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The document discusses several concepts related to the retail supply chain including quick response, automatic replenishment, efficiency consumer response, collaborative planning, forecasting and replenishment, and retail exchange. Quick response aims to provide exact quantities to retailers with minimal lead times. Automatic replenishment is part of quick response programs. Efficiency consumer response was developed for grocery and aims to reduce non-value adding costs. Collaborative planning combines information from all supply chain players. Retail exchange automates exchange of information between buyers and suppliers.

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Zahied Mukaddam
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334 views1 page

sch4801 1

The document discusses several concepts related to the retail supply chain including quick response, automatic replenishment, efficiency consumer response, collaborative planning, forecasting and replenishment, and retail exchange. Quick response aims to provide exact quantities to retailers with minimal lead times. Automatic replenishment is part of quick response programs. Efficiency consumer response was developed for grocery and aims to reduce non-value adding costs. Collaborative planning combines information from all supply chain players. Retail exchange automates exchange of information between buyers and suppliers.

Uploaded by

Zahied Mukaddam
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as DOCX, PDF, TXT or read online on Scribd
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different concepts developed and accepted within the retail section (section 18.

3) to capture the
key points of each concept

Quick response
• Refers to the vertical strategy in which the manufacturers strive to provide products and services
to their retail customers in exact quantities on a continuation basis with minimal lead times,
resulting in minimum inventory levels throughout the retail apparel supply chain.
• The implementation of Quick response may result in lower prices for customers, lower costs
and addition sales for retailers, and an increased market share for manufacturers.

Automatic replenishment
• Refers to any integral part of any quick response programme.
• The basic components of an automatic replenishment programme include decision-support
systems.

Efficiency consumer response


• ECR was developed for the grocery industry and is based on the same principle as quick
response.
• The goal of ECR is to take out of the supply chain costs that do not add customer value.

Collaborative planning, forecasting and replenishment


• Refers to the holistic approach to supply chain management in retailing, and combines the
information gathered by all the role players in the planning and fulfilment of customer demand.
• It is also a management philosophy or business practice that reduces inventory costs while
improving product availability across the supply chain.

Retail exchange
• Retail exchange aims to automate the retail supply chain between buyers/retailers and their
suppliers/manufacturers.
• It is an electronic platform where a trading community is created on which partners can
exchange, capture, match, manage, and process supply chain information for the benefit of all the
role players.
The retail sector encompasses a wide range of concepts that have been developed and accepted to
cater to diverse consumer needs and preferences. Here is a summary of some key concepts within
the retail sector:

Brick-and-Mortar Retail: This traditional concept involves physical stores where customers can
browse and purchase products. It offers a hands-on shopping experience and allows customers to
interact with products and receive immediate assistance from sales staff.

E-commerce: With the rise of the internet, e-commerce has gained significant popularity. It
involves online platforms and websites where customers can browse, select, and purchase
products from the comfort of their homes. E-commerce offers convenience, a vast product
selection, and the ability to compare prices and read customer reviews.

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