January 2018
Intermediate to advanced
288 pages
6h 41m
English
Content preview from Managing the Retail Supply Chain
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05
Buying and sourcing
Central to any retail business is product, and product is sourced and purchased by the buying function. The aim in this chapter is not to forensically examine the buying function and how they operate, but more to look closely at the interaction between buying, merchandising and supply chain, how they operate together, and the impact they have on each other. Buying and merchandising are possibly the most closely linked functions in a retailer. The performance of each function will depend on the collaboration and communication with each other.
Buying
Buyers vary slightly in their methods in each of the differing sectors within retail, but the core responsibilities are the same across them all. Whether it’s own brand product ...
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