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.
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.
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.
Ensuring order visibility: How control towers can help retailers meet the customer promise
Jul 11, 2018
By Bobby Shome, Global Business Development Director, Centiro.
In today's competitive market, ensuring delivery success is more important than ever for retailers. Around the world, customer expectations about the standard of product delivery continue to rise, with those in the more mature ecommerce markets growing increasingly picky.
'Game-changing' product discovery tool launched by retail specialist
Jul 11, 2018
A new product discovery platform allows suppliers to showcase their products to retailers and is claimed to revolutionise the way buyers discover new products.
The future of the contact centre - genuine omni-channel engagement
Jul 01, 2018
By Joe Rabah, Managing Director for EMEA, RMG Networks.
We are all familiar with contact centres; they are the places we call when we feel unhappy with, confused or annoyed by a brand, or when we need information about a product or service.
React Transport selects EPOD system from TouchStar
Jul 01, 2018
React Transport are experts in fragile freight distribution and has operational bases in Livingston, Manchester and Reading
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.
