Restore Technology, the UK provider of IT Asset Disposition (ITAD) solutions, has announced a pledge to offer ‘smarter, cleaner, greener IT disposal solutions’ following the shock announcement that rival Arrow Electronics is closing its ITAD business.
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.
Restore Technology promises ‘smarter, cleaner, greener’ IT disposal solutions following shock Arrow withdrawal
Jul 30, 2019
More than 70% of retailers concerned about being outpriced by Amazon
Jul 30, 2019
ActiveViam has released a new study on pricing strategies and concerns from retailers. For the “Pricing Strategy Survey,” ActiveViam polled more than 500 senior pricing decision makers and executives at retailers with at least 100 employees from 21 May to 2 June 2 2019.
Are you ready for the mobile ecommerce revolution? How and why your platform needs to be smartphone optimised
Jul 30, 2019
By Branwell Moffat, Director of Commerce Consulting at Envoy Digital, part of the KPS Group.
Consumers love the way mobile enables them to slot online shopping, browsing and product research into their busy day as they sit on the train, wait in line for a coffee or kill time between appointments.
How parcel service delivery has evolved in 2019
Jul 23, 2019
By Matthew Robertson, Co-CEO, NetDespatch.
Parcel service delivery has evolved significantly in recent years, especially as online sales continue to soar, the demand for parcel delivery has gone up in parallel.
Consumer confidence remains low as companies look to provide a human touch
Jul 23, 2019
Consumer confidence remains flat in Q2 amid continued economic uncertainty, according to the Deloitte Consumer Tracker Survey.
Amazon Prime Day has ended – Futuresource explains how its daily price tracking service witnessed the greatest online event of projector deals yet
Jul 23, 2019
By Victoria Tselykh, Information Analyst, Futuresource.
When people think of Amazon Prime Day, home projection may not be the first tech category that comes to mind but the etailer, online retail in general in fact, has grown to become a key channel for projector sales.
‘Love Island effect’ boosts UK’s men’s grooming market
Jul 22, 2019
The total value of the men’s prestige grooming market in the UK was valued at £500 million in the 12 months to the end of June 2019, according to The NPD Group, an increase of £2.2 million on the same period the year before.
OneMarket introduces customer activation platform dedicated to retail
Jul 22, 2019
OneMarket has announced the availability of the OneMarket Customer Activation Platform, claimed to be the first combined data management platform and solutions ecosystem built exclusively to help retailers, brands and venues identify, understand and communicate with customers to build longer-lasting, more profitable relationships.
16% of UK shops lie empty according to Freedom of Information
Jul 22, 2019
According to figures released under the Freedom of Information Act (FOI), 15.9% of all shops and retail outlets in the UK now lie empty.
The figures obtained by Duff & Phelps,…
Paragon cycling team raises more than £3000 for children’s hospice charity
Jul 17, 2019
A group of employees from Paragon Software Systems, has successfully finished a 150-mile cycle ride to raise more than £3000 for local children’s charity Shooting Star Children’s Hospices.
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.
