Efficient consumer response systems refer to
A) an order replenishment system that maintains a ten percent inventory rate at all times in order to guarantee there will never be stockouts.
B) an online virtual inventory storage program that allows firms to enter in minute-by-minute information in order to avoid stockouts due to unforeseen environmental forces.
C) a computer program that allows even the smallest manufacturer to manage his or her own inventory system.
D) inventory management systems that are designed to reduce the retailer's lead time for receiving merchandise which then lowers a retailer's inventory investment, improves customer service levels, and reduces logistics expense.
E) exclusive contractual agreements between delivery services such as Federal Express, or UPS to deliver rush orders at a special low rate, regardless of the day, time, or other package traffic.
Correct Answer:
Verified
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A) the time lag
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