Aptos, Inc., the retail technology solutions provider, has announced significant updates, integrations and innovations across its Singular Retail suite, the end-to-end portfolio of software applications designed exclusively for retailers.
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.
UiPath issues new report on the applications of Robotic Process Automation (RPA) in retail
Jan 22, 2019
Enterprise Robotic Process Automation (RPA) software company UiPath has issued a new report ‘RPA: The Next Step in Retail Automation’.
The Supply Chain of the Future
Jan 16, 2019
Supply chains are modernising at a rapid rate as organisations look to capture the opportunity and potential offered by new technology and digitalisation.
Aligned to Industry 4.0, Supply Chain 4.0, combines new tools and solutions including; Internet of Things (IoT), advanced robotics and automation in the supply chain, cutting edge technology such as blockchain, advanced analytics and the management of ‘big data’.
Mindtree named a Leader in Digital Services for Travel and Hospitality by independent research firm
Jan 15, 2019
Mindtree, a global digital transformation and technology consulting services company, has been named a leader in the ‘Zinnov Zones for Digital Services in Travel & Hospitality’ report for 2018.
Retail technology: investing in IoT to unlock multiple business benefits
Jan 15, 2019
By Jason Kay, CCO, IMS Evolve.
Technology investment within food retail is predicted to increase by 3.6 per cent within the next 12 months and, according to Gartner research, similar growth rates are expected over the next two years.
Predicting the future and understanding the role of technology in logistics
Jan 08, 2019
It is vital to understand and keep pace with the moving tech landscape. Moreover, it is not only the type of changes, but the rate of change itself that is speeding up. Businesses that understand the role of technology in logistics, and are able to adapt are significantly more likely to survive the next decade of changes than those who don’t.
Using the cloud for integration turns marginal into massive gains for retailers
Jan 08, 2019
By Graham Woods, Managing Director of W3Partnership.
No-one talks about retail in terms of online and offline anymore. The word omnichannel entered and left our parlance with equal speed. Retailers are now focussed on providing customers with the choice, experience and delivery they want, when they want it – regardless of the channel on which any part of the customer journey takes place.
Gartner mentions FarEye in the Hype Cycle for Multienterprise Solutions, 2018 under the Global Logistics Visibility technology
Jan 08, 2019
FarEye, a technology solution to run eCommerce and supply chain logistics operations has been mentioned as a sample vendor in Gartner’s recent Hype Cycle report for Multienterprise Solutions[1] under the Global Logistics Visibility technology which was published on 13 December 2018.
Meeting the demand - SCM Technology report
Jan 08, 2019
Manufacturing & Logistics IT spoke to a number of key spokespeople from the vendor and analyst communities about recent developments in the world of supply chain management-related software – including those involving mobility, SaaS/Cloud, Big Data and Digital Transformation.
Participants include: Gartner, Panorama Consulting, Aberdeen Group, Cap Gemini, Frost & Sullivan, Access Supply Chain Software, Manhattan Associates, BEC (Systems Integration) Ltd, DynaSys, TIMOCOM, Honeywell.
WiFi SPARK and Blackbox launch real-time Transport Information Portal to give rail passengers instant mobile access to rail information
Jan 08, 2019
WiFi SPARK and Blackbox Ltd are set to launch a real-time Transport Information Portal to the rail market via the SPARK Platform.
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.
