Blis has announced the beta launch of Smart Trends, a new analytics tool that allows marketers to analyse consumer behaviour, from audience profiling, to exposure, to attribution, by capturing and activating mobile movement data.
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.
Blis introduces Smart Trends, a consumer behavioural analytics tool powered by movement data
Dec 05, 2017
Optimise Inventory with True Multi-Echelon Planning
Dec 05, 2017
By Rod Daughtery, Blue Ridge. As you reflect back on the language of retail and distribution, it is interesting to see how the description has changed over the years. While the actual functional areas change, there are also new buzzwords that come about.
Thought for Food: How can AI help supermarkets to keep food fresh?
Dec 05, 2017
Every retailer will understand the importance of carrying the right level of stock, knowing that if they have too many gaps on their shelves that they run the risk of consumers defecting to their rivals, and that if they over-order then they will have huge piles of wasted food.
Amplience powers rich media production with SAP Hybris Commerce
Nov 28, 2017
Amplience has announced the release of Amplience Extension for SAP Hybris Commerce.
Next-generation supply & demand forecasting: How machine learning is helping retailers to save millions
Nov 28, 2017
By Daniele Barchiesi, Senior Data Scientist at Think Big Analytics, A Teradata Company.
How many Granny Smith apples should I deliver to each of my supermarkets? Will there be a run on sun cream this weekend? These are the types of questions retailers are asking when attempting to apply demand forecasting, a way of predicting demand levels for products or services to plan and manage supply chains more effectively.
Detego launches new mobile, chatbot and AI solutions for fashion retailers at NRF
Nov 28, 2017
Retail software vendor, Detego, will be showcasing its latest digital in-store solutions for retailers at NRF, the world's largest retail industry show on January 14-16 in New York, as a co-exhibitor on SAP´s booth # 2733.
Iceland Post deploys Descartes’ route planning solution for expanding delivery operations
Nov 21, 2017
Descartes Systems Group and Iceland Post have announced that Descartes' route planning solution is being deployed to manage delivery operations for Iceland Post as the company shifts its primary focus from mail to parcel delivery in support of the country's dramatic growth in ecommerce.
LDL Technology and ffly4u announce comprehensive asset-tracking system for supply chain across Europe
Nov 14, 2017
LDL Technology and ffly4u have announced a comprehensive, real-time asset-tracking system for the entire supply chain.
Procurement and supply chain jobs up 13% in the UK year on year
Nov 14, 2017
The latest Robert Walters UK Jobs Index has revealed that procurement and supply chain vacancies have risen across the UK, with the number of jobs available in the third quarter of 2017 up 7% compared to the same time last year.
Test for success – preparing for Cyber Monday
Nov 14, 2017
By Sven Hammar, CSO and co-founder, Apica.
The major calendar events of Black Friday and Cyber Monday 2017 are approaching, and online retailers need to ensure that they are prepared for a sharp increase in customer traffic.
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.
