Inventory Management Systems That Are Designed to Make the Process

question 146

Multiple Choice

Inventory management systems that are designed to make the process of reordering and receiving products as simple as possible are referred to as

• A)efficient consumer response systems.
• B)order replenishment systems.
• C)customer logistics factors.
• D)minimum-inventory systems.
• E)web-based response systems.

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Definitions:

National Credit Card

A credit card that is widely accepted across a given nation, often issued by major banks or credit card companies.

Retailers

Businesses that sell goods or services directly to consumers.

Cash Sale

A transaction in which goods or services are exchanged for immediate payment in cash or its equivalent.

Sale of Receivables

Sale of Receivables involves a company selling its outstanding invoices to a third party to receive immediate payment, typically at a discount.