Fast growing order volumes, a higher cost pressure and increasing demands on process quality: logistics companies are still facing the challenge of making internal warehouse processes more cost-effective, more efficient and at the same time less error prone.
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.
BEC implements a voice-enabled data capture scanning solution at Flowervision
Jan 24, 2020
BEC (Systems Integration) Ltd interviews Nick Hudson, General Manager at Flowervision (Bristol) Ltd, and discusses how he and Managing Director Andrew Jones and his team worked with BEC to create and implement a voice-enabled data capture scanning solution.
Peak achieves AWS Retail Competency Status
Jan 22, 2020
Peak has achieved Amazon Web Services (AWS) Retail Competency status. This accreditation supports Peak’s expansion to the US market, establishing itself as an AWS Retail and Machine Learning Competency Partner on a global scale.
Three quarters of companies in the business & professional services sector believe Brexit ‘will have a positive long-term impact or no impact at all on business’
Jan 22, 2020
A new state-of-the-nation study into how companies in the business and professional services sector are prepared for Brexit, has revealed some 42% of businesses believe the process of exiting the EU is currently having no impact on their business at all, while 28% feel it has had a positive impact.
Manhattan Associates and IHL Group survey reveals the key to maximising omnichannel profits
Jan 21, 2020
A recent survey byManhattan Associates Inc. and IHL Group has uncovered a strong correlation between omnichannel fulfilment maturity and margins.
From Brexit to omni-channel fulfilment – a year-in-review for online retail
Jan 20, 2020
By Joe Farrell, VP of international operations at PFS.
Amidst ongoing political turbulence and the continued transformation of the modern high street, 2019 was a challenging year for retail to say the least. Brexit uncertainty, combined with the growing customer demand for sustainability and superior levels of customer service, has put substantial pressure on embattled retailers.
Elastic Path acquires Moltin
Jan 20, 2020
Elastic Path, the provider of headless commerce solutions, acquired commerce technology company Moltin to create what is claimed to be the industry’s only commerce platform that enables every business leader to quickly and easily leverage microservices to gain a competitive advantage in the market.
Online spending partly rescues dismal December
Jan 17, 2020
ONS retail sales figures for December saw overall sales fall 0.6% against November. But a strong showing from department store web sales saved Christmas for many retailers says ParcelHero.
Aruba advances digital retail experiences with SD-Branch developments
Jan 15, 2020
Aruba, a Hewlett Packard Enterprise company, has announced the next milestone for its SD-Branch solution that is claimed to enable more secure, streamlined and simplified deployment and management of large distributed retail networks.
Generous Sunderland shoppers support good causes
Jan 14, 2020
The spirit of giving is alive and well in Sunderland, with generous shoppers helping to support a whole range of charitable causes.
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.
