TASK CHAPTER 9: INFROMATION SYSTEMS AND SUPPLY CHAIN MANAGEMENT 1)Retail system acronyms include DSD, VMI, EDI, CPFR and RFID

1)Retail system acronyms include DSD, VMI, EDI, CPFR and RFID. What do these terms mean and how are they related to one another?

2. Explain how efficient supply chain system can increase a retailer’s level of product availability and decrease its inventory investment.

3. This chapter presents some trends in supply chain and information systems that benefits retailers. How do vendors benefit from these trends?

4. What type of merchandise is most likely to be cross-docked at retailer’s DCs? Why is this often the case?

5. Explain the differences between pull and push supply chains.

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6. Consumers have five key reactions to stockouts: buy the item at another store, substitute a different brand, substitute the same brand, delay the purchase, or do not purchase the item. Consider your own purchasing behavior, and describe how various categories of merchandise would result in different reactions to a stockout.