RMG EXAM PACKAGE DEAL 2024

Supply Chain Management - a set of activities that firms employ to efficiently manage the flow of merchandise from vendors to customers Universal Product Code (UPC) - A barcode symbology for tracking trade items in stores. Advanced Shipping Notice (ASN) - A notification of pending deliveries Ele...

What best describes the grocery channel? - Answer-higher operating expenses creating higher overhead resulting in tighter margins and higher prices tactics of limited assortment stores - Answer-Limited SKU counts, low prices, limited service, small store footprint attribute of a Club store - Ans...

Retail - Answer-a set of business activities that add value to the products and services sold to consumers to satisfy their needs Top Retail Industries in Canada - Answer-Automotive ($120 Billion) & Food and Beverage ($110 Billion) Total 2018 Retail Sales - Answer-$605.9 Billion Core Retail Sale...

Factors that influence the required level of safety inventory - Answer-o The desired level of product availability o The uncertainty of demand o The uncertainty of supply o Inventory replenishment policies Logistical Drivers of Supply Chain Performance - Answer-facilities inventory transporta...

Advanced Shipping Notice - Answer-It heads up the distribution process. Once this is sent distribution centres must start planning for the merchandise. Electronic Data Interchange - Answer-Sharing of the information between all the different components of supply chain. Logistics - Answer-Part of...