BigCommerce, the Open SaaS ecommerce platform for fast-growing and established brands, has acquired Quote Ninja, Inc. (dba B2B Ninja), a premier enterprise software solution providing business-to-business (B2B) ecommerce capabilities for merchants of all sizes.
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.
Harper Dennis Hobbs to launch Metaverse consultancy for retailers
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Portworx by Pure Storage announces strategic engagement with AWS
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Embracing ecommerce opportunities: Transforming supply chains, product packaging, and data requirements
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Lee Metters, Group Business Development Director, Domino Printing Sciences, believes the changes the COVID-19 pandemic brought to consumer shopping behaviour have irrevocably altered retailers’ and brands’ ecommerce models, with the data behind product barcodes at the centre of a far more flexible, agile, and individualised strategy:
Completing a purchase is no longer just about prices or discounts
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Robert Hoffmann, CEO of Merchant Services at Nets Group.
Whether consumers complete a purchase is no longer just about prices or discounts – how you can pay for it also comes into play.
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By Andrew Thompson, freelance writer.
With so much of consumerism shifting to online platforms, logistics and fleet companies are booming now more than ever.
Love is in the air: The majority of Brits plan to celebrate Valentine’s Day this year, with three-quarters saying plans unaffected by COVID fears
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Attest, a consumer research platform for some of the world’s biggest and fastest-growing brands, has released new research on how the British public plans to spend its Valentine’s Day.
Delaware & Pyramid Analytics partner to bring decision intelligence to enterprises across UK & Ireland
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Global IT services company, Delaware, has announced a partnership agreement with Pyramid Analytics. Pyramid Analytics is a pioneering decision intelligence software provider that unifies Data Preparation, Business Analytics, and Data Science in a single Analytics and Business Intelligence (ABI) environment.
Survey: 85 percent of UK consumers do not trust businesses with the privacy and security of their online data
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A recent study of 1,012 UK consumers, conducted independently by API management provider Axway, has revealed that the majority of Britons have serious concerns over how their data is stored and secured, however 50% are prepared to overlook those concerns in favour of a better user experience.
Pipedrive enhances service with Rackspace Technology Private Cloud management and UK data centre
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Pipedrive, the global sales-first CRM and intelligent revenue management platform for small businesses, has opened a newly built Rackspace OpenStack private cloud environment in the UK, provided by Rackspace Technology.
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.
