RMG 200 Lecture Notes - Lecture 6: Radio-Frequency Identification, Vendor-Managed Inventory, Universal Product Code

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

Document Summary

Lecture 6 information systems, supply chain management and merchandise management. Vendors can plan their purchases of raw. Bullwhip effect: the build-up of excess materials and manufacturing processes to. Causes: delays in transmitting orders and receiving merchandise, overreacting to. Reduction in overstock and stock-outs. shortages, ordering in batches. Each merchandise group is managed by a general merchandise manager (gmm), senior vp. Department: departments are managed by a divisional merchandise manager (dmm). Classification: a group of items targeted at the same customer type, such as girls" sizes 4-6; buyers are responsible for one or more classifications. Category: a buyer manages one or more merchandise category (sportswear, dresses, etc. Sku: the smallest unit avaliable for inventory control. Introduction, growth, maturity, decline: assortment plan, breadth number of different merchandising categories (variety) within a store or department. # of skus within the category (broad or narrow): depth the amount of a particular item that a retailer will stock.