny tracking chip on all inventoried items
Correct Answer:
Verified
Q140: You're finding your new job as the
Q141: You're the production manager for Blue Ribbon
Q142: Out of the icy waters of southern
Q143: For more than a century, the Chanel
Q144: Several years ago, in order to help
Q146: Champagne lovers are familiar with the highly
Q147: You're the chief marketing officer for Mars,
Q148: At Microsoft, you're responsible for marketing the
Q149: You'd like to own your own business,
Q150: The holiday season is coming up soon,
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents