The research from Ghost Data shows incredible detail. The research team scanned around four million Instagram posts, identifying more than 56,000 accounts involved in counterfeiting activities – more than double the 20,000 accounts the same group found in 2016.
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.
Premiere for Siemens Digital Logistics at transport logistic
Apr 30, 2019
Siemens Digital Logistics is coming to the transport logistic trade show in Munich (June 4-7, 2019) to present an integrated portfolio of software and consulting solutions for the precise planning and control of global supply chains.
TrueCommerce Datalliance releases first platform update of 2019
Apr 23, 2019
TrueCommerce, a global provider of trading partner connectivity, integration and unified commerce solutions, has announced that TrueCommerce Datalliance, its division focusing on vendor managed inventory (VMI) and collaborative replenishment (CR) software, has released its first of three software updates for 2019.
One in three retail workers holding out for redundancy before switching careers
Apr 22, 2019
34% of retail workers in the UK are waiting to be made redundant before switching careers, according to a survey released by professional training provider Learning People.
2 in 5 data-driven initiatives are failing in the retail industry, with 43 per cent of failures due to a skills shortage
Apr 22, 2019
New research by Exasol, the analytic database provider, has found that almost half of data-driven initiatives are failing in retail organisations.
Demand forecasting for retailers: the benefits of AI
Apr 22, 2019
By Arnaud Gauthier, President & Chief Customer Officer, EMEA at Symphony RetailAI.
The ability to quickly and accurately anticipate demand is essential for those who want to remain competitive in the retail industry, where even the slightest variation in production volume, distribution networks, or just the weather can have an immense impact on turnover.
74% of UK retailers do not correctly attribute footfall to digital spend
Apr 22, 2019
Most UK brands are unsure of the actual impact digital marketing spend is having on visits to their own bricks and mortar stores.
Record numbers of High Street stores close as Debenhams falters and ASOS’ profits plummet – There's only one solution, says ParcelHero
Apr 15, 2019
Retail has been hit by a perfect storm, says the home delivery expert ParcelHero. New figures from PwC reveal 5,853 shops closed last year, and embattled Debenhams has placed itself in receivership as it fights against the onslaught of e-commerce. But with ASOS’ profits tumbling nearly 90%, online retailers are also struggling.
Smart packaging counteracting the lost moment of truth
Apr 15, 2019
In the new report "Smart Packaging 2019-2029", IDTechEx Research finds that electronic smart packaging will become a $1.8 Billion market in 2029.
How Polish B2B companies buy and sell online – Survey and report
Apr 15, 2019
How many Polish companies sell and buy products online? What are their sales channels? How do they search for clients and business partners?
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.
