Quick response systems refer to
A) an order replenishment system that maintains a 10 percent inventory cushion at all times in order to guarantee there will never be stockouts.
B) inventory management systems that are designed to reduce a retailer's lead time for receiving merchandise, which then lowers its inventory investment, improves its customer service levels, and reduce its total logistics expense.
C) an information and organizational program that allows even the smallest manufacturer to manage inventory management systems.
D) exclusive contractual agreements between delivery services such as Federal Express or UPS to deliver rush orders at a special low rate, regardless of the day, time, or package size.
E) an online inventory storage program that allows firms to enter up-to-the-minute information in order to avoid stockouts due to unforeseen environmental forces.
Answer: B - inventory management