THE implementation of the Efficient Consumer Response - Central Item Repository (ECR-CIP) project, aimed at creating a single electronic platform for the retail and supply industry, could potentially save about 5% in supply chain cost across the board.
For the fast moving consumer goods (FMCG) retail sector in Malaysia, this saving would translate into some RM550mil, Deputy Science, Technology and Innovation Minister Datuk Kong Cho Ha said in Kuala Lumpur yesterday at the launch of the ECR-CIP project, also known as Retail Connect.