The latest Aldermore Future Attitudes report reveals that four in five (80%) of SMEs in the IT sector, representing 270,280* small and medium sized business across the UK, find it difficult to hire qualified staff members or keep existing talent in the company.
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.
Fast and accurate proof of delivery
Mar 19, 2018
Philip Jarrett, director of sales & marketing, BEC (Systems Integration) Ltd., discusses BEC's new eSmart Proof of Delivery (ePoD) system and the wide range of benefits it offers to distributors.
Cyber security, big data analytics and enterprise cloud among top digital technologies for retail and CPG firms
Mar 06, 2018
An Infosys research report titled, Digital Outlook for the Retail and CPG Industry, highlights how digital technologies deployed at organisations are improving existing operations, solving new problems, and creating new opportunities.
Pandora partners with Quintiq for implementation of a production planning solution
Mar 06, 2018
Quintiq, a Dassault Systèmes company and provider of supply chain planning and optimisation (SCP&O) solutions, has announced that its software will be used to support Pandora's capacity expansion program.
Maxoptra Quartix integration keeps transport operations on track
Mar 06, 2018
Maxoptra has integrated its multi-drop, cloud-based vehicle routing and scheduling software with Quartix real-time vehicle tracking.
Conversity: 5G is on its way, but retailers still aren’t doing enough to be disruptive in a challenging market
Mar 06, 2018
With this year's Mobile World Congress about to come to a close, discussions have inevitably focused on the future arrival of 5G connectivity, which could finally become a reality next year.
Automated parcel delivery – the future of last mile
Feb 27, 2018
By Matthew Robertson, Co-CEO NetDespatch.
I read a particularly interesting article this week. It focused on technology and the changing face of delivery. Paragraph after paragraph it waxed lyrical about how consumers were finally starting to embrace new forms of delivery, such as drones and autonomous vehicles, and argued that with robotic drivers no longer limited to our TV screens, soon enough our science-fiction dreams would become a reality.
Retail rut? Only 50% of UK retailers have a digital strategy in place despite consumer demand
Feb 19, 2018
Almost half (46 percent) of British consumers believe Augmented Reality (AR) will positively impact retail, with Virtual Reality (VR) close behind (22 percent), yet only 50 percent of retailers have a digital strategy to implement these technologies according to Fujitsu's Tech in a Transforming Britain Report.
Leading retailers come together for Big Plastics Debate
Feb 19, 2018
Coca Cola, Co-Op, Asda, Marks & Spencer and Iceland will come together under one roof for the first time at Packaging Innovations 2018, to talk about the UK's hottest topic – plastics in packaging.
Supply chain professionals recognised with a work-based degree solution
Feb 19, 2018
Supply chain leaders and aspiring leaders, of all ages, are now able to gain a work-based supply chain leadership degree apprenticeship, which can be funded from employers' apprenticeship levy pots.
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.
