Respond to person one down below in a business manner: Kroger is rated number 2 of retailers
Question:
Respond to person one down below in a business manner:
Kroger is rated number 2 of retailers that manage their supply chain best. This rating is based on the manufacturers that work with them every day to get them their inventory. The article discussed that manufacturers want to work with companies that have good inventory management and supplier relationships. This is something that Kroger exemplifies. Kroger has data tracking systems in which they can track demand and inventory needs to be able to match those needs and maximize their revenue. Kroger continues to work with its vendors in order to determine the best strategy and process to meet the demands of customers. Kroger has supplier managers that are in charge of purchasing the goods within each department and forecasting the demand of a certain item. They are able to see which items in the past were sold out and determine which goods need higher purchases and which need less purchases. They can see what items can be stored for longer or shorter periods of time depending on their perishability. They are also in charge of maintaining the quality of the goods from the suppliers whether that be consistency on shipments and quality of fruits and vegetables. At Kroger they use over 1,000 suppliers for their items such as food, beverages, makeup products, skin care products etc. It is also important that the company has clear branding with their suppliers on all of their products. The company also works with suppliers and manufacturers to promote their coupons for the companies and Kroger does a great job at handling this with their news letters and app.