iland, provider of secure application hosting and data protection cloud services built on proven VMware technology, has announced new capabilities to iland Secure Cloud that enhance iland’s comprehensive hybrid cloud offering by maximising application performance, while at the same time controlling costs.
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.
Hitachi news: Retail businesses move online to stay competitive
Jun 16, 2020
One in seven small business owners (14%) say they are transitioning towards becoming fully or mainly online enterprises since the outbreak of the Covid-19 pandemic in the UK, according to new research from Hitachi Capital Business Finance.
Warehouse and supply chain management in the new normal
Jun 16, 2020
Following the unveiling of Manhattan Associates’ Manhattan Active Warehouse Management solution at the company’s recent online Momentum Connect customer conference, Retail Technology Review spoke with the company’s UK managing director, Craig Summers, about the current warehousing and supply chain landscape – including the rise of omnichannel and the unprecedented challenges of the coronavirus pandemic........
31% of retail marketers say ‘lack of ownership’ is their biggest challenge when building digital experiences
Jun 10, 2020
Over a third (31%) of marketers working in the retail sector say that a ‘lack of clear ownership’ is their biggest challenge when building digital experiences. That’s according to new research from CMS provider, Magnolia.
Brakes partners with KPS on digital transformation to support its mission to feed the nation
Jun 10, 2020
Brakes, the UK foodservice wholesaler, has partnered with KPS, the UK ecommerce agencies, to digitally transform its operations during the covid-19 lockdown.
First Mile launches safe and simple used PPE waste disposal solution for retailers
Jun 09, 2020
Retail businesses throughout London and Birmingham can now easily and responsibly dispose of face masks, gloves and other forms of workplace personal protective equipment (PPE), thanks to a new dedicated PPE disposal service from leading waste and recycling company, First Mile.
Online retail sales reach 12-year high as e-commerce underpins the ‘new normal’
Jun 09, 2020
COVID-19 continued to reshape the retail landscape in May, as consumers acclimatised to the enforced shift of shopping online.
Germans spend proportionally less than other Europeans on brick-and-mortar retail
Jun 09, 2020
In 2019 the retail turnover share of private consumption decreased by 1.0 percent in the EU-27 countries. As such, EU consumers spend on average 29.9 percent of their money on brick-and-mortar retail.
Sikka Software announces new service empowering retail healthcare to rebound from the economic impact of the COVID-19 pandemic
Jun 08, 2020
Sikka Software has launched Sikka Insights, a new analytics service that encompasses the retail healthcare ecosystem of practices, manufacturers, distributors, financial institutions and service providers.
Sekura launches new technology to help retailers get back to business
Jun 08, 2020
Retail technology company Sekura Global has launched two new products to enable retailers to ramp up operations post-coronavirus. SteryBot, claimed to be the world’s first autonomous retail sanitising robot, and a dynamic social distancing system have been added to the company’s range of PPE and safety essentials to make stores and distribution centres Covid-safe for customers and staff.
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.
