Electronic Data Interchange (EDI) Enables ____ Inventory Systems, Which Rely

question 82

Multiple Choice

Electronic data interchange (EDI) enables ____ inventory systems, which rely on computer-to-computer data exchange to minimize unnecessary inventory.

• A)CRM
• B)TCO
• C)JIT
• D)RFID

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Definitions:

Nominal Group Technique

A structured method for group brainstorming that encourages contributions from everyone in the group to identify solutions for problems.

Problem-Solving Technique

Methodologies or approaches applied to identify solutions to complex issues or challenges.

Delphi Technique

A method used in forecasting and decision-making, where a panel of experts answers questionnaires in several rounds, and after each round, their responses are aggregated and shared with the group for further refinement.

Nominal Group Technique

A structured method for group brainstorming that encourages contributions from everyone in the group by having members write down their ideas and then collectively discussing and ranking them.