A Quick Response (QR)inventory Management System Seeks to _____

question 24

Multiple Choice

A quick response (QR) inventory management system seeks to _____.

• A)decrease inventory ordering costs
• B)decrease delivery lead time from vendors
• C)increase the quantity discounts available to a retailer
• D)decrease inventory holding costs

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Definitions:

Company's Facilities

The physical resources of a company, including buildings, machinery, and equipment.

Risk Management

A process that identifies, controls, and minimizes the impact of threats, in an effort to reduce risk to manageable levels.

Controls

Measures implemented to regulate processes, systems, or environments, ensuring that activities are conducted in a consistent and secure manner.

Networks

Collections of computers, servers, mainframes, network devices, peripherals, or other devices connected to one another to allow the sharing of data.