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Scan-based Trading
Scan-based trading (SBT) is the process by which suppliers maintain ownership of inventory within retailers' warehouses or stores until items are scanned at the point of sale. Suppliers, such as manufacturers or farmers, own the product until it is purchased by the customer, with the store or venue then buying the product from the supplier and reselling it to the customer. Analysts in the grocery sector estimate scan-based trading accounted for $21 billion dollars in consumer goods purchased in the grocery industry alone in 2020, or nearly 3% of overall sales. History Traditionally scan-based trading programs use electronic data interchange solutions as the key component to synchronize information on store locations (Organizational Structure 816), items (Price/Sales Catalog 832), daily sales (Product Activity Data 852), receivings (Receiving Advice 861), billings (Invoice 810) and payments (Remittance Advice 820) between a retailer and its Scan-Based Trading suppliers. Pros and c ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Point Of Sale
The point of sale (POS) or point of purchase (POP) is the time and place at which a retail transaction is completed. At the point of sale, the merchant calculates the amount owed by the customer, indicates that amount, may prepare an invoice for the customer (which may be a cash register printout), and indicates the options for the customer to make payment. It is also the point at which a customer makes a payment to the merchant in exchange for goods or after provision of a service. After receiving payment, the merchant may issue a receipt, as proof of transaction, which is usually printed but can also be dispensed with or sent electronically. To calculate the amount owed by a customer, the merchant may use various devices such as weighing scales, barcode scanners, and cash registers (or the more advanced "POS cash registers", which are sometimes also called "POS systems"). To make a payment, payment terminals, touch screens, and other hardware and software options are avail ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Electronic Data Interchange
Electronic data interchange (EDI) is the concept of businesses electronically communicating information that was traditionally communicated on paper, such as purchase orders, advance ship notices, and invoices. Technical standards for EDI exist to facilitate parties transacting such instruments without having to make special arrangements. EDI has existed at least since the early 1970s, and there are many EDI standards (including ASC X12, X12, EDIFACT, OFTP, ODETTE, etc.), some of which address the needs of specific industries or regions. It also refers specifically to a family of standards. In 1996, the National Institute of Standards and Technology defined electronic data interchange as "the computer-to-computer interchange of a standardized format for data exchange. EDI implies a sequence of messages between two parties, either of whom may serve as originator or recipient. The formatted data representing the documents may be transmitted from originator to recipient via telecommun ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Embezzlement
Embezzlement (from Anglo-Norman, from Old French ''besillier'' ("to torment, etc."), of unknown origin) is a type of financial crime, usually involving theft of money from a business or employer. It often involves a trusted individual taking advantage of their position to steal funds or assets, most commonly over a period of time. Versus larceny Embezzlement is not always a form of theft or an act of stealing ''per se'', since those definitions specifically deal with taking something that does not belong to the perpetrators. Instead, embezzlement is, more generically, an act of deceitfully secreting assets by one or more persons that have been ''entrusted'' with such assets. The persons entrusted with such assets may or may not have an ownership stake in such assets. Embezzlement differs from larceny in three ways. First, in embezzlement, an actual '' conversion'' must occur; second, the original taking must not be trespassory, and third, in penalties. To say that the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Grocery Manufacturers Association
The Consumer Brands Association (CBA), formerly the Grocery Manufacturers Association (GMA), is a United States-wide trade association for manufacturers of consumer packaged goods (CPG). The CBA represents companies that manufacture food, beverages, household, and personal care products. As of December 2020, the CBA represented more than 1,700 brands. Since the CBA's rebranding in 2020, 18 companies have joined it, increasing growth by more than 30%. As of 2021, the CBA represents 73 CPG companies with nearly 2,000 brands. History The Consumer Brands Association (CBA) was founded in 1908 as the American Specialty Manufacturers Association, which consisted of 45 food and branded-product manufacturers in New York City. It was headquartered at 2401 Pennsylvania Avenue, Washington, D.C. Since its founding, the association has helped draft legislation such as the Federal Food, Drug, and Cosmetic Act in 1938, which gave the Food and Drug Association (FDA) regulatory authority and ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Schnuck Markets
