A finished product inventory management system that times replenishment to actual daily sales. Under this system, the retailer maintains lean inventories through frequent store deliveries of small lots. Point-of-sale information is exchanged daily between the retail outlet and distributors or manufacturers in order to time product delivery closer t [..]

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 throu [..]

A partnership strategy in which manufacturers and retailers work together to respond rapidly to fill a product order on demand and within a short period of time.

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 [..]

A compilation of transferable parameters, factors, and manual techniques for simplified transportation planning analysis (see NCHRP 187, NCHRP 365, and QRSII).

, A supply chain management philosophy in which a business responds quickly to customer orders. Analogous to just-in-time manufacturing; a business practice in the retail industry of which an important part is the strategic deployment of XML, EDI and bar coding. Produces improved inventory turns, avoidance of out-of-stocks and reduction of excess i [..]

Triggers just-in-time restocking in order to reduce inventory levels and improve service quality by adapting as quickly as possible to varying demand levels. Quota –

   A partnership between a supplier and a 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 consumer needs through the sharing of POS scan data, EDI and bar coding.   Quick Service Restaurants (QSR)

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.