Climate Change Financial Disclosure Keywords: Organization: Geographic Scope: Launch Date: Sectors Affected: Supply Chain, Consumer Value Efficient Consumer Response Global None Commercial Retail Summary: Efficient Consumer Response (ECR) is a joint initiative by members of the supply chain to work to improve and optimize aspects of the supply chain and demand management to create benefits for the consumer in the forms of lower prices, more choice variety, and better product availability. 1 The Efficient Consumer Response initiative offers collaborative working practices between retailers and suppliers that focus on fulfilling consumer needs more efficiently and effectively. The practices focus on the relationships between the following improvement concepts2: Demand management: demand strategy and optimization Enablers: global data synchronization and identification standards Integrators: collaborative planning and forecasting Supply management: supply strategies and operational excellence ECR designed the Global Scorecard, which is a capability assessment tool that gives companies a detailed understanding of their ECR capability and highlights specific improvement opportunities for them utilizing the aforementioned improvement concepts.3 http://ecr-all.org http://ecr-all.org 3 http://ecr-all.org 1 2
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