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Inventory Management Systems That Are Designed to Reduce the Retailer's

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Inventory management systems that are designed to reduce the retailer's lead time for receiving merchandise,which then lower a retailer's inventory investment,improve customer service levels,and reduce logistics expense are referred to as

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Definitions:

Equitable

Fair or impartial treatment, ensuring equality and fairness within procedures, processes, or distribution.

Individual Needs

The specific physical or psychological desires or necessities of a person that motivate behavior towards their fulfillment.

Psychological State

A person's mental and emotional condition at a given time, influenced by various factors such as environment, genetics, and personal experiences.

Autonomy

The degree of freedom and independence an individual or entity has to make decisions and take actions.

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