Efficient consumer response (ECR)is an example of _____.
A)electronic data interchange
B)floor-ready merchandise
C)third-party logistics
D)collaborative planning,forecasting,and replenishment

Question

Quizplus · Accepted Answer

Efficient consumer response (ECR) is a collaborative business initiative in the retail industry that involves collaboration between retailers and suppliers to improve supply chain efficiency through collaborative planning, forecasting, and replenishment (CPFR). Electronic data interchange (EDI) is a technology used to exchange business documents electronically, while floor-ready merchandise and third-party logistics are specific aspects of supply chain management that may be utilized as part of an overall ECR strategy. However, the best choice in this case is D, as it specifically refers to the collaborative planning and forecasting aspect of ECR.

Efficient Consumer Response (ECR)is an Example of _____