Which of the Following Does Not Describes the Ways to Reduce

question 17

Multiple Choice

Which of the following does not describes the ways to reduce the level of inventory in the supply chain and the number of stockouts in the stores?

• A) Using EDI
• B) Sharing information
• C) Using reverse logistics
• D) Using vendor-managed inventory (VMI)
• E) Employing collaborative planning,forecasting,and replenishment (CPRF)

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Definitions:

Measures of Center

Quantitative measures that describe the central tendency of a data set, including mean, median, and mode.

Measures of Variability

Statistical indicators that describe the spread or dispersion within a dataset, such as range, variance, and standard deviation.

Standard Deviation

A measure of the dispersion or variability in a set of data points, representing the average distance from the mean.

Variance

A metric that quantifies the spread of data points, by calculating the mean of squared variations from the central value.