The sharp increase in online shopping during the pandemic has underlined the important role of the UK’s freight industry in keeping goods moving. However, if e-commerce activity continues to grow as expected, logistics experts are concerned that the UK could be heading for a last-mile delivery crisis. Could new generation delivery robots come to the rescue?
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.
Record number of carriers, brokers and 3PLs qualify for FourKites’ 11th Premier Carrier List
Nov 29, 2021
FourKites, the real-time supply chain visibility platform, has published its global Premier Carrier List (PCL) for the third quarter of 2021.
Black Friday shopper traffic up +35% week-on-week, but even early festive footfall fails to drive shopper numbers to pre-pandemic levels, down -23%
Nov 29, 2021
Early Christmas shopping boosts Black Friday footfall on the UK High Street, with shopper traffic up +35% week-on-week, according to Sensormatic Solutions, the global retail solutions portfolio of Johnson Controls.
New report spells out ominous warning for European retailers facing a 350% increase in fraud pressure
Nov 29, 2021
As the holiday shopping season hits full stride, ecommerce retailers across Europe face a new era of malicious attacks spurred by a COVID-inspired transformation in ecommerce and a 350% increase in fraudulent online orders, according to data published today by Signifyd, the market leader in guaranteed commerce protection.
New research from FourKites and Reuters highlights massive challenges facing European supply chains
Nov 24, 2021
To better understand the state of European supply chains, FourKites, a leading real-time supply chain visibility platform, partnered with Reuters Events to survey over 450 supply chain leaders across the continent, with particular emphasis on the UK, Germany and the Netherlands.
Research commissioned by Prosimo finds traditional networking impedes multi-cloud journey
Nov 23, 2021
Prosimo, the Application Experience Infrastructure company, released its 2021 Semi-Annual State of Multi-Cloud Infrastructure Report and Application eXperience Infrastructure Study [AXIS]. The survey of more than 400 IT leaders across the US and the UK whose organisations had more than 1000 employees examined the performance of applications across global cloud service provider (CSP) regions.
To create experiences of the future, retailers must embark on a full-scale business transformation
Nov 23, 2021
By Greg Adams, Regional VP UK&I, Dynatrace.
In the retail industry, customer experience is everything. Most retailers have already been on a transformation journey centring around this for some time. However, over the past 18 months, changing consumer expectations and needs have accelerated digital transformation roadmaps dramatically.
Online sales fell -8.2% YOY in October, but don’t bet against a second online Christmas, says ParcelHero
Nov 23, 2021
New Government figures show the amount we spent in October grew by 1.6%, with the number of items we bought from High Street sports and toy stores increasing by 7.6% as Brits started Christmas shopping early. In contrast, online sales slipped back by -0.6% against the previous month, but ParcelHero says online baskets will still be full in November.
UK online spending hits £10.4 billion in October, Adobe Digital Economy Index finds
Nov 23, 2021
Adobe released its latest Adobe Digital Economy Index for the UK, revealing that UK shoppers spent £10.4 billion online in October – an increase of 5% on last year’s COVID-driven gains and an indication that many consumers started their Christmas shopping earlier than ever this year. The figure is the highest ever online spend in October and 58% higher than in 2019.
Using Salesforce can help tackle climate change
Nov 22, 2021
This month as Partners at COP26, global tech behemoths Salesforce announced that they’ve reached net zero and encouraged their customers to aim for the same goal. The Architech Club, a Salesforce Consultancy based in London, has responded with a suite of services to help people Salesforce Sustainably.
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.
