By Phil Godfrey, Solutions Architect, Park Place Technologies.
Speed and ease of transactions are essential components of any effective e-commerce site and are key considerations of retailers from the site design outset, but what happens when peak demands are far higher than anticipated?
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.
How e-commerce managers can prevent website overload this holiday season
Dec 14, 2021
Revealed: Is online shopping a stressful task?
Dec 14, 2021
While online shopping comes as second nature to some, this isn’t the case for everyone. For others it can cause confusion and frustration. To investigate how people really feel about online shopping and how stressful an experience it can be, Currys completed a study that compared peoples’ responses to online shopping with that during everyday activities.
Retail industry embraces low-code from Mendix
Dec 13, 2021
Mendix, a Siemens business and global provider of low-code application development for the enterprise, 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.
Report reveals fashion shoppers crave greener options
Dec 13, 2021
Avery Dennison Corporation has confirmed fashion shoppers’ interest in garment sustainability, having analysed data from its latest ‘Digital Consumer Behaviour’ report, produced in partnership with audience insight company GWI.
Vanderlande successfully delivers its largest project in Russia for Leroy Merlin
Dec 13, 2021
Vanderlande has successfully delivered its largest project on Russian soil to date, with the installation of its first ADAPTO shuttle-based automated storage and retrieval system (AS/RS) for Leroy Merlin, one of Russia’s largest DIY (do it yourself) retailers.
How to Pick Packaging Materials When Shipping Internationally for Ecommerce Businesses
Dec 08, 2021
By Ernesta Ranonyte, freelance writer.
International shipping comes with various challenges for any eCommerce business. Choosing the right packaging materials is one of them. This task shouldn’t be taken lightly. Proper packaging may determine whether your goods reach the customer undamaged or not. It’s especially important when sending packages to faraway regions, as in the case of shipping to Europe from the USA.
Forter announces Trusted Identities to simplify authentication for eCommerce interactions
Dec 07, 2021
Forter has launched Trusted Identities to help businesses simplify online account authentication. Trusted Identities protects against account takeovers that exploit consumer credentials and prevents fraudsters from abusing systems and policies by creating multiple accounts.
Gamma Location Intelligence targets £1.1 million in revenue as it launches Storecast Sentry to UK retailers
Dec 07, 2021
Gamma Location Intelligence (Gamma LI), the location intelligence services provider in the UK and Ireland, is launching its Storecast Sentry software platform in the UK and expects it to drive £1.1 million in recurring revenue by 2023.
All online buyers want for Xmas is speedy postage... and are happy to pay for the privilege
Dec 07, 2021
Christmas is a time for giving, sharing good times with your friends and loved ones, and increasingly… buying gifts online.
Over 75% of UK shoppers have revealed they now shop online. Grabbing their attention in an increasingly overcrowded marketplace is becoming tougher than ever for online retailers, who literally have just a few vital seconds to make an impact before buyers move on to the next listing.
Thermal transfer ribbon company raises the bar with investment in the UK and Europe
Dec 06, 2021
The COVID-19 pandemic and supply chain issues are still afflicting parts of the economy, notably food, logistics and other sectors. To combat the challenges its customers face, Thermal Transfer Solutions (TTS) is investing around £225,000 in its Redditch manufacturing facility over the next 12 months. This will boost annual converting capacity to in excess of 95 million square metres and help to reduce the amount of waste going to landfill.
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.
