The strategic resource management (SRM) model revisited

Author： Ring Lawrence J Tigert Douglas J Serpkenci Ray R

ISSN： 0959-0552

Source： International Journal of Retail & Distribution Management, Vol.30, Iss.11, 2002-10, pp. : 544-561

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Abstract

Revisits the strategic resource management (SRM) model, a framework that was developed 20 years ago as a managerial tool for performance measurement and integrated decision making in retailing. Shows certain modifications to the SRM model, focusing on the gross and net margin return on retail space (i.e. GMROF and NMROF) as the key metrics. Authors contend the new focus gives the SRM framework a firmer grounding conceptually, and makes the SRM model more directional in practice. The paper also extends the SRM framework from its traditional gross margin metrics to net margin. Authors believe the greatest benefits of the SRM framework continue to be in benchmarking, planning, and executing alternative inventory, space, and people strategies in an integrative fashion.