Which of the following statements is true about continuous replenishment program (CRP)?

Question

Quizplus · Accepted Answer

Continuous replenishment program (CRP) is a method of inventory management in which the supplier is responsible for monitoring and replenishing stock levels at the point of sale. It is a part of efficient consumer response (ECR) which is a joint industry initiative designed to improve the efficiency of the supply chain. CRP allows retailers to reduce their inventory costs while ensuring that they have a constant supply of goods to sell. It is not used for market segmentation and does not increase inventories at the retail side.

Which of the Following Statements Is True About Continuous Replenishment