Materialise, the 3D printing solutions provider, has released new research* which shows UK hospitality and retail sectors are not just suffering with finding staff, but their workers are suffering with physical pain.
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.
International travel restrictions take the shine off Golden Week for UK retailers, as footfall dips -36% on pre-pandemic levels
Oct 12, 2021
The latest footfall data from Sensormatic Solutions, the global retail solutions portfolio of Johnson Controls, has shown that international travel restrictions on Chinese tourists has taken the shine off Golden Week for UK retailers.
New fashion app helping retailers and consumers avoid returns
Oct 12, 2021
Online shopping is booming. But with online shopping comes the cost – and the hassle – of online returns, and this occurs quite frequently when it comes to clothing.
Retailers and shoppers out of sync on the value of physical stores, Klarna warns
Oct 12, 2021
Some 60% of shoppers say that a poor experience on any channel will make them less likely to shop again with a brand. That’s according to new research from Klarna ‘Owning Omnichannel: winning at clicks and bricks’, which uncovers a potentially damaging disconnect between what shoppers want from their omnichannel shopping experience and what retailers think shoppers want.
Checkoutless stores: The future of retail
Oct 12, 2021
By Diana Morato, Chief Growth Officer, Sensei.
Despite the click & collect services existing pre-pandemic, in 2020 its competitive presence among retailers evolved the way consumers shop. Initially adopted because of safety factors, consumers have now become accustomed to the convenience of autonomy.
Flooring retailer celebrates key milestones in sustainability partnerships
Oct 12, 2021
Flooring Superstore is celebrating several key milestones after one year of sustainability partnerships, including planting over 3.5 million trees and removing over 1 million plastic bottles from the sea.
Tech bosses warn of potential e-commerce Black Friday and Xmas ‘meltdown’ for high street and online retailers
Oct 11, 2021
With the high street already struggling following the pandemic, both physical and online retailers will be looking to their e-commerce systems to make up for lost revenues and profits this Christmas after a disastrous year.
Astound Commerce UK announces new Managing Director as part of global reorganisation
Oct 11, 2021
Global digital commerce specialist Astound Commerce has announced a series of global and local market leadership appointments, in a move that reflects the company’s need for scalable expansion in the face of extraordinary growth.
Workforce management; the next cloud resource for businesses?
Oct 11, 2021
Richard Jeffery, CEO of ActiveOps discusses how cloud computing changes the way organisations manage their operations and how their employees see themselves; a new, highly optimised workforce in the digital enterprise world.
Debenhams launches online marketplaces with Mirakl tools
Oct 11, 2021
Mirakl, the enterprise marketplace SaaS platform, and the boohoo group, the online fashion retailer, have launched the Debenhams online marketplace.
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.
