Mytraffic, European expert in the analysis of pedestrian and vehicle flows for retail, real estate companies and cities, has tracked post-lockdown traffic in over 900 commercial areas in the UK.
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.
One of UK’s biggest grocery retailers partners with Trakm8
Nov 04, 2020
Trakm8, the UK fleet management solutions provider, has agreed a long-term deal to supply its route optimisation and delivery slot booking software to one of the UK’s largest grocery retailers.
Gain Black Friday success through mCommerce and personalisation
Nov 04, 2020
With the Black Friday and Cyber Monday weekend (27th – 30th November) around the corner, global eCommerce platform Kooomo advises retailers that mobile commerce, otherwise known as mCommerce and personalisation are key to maximising conversations and sales this cyber weekend.
Four Types of Ecommerce Merchandising That Business Owners Should Know
Nov 03, 2020
By Sam Cortez, managing editor and outreach specialist for Scalefluence.com
Merchandising is the process and practice of displaying and arranging products for the best customer experience. The concept of merchandising is based on guiding prospective customers through the buyer’s journey and presenting them with the right products, at the right time and place, in the right quantity, and with the best prices.
Just 1 in 10 will base shopping decisions around maintaining Christmas traditions this festive season
Nov 03, 2020
While late-night shopping on the high-street is part of the annual run up to Christmas for many people, new findings suggest that maintaining this tradition will matter to just 11% of consumers this year.
Customer data analysis key to omnichannel marketing success and business growth
Nov 03, 2020
Companies which collate and analyse customer data, both online and offline, have grown 16% in the past year and are more than twice as likely to significantly exceed business goals and see strong return on investment (32% versus 14%), according to a global survey of 235 organisations with annual revenues of at least $50m.
Research exposes the £68.8 billion opportunity for UK retailers
Nov 02, 2020
Data released by global payments platform Adyen, outlines the economic gains that could be accessed by getting more UK retailers online.
Retailers must optimise their pricing strategies for affordability during the golden quarter, says Oxylabs
Nov 02, 2020
Recent figures from the CBI has revealed ‘retail sales fell at its fastest pace in four months in October’ as people reined in spending in the face of more coronavirus restrictions.
Embrace automation or get left behind, urge ecommerce leaders
Oct 28, 2020
In recent months, more and more businesses have embraced digital than ever before in an attempt to claw back some revenue from factors such as store closures and physical restrictions. And, as a result, an omnichannel approach has never been so important.
Regency Design launches external WeatherGuard to protect customers obliged to queue
Oct 28, 2020
Regency Design, the British design and manufacturing specialist, has invented a novel way of protecting queuing customers from the elements – a modular tunnel system known as the External Q WeatherGuard System.
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.
