Exam 15: Implementing Merchandise Plans

A retailer's risk is minimized in a consignment purchase.

Describe the pros and cons to a retailer's using an outside,regularly used supplier as a merchandise source?

Develop a 10-item store security checklist aimed at reducing customer theft.

A new or special order usually results in a ________.

Opportunistic buying is most frequently used by ________.

An important source of information about consumer demand is the want book or want slip.

Differentiate among efficient consumer response; collaborative planning,forecasting,and replenishment (CPFR); and vendor managed inventory (VMI).

A retailer can shift labeling and handling functions to a manufacturer through the use of ________.

Electronic article surveillance seeks to directly reduce inventory shrinkage by ________.

Quick response (QR)inventory planning is generally used in conjunction with electronic data interchange.

A retailer can most effectively reduce its inventory risk through ________.

The merchandise flow from the retailer back through the supply chain is termed ________.

Which inventory management system in retailing corresponds to a just-in-time inventory management system?

A retailer can eliminate use of its own warehouses through ________.

The basic difference between consignment and memorandum purchases is based on the size of the order.

Opportunistic buying is common among off-price retailers.

An unsatisfactory evaluation may cause a retailer to reject an entire shipment.The retailer is using which form of merchandise evaluation?

a.Explain the differences between RFID and UPC. b.Why have retailers been slow to adopt RFID?

The use of advanced ship notices is an important aspect of ________.

A retailer not indicating markdowns could cause inventory shrinkage numbers to increase.