Which inventory management system in retailing corresponds to a just-in-time inventory management system?
A) computer-based UPC scanning
B) quick response (QR) inventory planning
C) automatic reordering
D) economic order quantity

Question

Quizplus · Accepted Answer

Quick response (QR) inventory planning is a type of inventory management system that closely resembles the just-in-time concept, as it involves ordering products from suppliers only as they are needed. This helps retailers reduce excess inventory and avoid overstocking, which can free up capital and storage space.

Which Inventory Management System in Retailing Corresponds to a Just-In-Time