A method typically used between retailers and distributors or manufacturers that uses point-of-sale inventory and sales data to trigger automatic replenishments, with the vendor assuming responsibility for initiation and fulfillment.
Continuous Replenishment is the practice of partnering between distribution channel members that changes the traditional replenishment process from distributor-generated purchase orders, based on economic order quantities, to the replenishment of products based on actual and forecasted product demand.
An ordering process based on the exchange of electronic data between a store and a distributor that indicates when a store is running low on a product and needs a new shipment of the item. CRP programs reduce inventory levels and operating costs by having
System used to reduce customer inventories and improve service usually to large customers. The supplier receives point of sale information that gives data on current inventory and from this information the supplier prepares shipments to meet previously agreed upon inventory levels.
A program where a company takes over the inventory management function of the customer by insuring them that they will replenish their inventories in a manner that reduces the customer's total inventory costs.