Evolve is a project funded by the European Commission under the Horizon 2020 Research and Innovation programme.
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.
Pepkor Europe selects Oracle Cloud as a platform for growth
Jul 16, 2019
Pepkor Europe, the pan-European variety discount retailer, has chosen Oracle Cloud to support the planned future growth of its brands, PEPCO, Poundland and Dealz.
Iconic shop George Fisher selects Eurostop’s solution for retail sales and in-store cafe
Jul 16, 2019
Eurostop has announced that George Fisher, the iconic outdoor clothing and equipment store in Keswick, Lake District, has selected Eurostop’s retail system for its in-store retail operations.
How to create a successful fashion marketplace
Jul 16, 2019
By Philip Hall, Managing Director Europe, CommerceHub.
Online marketplaces are booming in popularity and it’s hardly surprising: they provide an excellent selling channel for brands to attract new customers and allow retailers to expand their offering to appeal to more customers.
Manhattan Associates and Newmine partner to advance unified commerce
Jul 16, 2019
Manhattan Associates Inc. has entered into a partnership with Newmine, a consulting and technology company focused on retail commerce optimisation.
How retail can evolve through IOT & industry 4.0
Jul 16, 2019
By Mike Jeffs, Chief Commercial Officer, Hark.
Organisations have a significant opportunity to leverage new technology to save on the bottom line. Whether its increasing efficiency, reducing waste or maximising yield. Technology facilitates that by simplifying the route to intelligent assets, or as I would describe to my relatives – giving machines and buildings a heartbeat.
Nearly three quarters of shoppers have abandoned online shopping carts due to shipping
Jul 09, 2019
A new global shipping report by BigCommerce, the ecommerce platform for fast-growing and established brands, reveals that almost three quarters (73%) of UK online shoppers have abandoned their cart because they did not like the shipping options available.
How can AI reveal the hidden side of demand?
Jul 02, 2019
By Raphaël Bertholet, VP R&D, Retail Software Division, Symphony RetailAI.
Historically, demand forecasting using traditional, manual methods has proven laborious and complex.
The supply and demand dynamic - Demand Forecasting & Planning, S&OP Technology Report
Jul 02, 2019
Retail Technology Review spoke with leading industry spokespeople from the analyst and vendor community about how modern Demand Forecasting & Planning/Sales & Operations Planning (S&OP) solutions and other planning-related technology can help to facilitate better supply chain, manufacturing and distribution practice.
hoopo & Polymer Logistics bring IoT tracking to the supply chain
Jul 02, 2019
hoopo, the geolocation technology provider, and Polymer Logistics (PL), a global provider of Retail Returnable Packaging (RRP), have entered into a partnership to deliver IoT tracking to the supply chain across Europe. The partnership aims to increase product freshness, reduce food waste, and cut costs along the supply chain.
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.
