Barker and Stonehouse, the UK's largest independent family-run furniture retailer, has invested in a logistics solution from Paragon to provide customers with a superior delivery service with more choice.
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.
Barker and Stonehouse turns to Paragon’s routing and scheduling software for superior customer service
Feb 26, 2019
Retailers must question if multi-seasonal sales are detrimental to their brand
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Over the past few years we have seen the rise of the savvy shopper. Two years ago, the number one driver of retailer choice was quality, followed by the range of products on offer.
What retail tech will be hot this year… are you betting your budget on the right trends?
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Where are tech-savvy retailers investing their budgets this year? That’s the question on the lips of both retail budget holders and tech vendors.
Smart shopping malls thrill visitors, drive profit
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Shaping visitor experiences to maximise money spent. Driving in-store sales through smartphone notifications. Justifying premium mall rents with hard traffic data and lowering operating costs. These are just a few benefits of making shopping malls smart.
Talend cloud enables PointsBet to ensure compliance and reliability amid rapid international expansion
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Talend, the cloud data integration solutions provider, has announced that PointsBet, an online bookmaker from Australia offering both traditional fixed odds markets as well as PointsBetting, is using Talend Cloud and Microsoft Azure to deliver a differentiated mobile betting experience to just under 100,000 customers worldwide and support its international expansion.
Rimi Baltic selects Revionics price optimisation solution to enhance customer engagement and deliver business results
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With more than 12,300 people employed Latvia, Lithuania and Estonia, Rimi Baltic is a dominant grocer in the Baltics.
Brexit - What next for British business?
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By John Perry, managing director at SCALA, provider of management services for the supply chain and logistics sector.
With EU negotiators seemingly ruling out the possibility of a second referendum, Labour demanding customs union membership, and Theresa May still doggedly pursuing her universally unpopular agreement, we seem to be hurtling ever-faster towards a no-deal Brexit.
Slow fashion? Shoppers shun cheaper clothes in favour of longer-lasting items
Feb 19, 2019
Concerns about sustainability and quality means that consumers are moving away from fast fashion and are more likely to invest in longer-lasting clothing, according to research by the Fashion Retail Academy.
Five steps the grocery industry can take to mitigate the impact of a no-deal Brexit
Feb 19, 2019
The UK grocery retail industry could lose up to £4.5bn revenue in the three months after Brexit if retailers are not prepared by 29 March, analysis from operational improvement specialist Newton has revealed.
RetailEXPO 2019: Visitor registration now open
Feb 19, 2019
RetailEXPO, which unifies three leading retail shows - RBTE, RDSE and RDE - into an exciting new single show event that mirrors the transformation within the retail industry, is now open for 2019 visitor registration.
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.
