Which of the Following Does NOT Describe the Ways to Reduce

question 79

Multiple Choice

Which of the following does NOT describe the ways to reduce the level of inventory in the supply chain and the number of stockouts in the stores?

• A) using vendor-managed inventory (VMI)
• B) employing collaborative planning, forecasting, and replenishment (CPFR)
• C) using reverse logistics
• D) using EDI
• E) sharing information

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Definitions:

Group-oriented

Describes individuals or practices focused on the goals, needs, or activities of a group rather than those of individuals.

Pay Plan

A structured payment system that outlines the wages, salaries, bonuses, and other financial compensations employees receive for their work.

Gain-sharing Program

A compensation strategy where employees receive bonuses based on improvements in the company's performance, fostering a sense of ownership and teamwork.

Unionized

The status of employees or a workforce that is represented by a labor union, which negotiates wages, working conditions, and other employment terms on their behalf.