An Efficient Consumer Response System Refers to

question 83

Multiple Choice

An efficient consumer response system refers to

• A) an order replenishment system that maintains a 10 percent inventory rate at all times in order to guarantee there will never be stockouts.
• B) an online virtual inventory storage program that allows firms to enter in minute-by-minute information in order to avoid stockouts due to unforeseen environmental forces.
• C) a computer program that allows even the smallest manufacturer to manage its inventory system.
• D) an inventory management system that is designed to make the process of reordering and receiving products as simple as possible.
• E) an exclusive contractual agreement between delivery services such as FedEx or UPS to deliver expedited orders at a special low rate, regardless of the day and time.

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Definitions:

Electric Arc Welding

A type of welding process using an electrical arc to generate heat to melt and join metals together.

Eye Protection Filter

A protective device or coating that shields the eyes from harmful light or debris.

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A process that uses a mixture of oxygen and acetylene gases to cut through metal by burning or oxidizing.

Ground Clamp

An electrical clamp designed to securely connect grounding wires to a rod or other types of grounding systems, ensuring a safe path for excess electricity.