In a retail environment,rather than build inventories of merchandise that might sit for months before selling (or worse,never sell at all),retailers using ________ replenish their inventories constantly on an as-needed basis.
A)Electronic Inventory Process
B)Electronic Consumer Behavior
C)Efficient Consumer Response (ECR)
D)None of the above

Question

Quizplus · Accepted Answer

Efficient Consumer Response (ECR) is a supply chain management strategy that enables retailers to replenish their inventories quickly and efficiently based on consumer demand. It involves using electronic communication and data exchange to streamline the flow of products from suppliers to retailers, reducing inventory waste and maximizing profitability.

In a Retail Environment,rather Than Build Inventories of Merchandise That