Efficient Consumer Response System Refers to

Multiple Choice

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 reduce the retailer's lead time for receiving merchandise, which then lowers its inventory investment, improves customer service levels, and reduces logistics expense.
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.