Retail Industry Concepts

Front

Products

Back

Items that are considered for sale in retail

Front

A Product

Back

A new refrigerator that is available for purchase

Front

Retailer

Back

A person or company that sells goods and/or services

Front

Wholesaler

Back

Buys large quantities of products from manufacturers and distributes to retailers

Front

Allocation

Back

The distribution of merchandise from the manufacturer to retailer

Front

Buyer

Back

A role in the retail industry responsible for selecting and purchasing products

Front

Picking

Back

When distribution team members use replenishment to select items for shipment

Front

Shelf Life

Back

The period of time that an item can remain available for sale

Front

Omnichannel Retailing

Back

Customers have the opportunity to interact with multiple channels in the retail ecosystem, the use of technology, to create a seamless experience.

Front

Distribution Center

Back

A large facility where manufacturers send products to be delivered to retailers