Which inventory management system results in longer-term retailer-vendor relationships and frequent reordering?
A) computer-based UPC scanning
B) automatic recording
C) quick response (QR) inventory planning
D) economic order quantity

Question

Quizplus · Accepted Answer

Quick response (QR) inventory planning, also known as Vendor Managed Inventory (VMI), involves the vendor having access to the retailer's inventory and managing the restocking of items. This results in a closer relationship between the retailer and vendor, as well as frequent reordering, leading to longer-term relationships.

Which Inventory Management System Results in Longer-Term Retailer-Vendor Relationships and Frequent