An Inventory Planner Notes That the Inventory She Is Responsible

question 61

Multiple Choice

An inventory planner notes that the inventory she is responsible for would be best managed by relying on consumer demand.She recommends to her management to implement a _________ that would support being in a better stock position of her managed product by store location.

• A)cross check logistic strategy
• B)pull supply chain strategy
• C)cost efficient logistic strategy
• D)push supply chain strategy
• E)influential logistic strategy

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Definitions:

Real GDP

Gross Domestic Product adjusted for inflation, providing a more accurate representation of an economy's size and growth.

Inflation

The rate at which the general level of prices for goods and services is rising, leading to a decrease in the purchasing power of money.

Consumer Price Index

A measure that examines the weighted average of prices of a basket of consumer goods and services, such as transportation, food, and medical care, used to gauge inflation or deflation.

Producer Price Index

An economic indicator that measures the average change over time in the selling prices received by domestic producers for their output.