The Sage Group plc, the accounting, financial, HR and payroll technology provider for small and mid-sized businesses, has agreed to acquire Brightpearl, a cloud native multichannel retail management system for retailers and wholesalers.
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.
Super Saturday footfall subdued by shoppers' Omicron fears
Dec 21, 2021
UK footfall on Super Saturday (18 December) was down -26% compared to pre-pandemic levels, according to the latest data from Sensormatic Solutions, as Omicron fears keep shoppers away from the High Street.
Valuable lessons from the ghosts of retail’s past, present and future
Dec 21, 2021
By Martyn Cole, Director of Commercial Operations at Retail Directions.
When Ebenezer Scrooge was stuck in his ways, he had the benefit of timely visits from the ghosts of the past, present and future to teach him how to change his ways. As we move into 2022, we come bearing a candid look at the past, present, and future for retailers too. Sitting comfortably?
Meeting the demand - WMS/Voice-directed Picking Technology report
Dec 21, 2021
Retail Technology Review.com spoke with key spokespeople from the vendor and analyst communities about current and possible future trends and areas of development within the world of warehouse management systems (WMS) and voice-directed picking solutions.
Retail industry embraces low-code from Mendix
Dec 20, 2021
Mendix, a Siemens business, has announced that the European online optical retailer, Vision Direct, used the Mendix platform to build a number of applications that simplify backend processes and streamline order fulfilment.
Supermarkets bear the brunt of shelf gaps as supply chain disruption drives out-of-stocks, Pricer’s data reveals
Dec 20, 2021
Supermarkets have been the worst retail vertical hit by shelf gaps as supply chain disruption sees shoppers faced with poor stock availability at the shelf edge in the run up to Christmas, the latest research from Pricer, provider of ESLs (Electronic Shelf Labels), reveals.
High Street shoppers fuelled a 10.8% boom in sales in November, while online slumped -12.2%. But it’s far from a return to business as usual, warns ParcelHero.
Dec 20, 2021
Figures released by the Office for National Statistics (ONS) revealed shoppers flooded back to the High Street in November, creating a 10.8% rise in the value of retail sales, compared to a year previously.
The Importance of Access and Security Systems for Warehouse and Supply Chain
Dec 15, 2021
By Paul Jones, freelance writer.
With the growth of supply chain management and the globalization of business, it’s more important than ever to have a secure and efficient warehouse and supply chain to keep your inventory safe from theft or unauthorized access. Here are some benefits of having a solid security system in place for your warehouse or supply chain:
UK supply chains set to benefit from C.H. Robinson’s $1bn global tech investment
Dec 14, 2021
UK supply chains are set to benefit from C.H. Robinson’s $1bn global investment in technology which will help shape the future of the country’s logistics ecosystem.
The high street’s gone digital: UK businesses are changing priorities for safety
Dec 14, 2021
By Rafael Lourenco, EVP, ClearSale.
The high street has long been a bastion of British culture, with department stores offering all manner of goods under one roof and independent stores filling in the gaps.
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.
