By John Moran, freelance writer.
Delivery companies are an essential link between businesses and their customers, suppliers, and partners. A poor delivery experience can harm business operations. In e-commerce, for example, poor delivery options can translate into missed business opportunities because customers may abandon the purchase.
Retail Supply Chain Management (RSCM)
Retail supply chain management (RSCM) is the process of managing the flow of goods and services from the initial production stage to the final customer. RSCM is essential for retailers to ensure that they have the right products in the right place at the right time. It can also help retailers to reduce costs, improve efficiency, and improve customer service.The term Retail is defined as the sale of goods and services from companies or individuals to the end-consumer. Retailers acquire goods from producers and then sell these goods in-store or on-line via the internet. Retail supply chain software can enhance supply chain efficiency and trading partner collaboration by better connecting product information, processes and trading partners.
How to Select the Right Delivery Service for Your Business Needs
Jan 24, 2022
Digital River expands cross-border capabilities to support 249 ecommerce markets
Jan 18, 2022
Digital River, the global commerce enabler for established and fast-growing brands, has announced a major expansion of its cross-border capabilities, including new geographies in the APAC region.
Solace announces latest advances in Event Horizon Initiative, including expansion of EDA Summit Program
Jan 18, 2022
Solace, the enabler of event-driven architecture for real-time enterprises, has affirmed its ongoing Event Horizon commitments with the unveiling of a new set of product enhancements, partnerships and foremost an expansion of the popular EDA Summit Program, devoted to the advancement of event-driven architecture (EDA) in business.
Ecommerce in 2022: How to stay competitive without losing revenue
Jan 18, 2022
As we enter further into the decade, we adjust more and more to the changing landscape of the pandemic. It is not only the day-to-day lives of people where we can observe such change, though, but also in wider global markets.
Geotab helps fight fraud with Camera Telematics’ Street Angel on-board camera technology
Jan 18, 2022
Geotab Inc., the IoT and connected transportation solutions provider, has joined forces with Newbury, Berkshire company Camera Telematics, the vehicle camera technology provider, to help fight vehicle insurance fraud with The Street Angel Solution on the Geotab Marketplace.
UK shoppers most likely to abandon online purchases due to poor delivery options
Jan 17, 2022
UK shoppers (63%) are almost twice as likely as their German counterparts (38%) to either abandon their online shopping basket or switch retailer if delivery options are too slow or don’t meet their needs, finds a new BearingPoint report.
UK shoppers are moving purchasing power to online marketplaces, Mirakl survey finds
Jan 17, 2022
Mirakl, the enterprise marketplace SaaS platform, has released its 2022 State of Online Marketplace Adoption, a global survey of 9,000 consumers, including 1,000 UK respondents, that explores the ways in which online shoppers are shaping the marketplace economy.
Watch Gang clocking up record fulfilment milestones
Jan 12, 2022
A six-month warehouse-wide hard-count inventory audit by luxury and collectable online watch retailer, Watch Gang, has registered a 0% shrinkage rate for the first time and highest ever customer service levels.
New digital clothing app helps retailers cut costs during pandemic
Jan 11, 2022
Online clothes shopping has never been more in vogue, and according to MySizeID its new app can help consumers find the right fit — across brands and size charts — conveniently and privately. MySizeID uses a patented algorithm to take measurements using the technology already available in mobile phones without accessing the camera.
Five e-commerce trends to look out for in 2022
Jan 11, 2022
In the past two years, we have seen e-commerce change and grow to meet the demands of the new Covid-19 world. As we celebrate a New Year, it is vital for all online sellers to look ahead and plan for what is to come.
Retail Supply Chain Management
Retail supply chain management (RSCM) is the process of managing the flow of goods, services, and information from suppliers to retailers to consumers. It includes all the activities involved in getting products from the point of origin to the point of sale, such as:
- Procurement: The process of acquiring raw materials and other inputs needed to produce goods.
- Manufacturing: The process of converting raw materials into finished goods.
- Warehousing: The storage of goods until they are needed.
- Transportation: The movement of goods from one location to another.
- Inventory management: The process of tracking and managing the levels of goods in stock.
- Order fulfillment: The process of filling customer orders.
RSCM is important for retailers because it can help them to improve their efficiency, reduce costs, and improve customer service. By optimizing their supply chains, retailers can ensure that they have the right products in the right place at the right time, which can lead to increased sales and profits.
Here are some of the key components of retail supply chain management:
- Planning: This involves developing a strategy for the supply chain, including setting goals, identifying risks, and developing contingency plans.
- Sourcing: This involves finding and qualifying suppliers, negotiating contracts, and managing supplier relationships.
- Manufacturing: This involves managing the production process, ensuring quality, and meeting delivery deadlines.
- Warehousing: This involves storing goods in a way that minimizes costs and ensures that they are available when needed.
- Transportation: This involves moving goods from one location to another in a timely and cost-effective manner.
- Inventory management: This involves tracking the levels of goods in stock and ensuring that there is enough to meet demand without excessive inventory levels.
- Order fulfillment: This involves receiving customer orders, picking and packing products, and shipping them to customers.
RSCM is a complex and ever-evolving field, but by understanding the key components and best practices, retailers can improve their supply chains and gain a competitive advantage.
Retail companies become involved in supply chain management in order to control product quality, inventory levels, timing, and expenses. Retail supply chain software encompasses warehouse & transportation solutions, inventory control, and possibly additional strategic/planning modules, particularly for the larger/volume-based retailers.
