MuleSoft, the integration and API platform solutions provider, has reported that 63% of retail organisations struggle to provide completely connected user experiences across all channels.
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.
63% of retailers do not provide completely connected user experiences, new MuleSoft study reveals
Feb 08, 2022
ClearSale expands chargeback protection with acquisition of ChargebackOps
Feb 08, 2022
Global ecommerce fraud protection leader, ClearSale, has expanded its solution offering and client portfolio by acquiring the enterprise chargeback management service provider, ChargebackOps.
project44 expands supply chain visibility presence in Europe with new technologies
Feb 08, 2022
project44 has introduced new technologies that extend its presence as a multimodal supply chain visibility platform provider in Europe and worldwide.
Amazon Business launches ‘Punch-in’ a new procurement solution for businesses to simplify the buying experience
Feb 08, 2022
Amazon Business has launched Punch-in, a tool now available to business buyers of all sizes in the UK and US. Punch-in is currently available with Compleat Software.
Retail Supply Chain & Logistics Expo
Feb 01, 2022
Retail Supply Chain & Logistics Expo will be bringing the most exciting and the best of the industry together, giving you access to 200 innovative exhibitors and 100 inspirational seminars, including an incredible lineup of keynote speakers from your favourite brands such as Amazon, DHL and Pepsi!
4 Tips For A More Efficient Packaging Solution For Your Products
Feb 01, 2022
By Matt Dawson, freelance writer
It’s said that the success or failure of your product can be influenced by the packaging design. The packaging is often the first interaction potential clients have with your product offering. How the initial interaction goes is believed to influence whether the customer will purchase your product or move to your competitors.
Smart Retail Tech Expo
Feb 01, 2022
We are excited to announce that RetailTechnologyReview.com has partnered with Smart Retail Tech this year! They are transforming the ExCeL London on the 2nd and 3rd of March into THE event of the year to help boost your profits and grow your business in the age of ‘New Retail’.
Cazoo to enhance customer experience and improve visibility with Zetes
Feb 01, 2022
Cazoo, the European online car retailer, which makes buying and selling a car as simple and seamless as ordering any other product online, has partnered with Zetes as their trusted advisor to enhance visibility, traceability and inventory management within their rapidly expanding operations.
New research reveals UK ecommerce businesses need to work harder to prevent consumers switching brands
Feb 01, 2022
Fresh Relevance has announced the results of new research into how willing UK consumers are to switch brands, what influences their decision and the impact the pandemic has had on brand loyalty. The independent survey was conducted by Censuswide who polled 2000 consumers in the UK.
Demand for UK logistics space continues to soar, fuelled by online retail demand
Jan 31, 2022
Demand for UK logistics and industrial warehouse space – fuelled by the continuing growth in online retail - has continued to soar, with 2021 full year data (for warehouses over 50,000 sq ft in size) showing a new record high in take-up, as 70.1 million sq ft was let or sold for own occupation, according to new figures from Cushman & Wakefield.
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.
