Retail SCM Distribution and Logistics
Learn the importance of Retail Supply Chain Management in this informative course. Discover strategies for effective logistics and distribution management, as well as the role of information technology. Ideal for store owners, entrepreneurs, and logistics operators.
What you’ll learn
- Explain What is Retail Supply Chain Management
- Describe the Basic Supply Chain in Retailing
- Explain What is Supply Chain Node Design (SCND)
- Explain the Role of Logistics in Retail SCM
- Describe the Strategies for Retail Logistics Management
- Explain the Steps of Cross Docking Process
- Explain the Push/Pull Strategies of SCM
- Explain the Retail Warehouse Management System
- Describe the Key Strategies for Distribution Management
- Explain the Factors Contributing to Bull Whip Effect
- Explain the Types of Retail Supply Chain Models
- Describe the Role of Information Technology in Retail SCM
- Explain the Role of Reverse Logistics in Retail SCM
- List the Challenges of Retail SCM
- List the Tips for Effective Retail SCM
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The course starts with a wonderful introduction scenario which explains the role and importance of Retail Supply Chain management in retail business and how it is considered as backbone of any kind of retail business. Very useful and informative course for retail business people and entrepreneurs. The readers can get a good insight on how to implement few concepts through the real life scenarios explained in this course. Also, there are multiple choice questions which helps the readers to know what they have understood through this course.
A ‘Supply Chain’ is the sequence of organization of facilities, functions, and activities that are involved in producing and delivering a product or service. A ‘Supply Chain’ is also known as ‘Value Chain’. Supply Chain is the flow and management of resources across the retail enterprise for the purpose of maintaining the retail operation profitably.
‘Retail SCM’ can be defined as the management of a network of all retail business processes and activities involving procurement of raw materials, manufacturing and distribution management of finished goods to reach the end user. SCM is also called the art of management of providing the Right Product, At the Right Time, Right Place and at the Right Cost to the Customer.
Retail Supply Chain Strategies are the critical backbone of retail businesses today. Effective market coverage, availability of products at locations which hold the key to revenue recognition depends upon the effectiveness of Supply Chain Strategy rolled out. Very simply stated, when a product is introduced in the retail store and advertised, the entire retail stores in the country and all the sales counters need to have the product where the customer is able to buy and take delivery.
Inventory means value and is an asset for the retailer. Every retail business has a standard for inventory turnaround that is optimum for the retailer. Inventory turnaround refers to the number of times the inventory is sold and replaced in a period of twelve months. The health of the inventory turnaround relates to the health of retail business.
Who this course is for:
- Store owners
- Entrepreneurs
- Supply Chain Management
- Retail business person
- Logistics Operators
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