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

question 155

Multiple Choice

Inventory management systems that are designed to reduce the retailer's lead time for receiving merchandise,which then lowers its inventory investment,improves customer service levels,and reduces logistic expenses is 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

---

Definitions:

Extension

The act of lengthening the time or term of something, such as a deadline or a contract.

Westlaw

An online legal research service and proprietary database for lawyers and legal professionals available in over 60 countries.

Lexis

A comprehensive computerized legal research service that provides users with access to a vast database of legal resources, including statutes, case law, and legal journal articles.

Research Tool

Instruments or resources used to gather, identify, and analyze information, often utilized in legal settings to support case preparation or academic study.