NEW TECHNOLOGIES AND RETAIL SUPPLY CHAINS

New Technologies and Retail Supply Chains

New Technologies and Retail Supply Chains

1. Describe the range of technologies being used in the modern retail industry?

The technologies that are being used in modern retail industry includes Global Network Database Synchronization, RFID, and Just in time and EPoS systems, Collaborative Planning, Forecasting, and Replenishment, Product codes and bar code labels and E-recruiting with automated candidate testing etc. In modern business especially small businesses as well as in trade, marketing manager for direct contact with the director of the company, which is often about marketing the remotest idea; convince the director to conduct any marketing activities that may be difficult. It is therefore, important to know and use the most advanced technology product marketing. This paper focuses on the process of customer service and technology aimed at the most complete and efficient customer satisfaction.

The essential difference between the UK retail businesses from businesses of other areas is that the 90 % of marketing efforts aimed at fighting for the buyer. With a huge concentration, of shops is becoming increasingly difficult to retain customers, to create such conditions that he did not have any desire to look into the shop across the street. If a business loses just one customer than shop can incur significant losses that are losing extra income; clearly assess what damage might be, allows the study of the consumer market (Cheng and Podolsky, 1993, pp. 14-35).

Global Network Database Synchronization (GDSN)

The concept of Global Data Synchronization Network (GDSN) has been developed with the participation of organizations to speed up operations and reduce costs in supply chains. Network GDSN which based on Internet technologies for communication network folders, which allows companies of different countries to share with trading partners, standardized and synchronized data for chains of supply. Global Data Synchronization Network that is GDSN is an automated, global network of standards based, which enables secure and continuous data synchronization, allowing all partners to have consistent data about the products in their systems in real time. This standardized process based on the reliable data for effective business transactions in the local and world markets lower costs in the trading process (Hay, 2004, pp. 32-54).

Network GDSN assures that data exchanged between trading partners, which are accurate and comply with universal standards. In trade relations, first of all, it is necessary to define who you are, where you are, what we sell and in what market. To answer these questions, it is important to develop key identifiers, such as the Global Identification Number (GLN) and Global Product Number (GTIN). Because of themselves, these identifiers do not provide sufficient information to them that satisfied by explaining their attributes, for example, such as product description or current location of a trading partner, price, size, packaging and address, etc. Standardized attributes that provide the relationships between trading partners, called the basic data (common for various goods) or operational data (specific for a given trading partner, for example, the amount specified in the ...