RMG 200 Lecture Notes - Lecture 7: Universal Product Code, Electronic Data Interchange, Vendor-Managed Inventory

• School: Ryerson University
• Department: Retail Management
• Course: RMG 200
• Professor: Mark Lee

Document Summary

Week 7 - info systems & merchandise management. A set of activities and techniques firms employ to efficiently and effectively manage the flow of merchandise from vendors to the retailer"s customers. How products flow through the supply chain to the consumer. Products are ready to be shipped and displayed. Gives retailers less room to change markup price. Part of the supply chain process that plans, implements, and controls the efficient and effective flow of goods, services and related information from the point of origin to the point of consumption to meet customers" requirement. Merchandise is allocated to stores on the basis of historical demand, the inventory position at the distribution centre and the store"s needs. Orders for merchandise are generated at store level on the basis of demand data captured by point of sales terminals. Vendors can plan their purchases of raw materials and manufacturing processes to match the retailer"s merchandise needs.