Which mathematical inventory management system, developed in the 1980s, revolutionized retail supply chains by using statistical models to minimize stockouts while reducing overall inventory costs?

The integration of advanced mathematics has transformed the retail industry in countless ways. From inventory optimization algorithms to predictive analytics for consumer behavior, mathematics drives modern retail innovation. This poll tests your knowledge about a groundbreaking mathematical approach that revolutionized supply chain management and became a cornerstone of modern retail operations.

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Just-In-Time (JIT) Inventory
Efficient Consumer Response (ECR)
Economic Order Quantity (EOQ)
Material Requirements Planning (MRP)