Schneider Electric has unveiled with Cisco a new edge computing solution, integrating Cisco’s HyperFlex Edge, hyper-converged infrastructure (HCI) within Schneider Electric’s 6U Wall Mount EcoStruxure Micro Data Center, bringing resilient, secure and localised computing capabilities closer to where the data is created, processed and stored.
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.
The failing high street: top four lessons for small businesses
Feb 04, 2020
Profit warnings have become commonplace in the national media, with once-booming businesses such as Mothercare, Beales and Patisserie Valerie revealing that they have been crippled by a rise in online competition, or in the latter case, mismanagement.
Discover the latest solutions to navigate the evolving retail landscape at EuroShop 2020
Feb 04, 2020
The retail industry is undergoing a significant period of change. Consumer demand is constantly evolving led by rising expectations for an improved experience, both online and in-store.
Hermes invests seven-figure sum in ParcelShop branding
Feb 03, 2020
Consumer delivery specialist Hermes has announced a seven-figure brand refresh project at over 200 of its ParcelShops throughout the UK to increase its high street presence and attract more customers wanting a convenient way to post parcels and return unwanted items.
PCI Pal launches PCI Pal Digital for omnichannel payment security
Feb 03, 2020
The new solution delivers PCI compliance for payments across digital channels including webchat, social media, email and SMS
How can physical stores better digitise their in-store experiences?
Feb 03, 2020
A recent report by analysts at Retail Economics has predicted that half of all retail purchases will be made online by 2028. In the wake of this, it’s important that high street retailers take steps to remain competitive.
Savvy-shoppers wise up to discounting trend
Jan 31, 2020
While half (58%) of consumers admit to buying items during discounting events, such as Black Friday or the January sales, 56% only do so if items they had been looking at have been reduced as they wise up to the true value of discounts, finds REPL Group.
eBay, O2, Sainsbury’s, Halfords, Nandos set to speak at the UK’s no. 1 digital retail show
Jan 28, 2020
Retail professionals from eBay, O2, Sainsbury’s, Halfords, Nandos and Depop are among the big brand speakers at IRX (InternetRetailing Expo), the UK’s no. 1 digital retail show taking place on 1 & 2 April 2020 at the NEC, Birmingham.
63% of shoppers in the Midlands want to support independents
Jan 28, 2020
Supporting local businesses is one of the most important reasons to shop on high streets in the Midlands, according to a recent survey conducted by retail PR firm Cartwright Communications.
Five trends shaping retail In 2020
Jan 28, 2020
By Philip Hall, Managing Director Europe, CommerceHub.
2019 has been another challenging year for retail. With GFK’s most recent Customer Confidence Survey showing that the confidence index decreased to -14 in October, and with Brexit delayed again, we can expect uncertainty to continue to have an impact on the retail industry.
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.
