What Is Efficient Consumer Response (ECR)? What Changes Must Be

question 37

Essay

What is efficient consumer response (ECR)? What changes must be made by a supply chain manager to implement ECR?

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Definitions:

Brain Functioning

The activities and processes that occur within the brain to support mental and physical actions, including cognition, emotion, and coordination.

Mathematical Summaries

Concise representation of a larger set of data or mathematical information, often in the form of averages, medians, modes, or graphs.

Descriptive Statistics

Statistical procedures used to summarize, organize, and simplify data in order to describe its main features.

Data

Information collected for reference or analysis, often numeric, which can be used in making decisions or discussing facts.