Shorter Lead Times Allow Retailers

question 66

Multiple Choice

Shorter lead times allow retailers

• A) access to a more diverse supply chain.
• B) to reduce the need for pick tickets.
• C) to skip advanced shipping notices.
• D) to replace JIT systems with VMI systems.
• E) to reduce the needed level of inventories.

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Definitions:

Conscious

The state of being aware of and able to think about one's own existence, sensations, thoughts, surroundings, etc.

Personality

The combination of characteristics or qualities that form an individual's distinctive character, influencing behaviors, thoughts, and emotions.

Collective Unconscious

A concept in psychoanalysis that suggests there exist universal psychic structures inherent to all human beings.

Commonsense Observations

Commonsense observations are judgments or inferences made based on everyday experience and intuition rather than systematic empirical evidence.