True Fit, the data-driven personalisation platform for footwear and apparel retailers, now offer’s fit recommendations for consumers shopping for bras online. The feature supports a full size range, including plus size, in the US and sizing systems throughout Europe and Australia.
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.
Are we embracing the profit potential of the over 50s?
Apr 09, 2019
Are retailers overlooking a prime market? The over 50s age group contributes to 76% of the UK’s financial wealth and just under half of it is consumer spending.
Paragon launches new Live Management functionality for improved transport planning and execution
Apr 03, 2019
Paragon Software Systems has expanded the functionality of its Live Management software to give transport operators greatly improved visibility at every step in the planning and execution process.
Industry expert joins imio Software Solutions board
Apr 02, 2019
Industry expert Professor Phil Greening has joined the Board of Directors at imio Software Solutions, a UK-based software business specialising in warehousing and fulfilment.
From preparation to implementation: How to fully adopt automation in 2019
Mar 26, 2019
By Joe Schreiber, Technical Director of Business Development, Tufin.
The past 12 months have seen a shift in how enterprises view automation and its benefits to their security and DevOps teams.
Stop saying ‘sorry, we’re out of stock’ –here’s how
Mar 26, 2019
By Samir Belkhayat, UK Director for Cegid.
“I adore this floral shirt, but you’ve run out of mediums!” Sadly, just because the world is moving to a new digitally-enhanced, joined-up retail model – namely omnichannel – it doesn’t mean stock-outs are a thing of the past. Retailers still struggle to have product in the right place, in the right quantities, at the right time, and they are losing sales and customers as a result.
Go Instore, HP and Currys PC World join forces to drive growth in online revenue for HP products
Mar 26, 2019
Go Instore, provider of immersive omnichannel retail experiences for personalised ecommerce, has announced the success HP inc has had in providing human-led digital user experiences for their retail partners’ online customers.
Firms increasingly cautious on risk-taking in the supply chain
Mar 26, 2019
Companies are increasingly cautious over taking risks in their supply chain, with fears over their level of dependence on suppliers and sourcing from high-risk countries dominating their thinking, data in a new report shows.
Keeping ahead of the development curve – ERP Special Technology Report
Mar 26, 2019
Manufacturing & Logistics IT spoke to a number of experts from the vendor and analyst communities about current trends and areas of development within the world of ERP – including those concerning integration, digital optimisation and the Cloud.
Participants include Panorama Consulting, Frost & Sullivan, Aberdeen Group, Gartner, Epicor, QAD.
Hawes & Curtis further evolve its digital shopping experience with One iota
Mar 19, 2019
Hawes & Curtis, the formal menswear and womenswear retailer, is collaborating with multi-channel technology specialist One iota to deploy their Assisted Sale iPad App across its stores nationwide.
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.
