What is an inventory management system used in retailing in which merchandise is received just in time for sale when the customer wants?
A)Electronic data interchange system
B)Universal product system
C)Franchising system
D)Quick response system
E)Radio frequency identification system

Question

Quizplus · Accepted Answer

Quick response system (QRS) is an inventory management system used in retailing in which merchandise is received just in time for sale when the customer wants. QRS utilizes data analytics and real-time information to quickly respond to consumer demands, optimizing inventory levels and reducing costs. This system also helps retailers reduce the risk of overstocking or stockouts, leading to increased profitability.

What Is an Inventory Management System Used in Retailing in Which