As part of a drive to continuously improve customer service, Aliaxis has teamed with BEC (Systems Integration) Ltd, a leading UK-based supplier of data capture solutions for supply chain logistics and manufacturing, to introduce Electronic Point of Delivery (ePod) technology to modernise its order track and traceability processes.
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.
BRC and Springboard footfall figures highlight need for retailers to deliver store of the future
Jul 17, 2018
Retail footfall has dipped for the seventh month in a row in June, with overall footfall having slipped by 0.9 percent year-on-year, according to the latest figures published today by the British Retail Consortium and Springboard.
The power of connectivity in retail
Jul 17, 2018
By Paul Crerand, director of solution consulting, office of the CTO, EMEA, MuleSoft.
Retailers have long understood that 'knowing the customer' is crucial for maintaining loyalty and standing apart from the competition. Today, in the age of Amazon, it's more critical than ever for retailers to access and leverage data to transform the customer experience.
InternetRetailing Conference 2018 – Collaboration, Innovation, Expertise. A powerhouse of ideas to re-generate retail
Jul 11, 2018
Retail is re-structuring, re-formatting, re-skilling and re-connecting with consumers. In the current climate, success belongs to retailers that dare to be adaptive, creative and to take risks. Re-launching for 2018 – in a brand-new London venue - InternetRetailing Conference 2018 brings together 800+ retail board members, C-level executives and directors for a breath-taking day of inspiration and collaboration.
Nortech's Transit Ultimate for demanding access control applications
Jul 11, 2018
People and vehicle access control specialist Nortech is now offering a robust long-range reader based on semi active RFID technology, which enables automatic vehicle identification at distances of up to 10 metres and speeds of up to 125 mph.
Will smart voice assistants revolutionise our shopping behaviour?
Jul 11, 2018
"What's the weather going to be like tomorrow?" "Play a Rolling Stones song" "What meetings do I have today?" These are just some of the most common requests made to smart voice assistants such as Amazon Echo (Alexa) and Google Home.
It’s complicated: 55% of organisations struggle to keep up with new tech
Jul 11, 2018
In this world we can often say we have too much choice and not enough time. B2B decision-makers are finding much the same is true for them, with the influx of new technologies available to their businesses proving too much to keep up with.
GDPR is an Opportunity for Retailers to Better-Understand Customers
Jul 11, 2018
By Ashish Koul, President of Acqueon.
In 2017, UK consumer spending slumped to its lowest level in five years, making the fight for the customer an even more chaotic battle scene.
Why ERP is the key to unlocking the future of retail
Jul 11, 2018
Drop shipping has the potential to completely change the world of retail. However, as John Weber, Director of Business Development and Product Management at Aptean, explains, retailers need an effective ERP system to truly make the most of this new retail reality.
Retailers data only 75% accurate, warn industry specialists, while chatbots reveal most common customer enquiries to be about stock availability
Jul 11, 2018
Detailed analysis by retail tech specialists at Detego has confirmed that the average retailers data is only about seventy-five percent accurate when it comes to knowing exactly what inventory is actually in stock at any particular time.
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.
