Get to know the vital terms of Logistics and Supply Chain Management.
Quick Response (QR) is a tactic widely used by general merchandise and soft lines merchants and manufacturers to reduce retail out-of-stocks, markdowns, and operating costs. Reduced response times and improved delivery accuracy help achieve this. With the sharing of point-of-sale scan data, QR requires suppliers and retailers to work together to quickly meet customer demands and enable more precise replenishment projections.
