A company finds that tracking demand for products sold at its retail outlets makes forecasting a challenge. Which of the following would be MOST useful in providing rapid updates when dealing with suppliers?
A point-of-sale (POS) system would be most useful for providing rapid updates when dealing with suppliers. POS systems capture real-time sales data, allowing for accurate and timely tracking of demand at retail outlets. This information aids in precise forecasting and inventory management, facilitating better supplier communication. Reference: Retail management and technology integration in supply chains.
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