SupplyOn, the online platform used by 65,000 manufacturing companies for managing business processes in global supply chains, now offers the maintenance of supplier master data and its central provision in a globally used database as a service.
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.
SupplyOn offers updating of supplier master data with central access for its customers as a service
Jul 02, 2019
The high street is not dead: over half of EMEA consumers prefer shopping in physical stores
Jul 02, 2019
A new report launched by Blis, the real-world intelligence solutions provider, has found that innovation in bricks and mortar stores will breathe new life into the fragile status of the high street.
Hand to mouth: Stock flow and fast fashion
Jun 26, 2019
Fast fashion retailers need to be just that, fast. Consumer loyalty towards brands in this area is driven by customers being able to buy and return items when they want them, how they want them and where they want them. While this flexibility is great for the shopper, it can be a nightmare for the retailer. The cost of surplus goods in the wrong place can be detrimental to the margins, especially if it results in a scandal surrounding stock removal.
Paragon survey points towards growing reporting burden for the transport office
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Transport planning teams are under pressure to share more information than ever before as businesses look to increase visibility of their distribution operations, improve customer communications and remove internal silos.
Bringing digital fluidity to bricks-and-mortar retail
Jun 25, 2019
By Derrick Harris, Principal Product Marketing Manager, Pivotal Software Inc.
Boarded up windows, closing-down sales and a huge growth in e-commerce retail has seen the UK’s high streets continue to suffer in recent years.
Is digitisation the key to preventing cross-border landed costs from disrupting international ecommerce?
Jun 25, 2019
In a time of continued economic and political uncertainty - where threats against global trade either quickly materialise or fizzle out as part of hardline foreign policy negotiations - companies involved in international trade must now contend with an unprecedented amount of uncertainty and risk as the ‘new normal’.
Why Gen Z could be the answer to retail in the digital age
Jun 25, 2019
By Matt Newton, The Access Group.
Change on the high street is being driven by physical retailers looking for their new USP in the age of digital and store staff are an integral part of this transformation.
Tethr and Red Box announce partnership to accelerate and simplify the delivery of voice of customer analytics solution
Jun 25, 2019
Tethr, the AI-powered conversational intelligence platform for listening enterprises, and Red Box, the platform for voice, have announced a strategic partnership to help customers more easily capture and gain business insights from voice data.
CVAs are fatally wounding our High Streets, warns e-commerce delivery expert
Jun 25, 2019
As Monsoon seeks to join the ranks of stores slashing rents through a company voluntary agreement, ParcelHero says CVAs are simply speeding up the demise of High Street shopping and will impact on pension and investment schemes.
eCommerce fulfilment specialist fulfilmentcrowd opens new centre in South Wales
Jun 24, 2019
Chorley-headquartered order fulfilment and eCommerce logistics specialist, fulfilmentcrowd, has announced the opening of its latest service centre in Cwmbran, Wales, in partnership with leading seasonal decorations supplier, Festive Productions Ltd - further strengthening the capacity of its national network.
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.
