New data has shown that the UK started preparing for Christmas significantly earlier than usual this year. People began researching their Christmas purchases online as early as mid-July, a good five to six weeks ahead of the traditional uptick in seasonal interest identified in previous years.
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.
Online search behaviour reveals that Christmas really has come early this year – in July
Nov 01, 2021
Supply chain, warehouse management, data analysis: DENSO digitalises logistics with RFID and IoT solutions
Nov 01, 2021
Logistics is under massive pressure: On the one hand, the industry has good growth prospects due to the corona-related growth in e-commerce. On the other hand, however, it has to meet increased customer demands and at the same time master the digitalisation.
Half of UK shoppers will ditch a retailer if its app crashes this Black Friday
Nov 01, 2021
Almost half (46%) of Brits will stop shopping with a retailer altogether if its mobile app crashes this Black Friday. That’s according to new research from Emarsys, which examines UK consumer shopping turn-offs ahead of Black Friday.
Understanding the relationship between software and retail
Oct 28, 2021
By James Daniels, freelance writer.
Computers and apps have transformed almost all aspects of modern life and changed everything from how businesses communicate with each other to how people watch media and, of course, the way people shop.
The future of the British high street lies 400 years in the past
Oct 26, 2021
In order to save the Great British high street of the 21st century, we need to go back in time and take inspiration from the 17th century. Indeed, findings from a new report published by Britain’s community bank Metro Bank reveal the future of the high street actually lies 400 years in the past.
Supply chain delays spur early Christmas shopping for 45% of UK consumers
Oct 26, 2021
While it might feel like Christmas preparations start earlier and earlier every year, this dynamic has become a reality for retailers in 2021 with warnings of supply chain disruption, panic buying, and fears of festive lockdown restrictions leading to an earlier-than-ever shopping season.
Retailers brace for fraud spike as peak shopping season approaches
Oct 26, 2021
Half of UK retailers anticipate a spike in fraud attacks on their businesses in the Q4 shopping period, new research commissioned by Adyen, the payments platform of choice for many of the world's leading companies, has found.
SnapFulfil invests £2million in new personnel to meet demand
Oct 20, 2021
Demand for SnapFulfil’s functionally rich cloud-based WMS has seen the technology innovator invest £2 million in building its team to support growth.
Independent retailers launch Black Friday deals
Oct 19, 2021
Ankorstore, the curated marketplace connecting independent brands with local retailers, is offering a minimum 10% discount on all products from 25 October to 2 November to give independent retailers a fighting chance this Black Friday. Brands can add additional discounts.
Supplier e-commerce sites failing B2B buyers
Oct 19, 2021
B2B suppliers are failing buyers, new research has found, with 52% of e-commerce sites not fully meeting expectations.
Difficulty finding relevant products (32%), none or not enough product images or videos (30%), and an inability to talk to someone or ask a question (28%) were identified as the top frustrations with underperforming sites.
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.
