Supply Chain Management Practices in Retail-The Trends and Future Perspective

Abstract

Retailing is amongst the leading industries that derive demand in the world. There is severe competition among retailers regarding supply chain management (SCM) practices used in this industry. Hence, this chapter mainly aims to address the supply chain management (SCM) practices (quick response, efficient consumer response, category management, continuous replenishment planning, continuous planning forecasting and replenishment, postponement, vendor managed inventory) and future trends in retailing. Moreover, this chapter provides insight for the retail practices preferred in emerging and developed markets. The chapter presents important implications for scholars, business executives, scholar-practitioners and university students who are interested in any part of retailing and supply chain management.