retailers need to look at the replenishment cycles in each store for items that have had significant sale
increase or decrease and rework the …
(A) Ups and down
(B) minimum-maximum
(C) pits and falls
(D) variations
Answers
Answer:
(B) minimum-maximum
Explanation:
(B) minimum-maximum
Answer:
Replenishment is an area within operations where retailers can find an edge to beat the competition and delight the customer. Dictionaries define Replenishment as “filling again by supplying what has been used up.” This definition does not adequately address the business conditions in retail inventory management. After all, if an item recently sold several hundred pieces for an ad that has concluded – should several hundred more be brought in to replace what has been sold?
What if an item is going to be discontinued next month or just completed a major season such as candy corn in November – should replenishment blindly fill in again? The complexities of retail dictate that replenishment processes and solutions are more sophisticated than this initial definition. When looking at retail replenishment, a more appropriate definition would be “acquiring product on a recurring basis to support anticipated need.”