A retailer reduces the amount of inventory it keeps on hand by ordering more frequently and in lower quantity through _____.
A)quick response inventory planning
B)top-down inventory planning
C)bottom-up inventory planning
D)UPC-based computerized ordering systems

Question

Quizplus · Accepted Answer

Quick response inventory planning is a strategy that emphasizes frequent and timely communication between a retailer and its suppliers to facilitate coordination and responsiveness in inventory management. By ordering more frequently and in lower quantities, retailers can more accurately respond to changes in demand and reduce the amount of inventory they need to keep on hand at any given time. This can help improve efficiency and reduce costs associated with storing and managing excess inventory.

A Retailer Reduces the Amount of Inventory It Keeps on Hand