In a retail environment,rather than build inventories of merchandise that might sit for months before selling (or worse,never sell at all),retailers using ________ replenish their inventories constantly on an as-needed basis.
A)electronic inventory process
B)electronic consumer behavior
C)efficient consumer response (ECR)
D)None of the above

Question

Quizplus · Accepted Answer

Efficient Consumer Response (ECR) is a strategy used by retailers to reduce inventory costs and improve supply chain efficiency. This method replenishes inventory as it is needed, based on consumer demand, rather than building up a large inventory that may take a long time to sell. This helps retailers to minimize waste and improve their profitability. Electronic Inventory Process and Electronic Consumer Behavior are not strategies used for replenishing inventory in a retail environment.

In a Retail Environment,rather Than Build Inventories of Merchandise That