Quick Response (QR)
Quick Response (QR): A strategy widely adopted by general merchandise and soft lines retailers and manufacturers to reduce retail out-of-stocks, forced markdowns and operating expenses. These goals are accomplished through shipping accuracy and reduced response time. QR is a partnership strategy in which suppliers and retailers work together to respond more rapidly to the consumer by sharing point-of-sale scan data, enabling both to forecast replenishment needs. QR may also refer to bar codes used generally to convey information and web links about a product or service in promotional literature. See also Efficient Consumer Response See also Collaborative Planning, Forecasting and Replenishment ®
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