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1. What is the retailer's role as a member of the larger supply chain?
2. What are the different types of retail supply chains?
3. What is a vertical
4. What is the primary difference between a conventional marketing channel and a vertical marketing channel?
5. Why is collaboration so important in supply chains today?
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- Give an example of a retailer that participates in an independent(conventional) supply chain and one involved in a vertical marketingsystem. Discuss the advantages and disadvantages of each.From a logistical perspective, what are some of thedifferences between online and in-store retailing?How might the growth in online marketing affect the structure of retail supply chains? Provide and discuss one example of companies who have succeeded and one example of those who have faltered by this growth.
- 39Which of the following is NOT a typical supply chain member?Select one:a. resellersb. customersc. government agenciesd. intermediariesThe Tiffany brand is associated with quality, luxury, and exclusivity. Its high-end and pricey products were sold primarily through the retail stores. Please explain how this may “violate” the supply chain management principle and what strategies Tiffany has adopted to make it more effective to sell diamond offline.Just ANswer the Number 3! Here is the answer for the number 1. Retailing is the process of part of the supply chain management in which a retailer deals or interacts directly with the customers. In retailing there can be a brick and mortar store or an online store through which the products and services can be offered to the customers. Retailing business has some major benefits which are as follows - Convenience for customers in terms of time, place, stocks, etc. Encourages impulsive purchases More secure than online shopping Greater sales potential Promotes competitive environment Deciding retail prices A retailer such as a grocer feels entitled to decide on the retail price of the products he sells rather than obey a supplier's SRPS as a retailer bears expenses and efforts in the form of capital, manpower, time and energy which sometimes is not justified in the margin given by the company or in the SRPS. A retailer is the last chain in supply management and he has a…
- Just Answer the Number 2! Here is the answer for the number 1. Retailing is the process of part of the supply chain management in which a retailer deals or interacts directly with the customers. In retailing there can be a brick and mortar store or an online store through which the products and services can be offered to the customers. Retailing business has some major benefits which are as follows - Convenience for customers in terms of time, place, stocks, etc. Encourages impulsive purchases More secure than online shopping Greater sales potential Promotes competitive environment Deciding retail prices A retailer such as a grocer feels entitled to decide on the retail price of the products he sells rather than obey a supplier's SRPS as a retailer bears expenses and efforts in the form of capital, manpower, time and energy which sometimes is not justified in the margin given by the company or in the SRPS. A retailer is the last chain in supply management and he has a…How do retailers navigate the challenges of returns management and reverse logistics to streamline processes, reduce costs, and improve customer satisfaction?What are some problems that can arise when each stage of a supply chain focuses solely on its own profits when making decisions? Identify some actions that can help a retailer and a manufacturer work together to expand the scope of strategic fit.