Half of UK retailers anticipate a spike in fraud attacks on their businesses in the Q4 shopping period, new research commissioned by Adyen, the payments platform of choice for many of the world's leading companies, has found.
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.
SnapFulfil invests £2million in new personnel to meet demand
Oct 20, 2021
Demand for SnapFulfil’s functionally rich cloud-based WMS has seen the technology innovator invest £2 million in building its team to support growth.
Independent retailers launch Black Friday deals
Oct 19, 2021
Ankorstore, the curated marketplace connecting independent brands with local retailers, is offering a minimum 10% discount on all products from 25 October to 2 November to give independent retailers a fighting chance this Black Friday. Brands can add additional discounts.
Supplier e-commerce sites failing B2B buyers
Oct 19, 2021
B2B suppliers are failing buyers, new research has found, with 52% of e-commerce sites not fully meeting expectations.
Difficulty finding relevant products (32%), none or not enough product images or videos (30%), and an inability to talk to someone or ask a question (28%) were identified as the top frustrations with underperforming sites.
UK hospitality businesses lead the pack, as manufacturing output contracts
Oct 19, 2021
Hospitality businesses outpaced the rest of the UK economy for the first time in more than nine years during September, according to the latest Lloyds Bank UK Recovery Tracker.
Sensei’s FAST App launched to provide retailers with a real-time overview of store inventory
Oct 18, 2021
Sensei, the European provider of autonomous stores, has launched its new FAST App to provide retailers with a real-time overview of store inventory, putting the store information at the staff´s fingertips and making retail operations much simpler.
Global survey shows surge in Christmas holiday shopping due to product shortage and lockdown fears
Oct 18, 2021
According to a new survey* of 1,000 UK consumers carried out on behalf of JRNI, over half (56%) of consumers plan to do their Christmas holiday shopping early in 2021 due to fears of empty shelves and further lockdown measures.
Time’s up – new research reveals almost three quarters of businesses don’t have the skills to succeed in a post pandemic world
Oct 18, 2021
A new study into the concerns business leaders in the UK currently hold in relation to a post-pandemic world, has highlighted that a staggering 73% of businesses don’t believe they have the skills needed to succeed. The research has shown that communication skills are where the gaps lie with 50% of business professionals picking up bad habits over lockdown.
Selligent releases Selligent Data Studio PRO, a dashboard and reporting solution for Selligent Marketing Cloud
Oct 18, 2021
Selligent Marketing Cloud (Selligent), the intelligent omnichannel marketing cloud platform and CM Group brand, has launched Selligent Data Studio PRO (SDS PRO).
The 3 Necessary Ingredients For Loading Dock Safety
Oct 14, 2021
By John Moran, freelance writer.
Safety is at the top of the priority list for many companies. And warehouses have a lot of regulations from OSHA to make sure they stay safe for the workers there. However, one area that gets overlooked is the loading dock.
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.
