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Studies of eyewitness testimony indicate that
Customer Order Cycle
The complete sequence of events from the time a customer places an order until the product is delivered and payment is received.
Customer/Retailer Interface
The point of contact and interaction between a customer and a retailer, where services and information are exchanged.
Replenishment Cycle
The repeat process of ordering and stocking new inventory to replace what has been sold or used, ensuring a sufficient level of stock is maintained.
Retailer and Distributor
Involved in the distribution process, with retailers selling goods directly to consumers and distributors serving as intermediaries who move products from manufacturers to retailers or other businesses.
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