-A management approach intended to make the manufacturing and supply of products to retail faster and more efficient, resulting in lower inventories, faster turns, and higher in-stock service of retail, particularly in general merchandise (See ECR, Supply Chain Management )
(QR) - A retail philosophy developed by VICS, permitting the receipt of goods from suppliers at the retail site based upon the sales of the supplier's goods that are transmitted to the supplier on a periodic basis Sales are generally recorded using bar codes and transmission between retailer and supplier occurs through the use of EDI standards - X 12 in the US and EDIFACT in Europe
A partnership between a supplier and retailer through which orders are replenished automatically via computer link up to reduce out-of-stocks, forced markdowns and operating costs The partnership enables better response to customer needs through the sharing of point-of-sale scan data, EDI and bar coding
A method of maximizing the efficiency of the supply chain by reducing inventory investment
A business strategy for reducing inventory in the pipeline and shortening the cycle time for a product to be made, distributed and sold Point of sale information is electronically transmitted back to the store supplier, who is responsible for adequate supply at the store
A retail industry strategy using business rules and technologies that shortens cycle time from suppliers to vendors in response to retail customers' demands
A short time period between metal sensing and peak audio/ visual indicator indication usually associated with all frequency ranges of TR detectors
A short time period between metal target sensing and a peak audio/visual indicator appearing Usually associated with all frequency ranges of TR detectors See RECOVERY SPEED
A strategy widely adopted by general merchandise and soft-lines retailers and manufacturers to reduce retail out-of-stocks, forced markdowns and operating expenses These goals are accomplished through shipping accuracy and reduced response time QR is a partnership strategy in which suppliers and retailers work together to respond more rapidly to the consumer by sharing point-of-sale scan data, enabling both to forecast replenishment needs EDI and bar coding are used to speed the flow of information and product
A mechanism in MnVU that allows employers to receive quick responses to requests for customized training (coming soon)
Also QR Refers to technologies, procedures and practices used in the retail industry to eliminate supply chain waste and inefficiencies
Systems that attempt to provide quick turnaround and reduced lead time based on the location and level of inventory, and linked communications systems that quickly translate and evaluate changes in customer requirements based on usage and POS data