Which of the Following Statements About Walmart's Global Replenishment System

question 31

Multiple Choice

Which of the following statements about Walmart's Global Replenishment System (GRS) is not true?

• A) GRS is an online analytics package.
• B) GRS is a just-in-time inventory management system.
• C) GRS is predictive, not just reflective, of past sales.
• D) GRS is based on past point-of-sale data.

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Definitions:

Direct Materials

Direct materials are raw materials that are directly traceable to the manufacturing of a product and constitute a significant portion of the product's cost.

Direct Labor-Hours

The full sum of time spent by employees directly engaged in the process of creating products.

Variable Overhead

Costs that change with production volume but are not directly tied to specific units, such as utilities for the manufacturing plant.

Direct Materials

Raw materials that are directly traceable and allocable to a finished product in the manufacturing process.