What is the future of procurement? What is the future of procurement? That is the question that McKinsey & Company sought to answer in a new benchmarking report focused on procurement. Despite knowing ...

Traditionally, supply chains have focused on cost savings and operational efficiency, often measured by metrics like On Time, In Full (OTIF). However, as CEOs increasingly expect supply chains to ...

In U.S. retail and grocery, the intermediary item identifier is the GTIN-12/UPC (Global Trade Item Number, 12-digits, which was formerly known as the Universal Product Code), and in the book ...

Barcodes work based on light reflected back to scanner optics: black does not reflect light, while the white (blank) spaces do reflect light. Because characters (alphabetic, numeric, special) are ...

Some typical supply chain metrics that retailers use to judge vendors on their performance, usually by calendar month, are: Orders accepted vs. canceled. The number of purchase orders accepted and ...

First, the Right Product is one that the market wants or has a need for. In retail, this is a product that consumers will purchase because they desire it or because they require it.

Electronic data interchange, or EDI, is a core technology used to ...

The third of Dr. Marien’s 8Rs of his Customer’s Bill of Rights is the Right Source. Per his original article, the Right Source was described as: ...

Ensuring that the quantity is correct is reinforced by the use of technology such as automatic identification (barcode labeling and scanning, RFID), counting machines, and scale weights. The Right ...