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 logistic expenses is referred to as _________.
A) efficient consumer response
B) order replenishment systems
C) alacrity systems
D) minimum-inventory systems
E) web-based response systems
Correct Answer:
Verified
Q264: Another name for efficient consumer response is
Q266: Convenience refers to
A)the concept that there should
Q267: Another name for order cycle time is
A)physical
Q268: Saks Fifth Avenue has a point-of-sale scanner
Q270: The lag from ordering an item until
Q271: Another name for quick response systems is
Q272: The limited employs a quick response system
Q273: Inventory management systems that are designed to
Q300: Dependability is the consistency of replenishment. This
Q320: Dependability is the consistency of replenishment. This
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