Schnuck Markets, Inc., doing business as Schnucks (), is a supermarket chain. Based in the Greater St. Louis, St. Louis area, the company was founded in 1939 with the opening of a store in north St. Louis and currently operates over 100 stores in four states throughout the Midwestern United States, Midwest (Missouri, Illinois, Indiana, and Wisconsin). Schnucks also ran stores under the Logli Supermarkets and Hilander Foods banners. Schnucks is one of the largest privately held supermarket chains in the United States and dominates the St. Louis metro grocery market. History Schnuck Markets, Inc. was founded in St. Louis in 1939. In 1943, its first large-scale retail store was opened, measuring . By 1952, its first major store was opened in Brentwood, Missouri, Brentwood, a St. Louis suburb. The Schnucks symbol, a soldier, was introduced in 1968 (during the Vietnam War). Schnucks continued to grow, adopting the motto "Friendliest Stores In Town" and acquiring stores in Illinois, ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Andronico's Market
Safeway, Inc. is an American supermarket chain. The chain provides grocery items, food and general merchandise and a variety of specialty departments, such as bakery, delicatessen, floral and pharmacy, as well as Starbucks coffee shops, and vehicle fuel centers. It is a subsidiary of Albertsons after being acquired by private equity investors led by Cerberus Capital Management in January 2015. Safeway's primary base of operations is in the Western United States, with some stores located in the Mid-Atlantic region of the Eastern Seaboard. The subsidiary is headquartered in Pleasanton, California. History Marion Barton Skaggs, who already had experience in the grocery business, moved to Portland, Oregon in 1921, and established four grocery stores. This chain of stores grew quickly, and Skaggs enlisted the help of his five brothers to grow the network of stores. By 1926, he had opened 428 Skaggs stores in 10 states. He then almost doubled the size of his business that year when ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Berkeley, California
Berkeley ( ) is a city on the eastern shore of San Francisco Bay in northern Alameda County, California, United States. It is named after the 18th-century Anglo-Irish bishop and philosopher George Berkeley. It borders the cities of Oakland, California, Oakland and Emeryville, California, Emeryville to the south and the city of Albany, California, Albany and the Unincorporated area, unincorporated community of Kensington, California, Kensington to the north. Its eastern border with Contra Costa County, California, Contra Costa County generally follows the ridge of the Berkeley Hills. The 2020 United States census, 2020 census recorded a population of 124,321. Berkeley is home to the oldest campus in the University of California, the University of California, Berkeley, and the Lawrence Berkeley National Laboratory, which is managed and operated by the university. It also has the Graduate Theological Union, one of the largest religious studies institutions in the world. Berkeley is ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Blu-ray Disc
Blu-ray (Blu-ray Disc or BD) is a Digital media, digital optical disc data storage format designed to supersede the DVD format. It was invented and developed in 2005 and released worldwide on June 20, 2006, capable of storing several hours of high-definition video (HDTV 720p and 1080p). The main application of Blu-ray is as a medium for video material such as feature films and for the physical distribution of video games for the PlayStation 3, PlayStation 4, PlayStation 5, Xbox One, and Xbox Series X and Series S, Xbox Series X. The name refers to the blue laser used to read the disc, which allows information to be stored at a greater density than is possible with the longer-wavelength red laser used for DVDs, resulting in an increased capacity. The polycarbonate disc is in diameter and thick, the same size as DVDs and Compact disc, CDs. Conventional (or "pre-BDXL") Blu-ray discs contain 25gigabyte, GB per layer, with dual-layer discs (50GB) being the industry standard for fe ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Consignment
Consignment is a process whereby a person gives permission to another party to take care of their property while retaining full ownership of the property until the item is sold to the final buyer. It is generally done during auctions, shipping, goods transfer, or putting something up for sale in a Consignment, consignment store. The owner of the goods pays the third-party a portion of the sale for facilitating the sale. Consignors maintain the rights to their property until the item is sold or abandoned. Many consignment shops and online consignment platforms have a set time limit (usually 60–90 days) at which an item's availability for sale expires. Within the time of contract, reductions of the price are common to promote the sale of the item, but vary by the type of item sold (depending largely on the price point, or whether or not the item can be considered a luxury item). Consignment stock is stock and flow, stock legally owned by one party but held by another, meaning tha ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Vendor-managed Inventory
Vendor-managed inventory (VMI) is an Field inventory management, inventory management practice in which a supplier of goods, usually the manufacturer, is responsible for optimizing the inventory held by a distributor. Under VMI, the retailer shares their inventory data with a vendor (sometimes called supplier) such that the vendor is the decision-maker who determines the order size, whereas in traditional inventory management, the retailer (sometimes called distributor or buyer) makes his or her own decisions regarding the order size. Thus, the vendor is responsible for the retailer's ordering cost, while the retailer usually acquires ownership of the stock and has to pay for their own holding cost. One supply chain management glossary identifies VMI as although a 2008 article notes that there is no standard definition of VMI and the term's usage varies "significantly" among companies supporting VMI processes.Chhabra, N.Collaborative Fulfillment ''APICS e-News'', published 24 Septem ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
