RMG 200 Study Guide - Final Guide: Big Data, Geographical Pricing, Chief Executive Officer

• School: Ryerson University
• Department: Retail Management
• Course: RMG 200
• Professor: Janice Kuo

Document Summary

Week 7 march 9th 2017 chapter 9. Module 6: information system, supply chain management & merchandise management. A document that tells the distribution centre what specifically is being shipped and when it will be delivered: electronic data interchange, the computer-to-computer exchange of business documents between vendor and retailer. The development and use of these standards is critical to the use of edi because they enable all retailers to use the same format when transmitting data to their vendors. Supply chain terms: cross docked items that are pre-packaged for a particular store. Retail technology that enables coordination: quick response delivery system (qr, started in retail 80"s. If there is a mistake all # can go wrong can do a manual count inventory savings, eliminate counterfeit merchandise, reduce stock out, reduce theft. Process by which a retailer attempts to offer the right quantity of the right merchandise in the right place at the right time and meet the company"s financial goals.