Demand – Purchase Order – Receipt
Demand – Purchase Order – Receipt is a typical process of information flow from retail stores to the vendors and back from there. Apart from these, most of the full fledged retail lead organizations may include standard practices which may become more complex down the line. But in general, most of the organizations follow the following flow – 1. Regular Replenishment Orders (for all types of stock items at the retail stores) are created through automated systems which take care of demand planning. Most of the old retailers have the customized complex algorithms to take care of this. While with evolving technologies, packages such as JDA, Oracle and SAP have lot of inbuilt complex algorithms which the lead organizations can customize according to the different parameters required by the retailer. 2. Most of the times, these replenishment orders are generated on the basis of forecasted demand. Accordingly, the purc...