RMG 200 Lecture Notes - Lecture 10: Affinity Analysis, Job Satisfaction, Data Mining
24 Apr 2016
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Document Summary
Supply chain mgmt set of activities and techniques firms employ to manage flow of merchandise from vendor to retailer to customer. Plans and implements flow of goods, services, and info from point of origin to point of consumption. Orders for merchandise are generated at store-level on the basis of demand data captured by pos terminals. Merchandise is allocated to stores on the basis of historical demand, inventory position at the distribution centre, and the store"s needs. Vendors plan their purchase of raw materials and manufacturing processes to match retailer needs. Vendor is responsible for maintaining the retailer"s inventory levels. Allows object or person to be identified at a distance: process movement b/w inventory. Merchandise management includes [ ] of retail ops: Handling merch available at required store at right time and right condition. Group of items targeting same customer type: i. e. girls sizes 4-6. Buyer manages several merchandise categories: i. e. sportswear, dresses, outerwear, for girls sizes 4-6.
