Solved

Efficient Consumer Response Systems Refer to

Question 280

Multiple Choice

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:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents