Exam 15: Implementing Merchandise Plans

In order for quick response (QR)inventory planning to be effective,________.

Customer requests for unstocked or out-of-stock merchandise are recorded in a(n)________.

Opportunistic buying generally relies upon negotiated contracts.

A disadvantage to the use of frequent ordering in small quantities is the ________.

Overall shrinkage accounts (employee theft,customer shoplifting,vendor theft,and administrative errors)accounts for approximately what percent of total retail sales in the United States?

A retailer and a supplier both utilize relationship marketing.Which merchandise source do they best illustrate?

Electronic data interchange (EDI)and floor-ready merchandise are important components of ________.

The major difference between a consignment purchase and a memorandum purchase is based on ________.

Efficient consumer response (ECR)incorporates quick response (QR)inventory planning,electronic data interchange (EDI),and logistics planning.

A supermarket's developing a system to handle returnable bottles is an example of reverse logistics.

A major disadvantage with a want book system used to gather information about consumer demand is that ________.

The processing of returns and damaged goods is part of ________.

The sale of floor-ready merchandise by a supplier increases the responsibilities of the supplier beyond just providing the merchandise.

Orders for merchandise in a quick response (QR)inventory system are generally made using negotiated contracts.

Describe the use of chargebacks from the perspectives of channel power and ethics.

Third-party logistics is another term for ________.

A paperless,computer-to-computer relationship between retailers and vendors is ________.

Unlike other methods of inventory management,logistics ________.

Excessive use of chargebacks by a retailer illustrates ________.

A regular order is characterized by ________.