The shift towards online shopping risks alienating older consumers in the event of another lockdown, according to research by global commerce agency 5874 Commerce.
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.
Online retailers risk alienating older generations amid a rush to digitise during COVID
Oct 14, 2020
Job market boom predicted in supply chain sector as vacancies rise above pre-lockdown levels
Oct 14, 2020
The supply chain sector will experience a job market boom over the coming months as over 60 percent of workers in warehouse, logistics and delivery spent time during lockdown searching for a new role, according to latest research.
‘Prioritise H&S’ ahead of online Xmas sales spike, Bureau Veritas tells retailers
Oct 14, 2020
With tighter coronavirus restrictions forcing increasing numbers of Christmas shoppers online this year, compliance authority Bureau Veritas is advising retailers and logistics firms to prepare for the extra health, safety and hygiene risks this rise in festive e-commerce sales will bring.
New Covid ‘red alert’ plans: Britain’s couriers prepare once more for the front door to become the front line
Oct 13, 2020
At the height of the coronavirus national lockdown in March, the Government prioritised delivery drivers as key workers. Under the Government’s new three-stage ‘traffic light’ coronavirus alert plans – which could be introduced as early as Thursday – Britain’s delivery drivers are again bracing for the front door’s return to the front line in the battle against Covid.
BlackBerry AtHoc and ServiceNow partner to deliver secure and reliable incident response management
Oct 12, 2020
BlackBerry Limited has partnered with ServiceNow to integrate the BlackBerry AtHoc service within the Now platform for rapid crisis communications and IT service management.
Achieving an agile supply chain
Oct 12, 2020
Supply chain resilience has never been more important. Global markets are apt to change at a moment’s notice, often a result of dramatic shifts in consumer demand and availability of products – as can be seen most recently, in the restriction in component supply due to global lockdown. These sudden changes in demand can affect manufacturers in every sector.
Taking centre stage: The cloud and its role in the new ways of working
Oct 07, 2020
By Jay Litkey, EVP of Cloud Management.
In the wake of COVID-19, enabling remote work has required many IT teams to rapidly lean into cloud technologies to keep their businesses operating smoothly.
Retailers set for Christmas scramble as second wave of COVID-19 drives consumers online only
Oct 06, 2020
Online sales will be critical to retailers’ survival over the festive period, as the second-wave of COVID-19 measures hit, according to new research from logistics platform 7bridges and YouGov.
Sendcloud e-commerce shipping platform launches in the UK
Oct 05, 2020
Sendcloud, an all-in-one shipping platform for e-commerce businesses, has launched into the UK market.
COVID was a surprise – Christmas should not be
Sep 30, 2020
Ian Hall, COO at Atheon Analytics, provider of the SKUtrak platform, shares 3 things to plan now, to maximise Christmas sales in grocery retail.
None of us foresaw COVID, and the impact it would have on panic buying. It feels like a lifetime ago that the shelves had no toilet roll and pasta. But you don’t have to be a retail expert to foresee an uplift in turkeys, alcohol, and mince pies this December.
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.
