Which inventory management system in retailing corresponds to a just-in-time inventory management system?
A)automatic reordering
B)computer-based UPC scanning
C)economic order quantity
D)quick response inventory planning

Question

Quizplus · Accepted Answer

Quick response inventory planning is the closest fit to a just-in-time inventory management system in retailing. Just-in-time inventory management focuses on minimizing inventory levels and maximizing the efficiency of inventory movement. Quick response inventory planning is a similar concept that relies on analyzing sales data to quickly react to changing customer demand and adjust inventory levels accordingly. The other options (automatic reordering, computer-based UPC scanning, and economic order quantity) do not specifically align with the principles of just-in-time inventory management.

Which Inventory Management System in Retailing Corresponds to a Just-In-Time