By Using EDI in the QR System, Lead Times Are

question 22

Multiple Choice

By using EDI in the QR system, lead times are reduced because:

• A) retailers are prepared to receive merchandise and schedule associates accordingly
• B) vendors can predict what the customer wants, and vendors place all orders
• C) inventory can be stored in the distribution centre with no fees for a delay
• D) there is no need to use the mail, overnight deliveries, or even fax
• E) there is no need to order at all because the buyers monitor daily sales

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Definitions:

Net Sales

The revenue from sales after deducting returns, allowances for damaged or missing goods, and discounts.

Times Interest Earned

A metric that measures a company's ability to meet its interest payments on outstanding debt.

Interest Expense

The expense an organization faces for borrowing money over a certain duration.

Return On Assets

A financial ratio indicating how efficiently a company uses its assets to generate profit.