The Practice of Locating Stock Closer to Customers at a Warehouse,distribution

question 128

Multiple Choice

The practice of locating stock closer to customers at a warehouse,distribution centre,wholesaler,or retailer is referred to as

• A) inventory pooling.
• B) vendor managed inventories.
• C) forward placement.
• D) channel assembly.

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Definitions:

Wilcoxon Rank Test

A nonparametric statistical test used to compare two related samples, to assess whether their population means ranks differ.

Nonparametric Tests

Statistical tests that do not assume a specific distribution for the data, making them appropriate for non-normal data distributions or ordinal and nominal data.

Preschool

An educational establishment or learning environment for children before they begin compulsory education at primary school.

Degrees of Freedom

The number of independent values or quantities which can vary in the calculation of a statistic.