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:

Rectangle

A quadrilateral with four right angles and two pairs of parallel and equal sides.

Deck

In construction, a flat surface capable of supporting weight, similar to a floor, but typically constructed outdoors and often connected to a building.

Origination Fee

This fee is money paid to the lending institution for the paperwork involved in the loan application process.

Prepaid Interest

Interest payments made in advance of their due date, typically associated with the initial costs of obtaining a mortgage.