Forever 21 has adopted an inventory system that reduces the amount of time between the recognition that an order needs to be placed and the arrival of the needed merchandise at the seller's store,available for sale.This increases product availability and lowers inventory investment.These benefits are attributed to the _______ system.
A) cross-docking
B) UPC
C) just-in-time (JIT)
D) EDI
E) vendor-managed inventory

Question

Quizplus · Accepted Answer

The description provided in the question is a characteristic of just-in-time inventory management system, which focuses on having the right quantity of inventory at the right time to meet customer demand while minimizing inventory holding costs. Cross-docking, UPC, EDI, and vendor-managed inventory can be helpful in inventory management, but they do not necessarily address the specific benefits mentioned in the question.

Forever 21 Has Adopted an Inventory System That Reduces the Amount