It is a common question that most people wonder when they go shopping. It is also a question that should be asked when one is planning to open a new shop or to start a new business of their own. This is because it is one of the most important aspects of the operation of the shop or business. A well-organized and systematic supply chain is the key to success, so even if you are just a newcomer to the retail industry, then you should know what this term means.
In simple terms, the retail chain is the supply chain that links a manufacturer to the retail outlet that will sell the product. When you are buying products from a manufacturer, the goods will be shipped from the manufacturer’s factory, and from there, they will be delivered to the retail outlet where shoppers can then purchase them. It is that simple, so knowing what the retail chain is can really make things a lot easier for you. To let shoppers know those goods are in safe hands, consider the BRC Audit from a site like MQM Consulting
In today’s busy world, retail operations do not stop with just stores and shops. With the advent of the internet, online retailing has become the next big thing in retail. Because the internet eliminates all the physical store-fronts, such as malls and department stores, the retail supply chain now consists of websites selling goods over the internet. This is why it is very important for a retailer to know how the retail supply chain works, especially if he wants to have a smooth operation and high profit margin.