This year’s Black Friday saw a major increase in the use of digital marketing channels compared with 2019 as retailers brought Black Friday to consumers in their homes via their laptops, smartphones and other devices, omnichannel customer engagement company Emarsys finds.
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.
Retailers step up to digital Black Friday with huge increase in omnichannel marketing, Emarsys finds
Dec 02, 2020
Overcoming adversity and achieving eCommerce success
Dec 02, 2020
SLAM’s eCommerce manager discusses how working with trusted partners has enabled the company to secure 20% growth in the last few months despite the challenges of Covid.
Streamax Technology secures multi-million pound video telematics hardware deal with VisonTrack
Dec 01, 2020
Streamax Technology, the connected hardware provider for mobile surveillance on commercial vehicles, has secured a multi-million-pound order from video telematics specialist VisionTrack. Streamax will supply VisionTrack 27,000 connected 4G vehicle cameras and mobile DVRs, representing its single largest European order to date.
Nearly half won’t miss any UK retail brands that closed down during COVID
Dec 01, 2020
According to research released, almost half (43%) of UK shoppers will not miss any of the retail brands that have gone into administration since the pandemic began.
Time is almost up for Arcadia’s dated brands, says GlobalData
Dec 01, 2020
Following the news that the Arcadia group is reportedly on the brink of administration, Sofie Willmott, Content Head of Apparel at data and analytics company, GlobalData, offers her view on this development.
LiBiao’s sortation robots keep Japanese cosmetics retailer looking good
Dec 01, 2020
The introduction of a new sortation system with LiBiao’s autonomous mobile robots at its heart has delivered instant cost and operational efficiency gains at Japanese cosmetics retailer Orbis’s Tokyo online order fulfilment centre.
Hope for the high-street: over 60% of online shoppers will return
Dec 01, 2020
Recent research conducted by YouGov on behalf of Manhattan Associates (supply chain and omnichannel commerce experts), shows that the fate of the Great British high street is not as bleak as some might have thought.
Urb-it announces partnership with Fluent Commerce to offer omni-channel retailers a convenient and sustainable shipping service
Nov 25, 2020
Green last mile logistics provider, Urb-it has entered into a strategic partnership with leading order management platform Fluent Commerce. Together, Fluent Commerce and Urb-it will allow retailers to craft a seamless and sustainable omni-channel experience for their customers.
Campaign launches to encourage more women into supply chain and logistics roles
Nov 25, 2020
Recruitment platform, Monster, is appealing for more women to consider roles in the logistics, transportation and supply chain industry following a surge in the number of job vacancies available in the sector.
5 top tips to maxmise sales on Black Friday and beyond
Nov 24, 2020
This years Black Friday and Cyber Monday are set to break all records as the boom in online sales continues. But how can online retailers ensure they take full advantage of this boom? Richard Falconer, COO at e-commerce experts Optiseller, gives his top five tips on how online retailers can maximise their sales during this peak period.
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.
