Supply chain relationship management Research Proposal

Supply chain relationship management - Research Proposal Example The first benefit is that it results in job creation. Such kind of jobs results in various roles for the employees like managers, sales, distributors, warehousing etc. There are mainly two classification of retailing depending on the identification of products. It was necessary to allow grouping of the products on the basis of the forecast methods, replenishment methods, planning system etc. The two classifications are Functional or staple products and Innovative Products. There are many challenges in retail supply chain. One challenge is that it can be very costly if the supply chain is not properly designed. There are many other glitches which are both external and internal to the business. Another major problem facing them is Suppler Reliability. If any supplier fails to do any of his function then there will be no product for them to sell (Coyle, Langley, Gibson, Novack and Bardi, 2008, p. 211). This can result in result in loss of consumers, lost profits and declining sales turn over. Hence in the process of selection of supplier it is very important to choose any reliable supplier. In today’s scenario, potential markets and outsourcing can have a major impact on the way a retail supply chain is structured. Presence of low cost for innovative products from Asian and China countries has resulted in paradigm shift to global manufacturing from local manufacturing. Hence this affects the supply chain in terms of cost and complexity. Bullying happens in retail sector where the companies like Wal-Mart have been accused of bullying small retail outlets. Retail stores are now taking full potential of the technology by carrying out many of their activities online. Hence such devices have increased the efficiency of small and medium retail business. But the main point of contention is that it could take forever for the company to generate returns on their investment (Mentzer, 2001, p. 186). The data