Supply Chain

MANAGEMENT

GROUP 7 l RETAIL MANAGEMENT

Components of Supply Chain
Management
• Procurement
• Processing
• Distribution
Types of Supply Chain
• The continuous flow models
• The fast chain models
• The efficient chain models
• The custom configured mode
• The agile model
• The flexible model
Purchase
Negotiation
Negotiation in the purchasing process covers the period
from when the first communication is made between the
purchasing buyer and the supplier through to the final
signing of the contract. It is also the communication
between two or more parties with the desired outcome of
reaching a mutually satisfactory agreement.

Objectives of Purchase Negotiation

• To obtain the quality specified.
• To obtain a fair and reasonable price.
• To get the supplier to perform the contract on time
 Retail Supply
Retail Supply Chain Management is the process of managing the
Management
entire supply chain of retail organizations. The differentiating
factor of retail supply chain management from other supply chain
management is in the volume of product movement and the fast
moving nature of the products of the retail industry. Retail supply
chain has to be monitored very closely and has to be free from
defects as the products are always on the move and the cycle
time is very low and the continuous movement of materials
across the supply chain is crucial to the success of any
organization in the retail industry
 Retail Supply
6 Benefits Of Supply Chain Management To Retailers
Management
1. Deliver Faster And More Efficiently
2. Increased Market Share
3. Reduce Warehouse Labor Costs And Increase
Productivity
4. Drive Down Cost Of Supplies Through Collaboration
5. Increase Earnings And Growth
6. Build A More Streamlined And Unified Business
Operation
Supply Channel and
Relationship