Alibaba Cloud, the digital technology and intelligence back bone of Alibaba Group and Salesforce, the CRM solutions provider, have announced they are working toward an agreement to launch Salesforce Social Commerce, a headless commerce product being designed and built in China to help multinational brands succeed in the region.
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.
Drivers of success: Ecommerce SMEs take delivery in-house
Sep 21, 2021
UK ecommerce businesses are taking delivery into their own hands, according to new research released by Vimcar.
Decathlon chooses PAL Robotics’ StockBot as one of the global retail robot solutions to deploy across multiple stores worldwide
Sep 20, 2021
Decathlon and PAL Robotics have launched a global partnership after PAL Robotics’ StockBot inventory tracking and data collection solution was selected for rollout across Decathlon stores in multiple countries, assisting the team and elevating in-store experience.
UK sees dramatic slump in EU and international purchases
Sep 20, 2021
A new survey has revealed UK online shoppers purchased far less items overseas over the past year due to EU customs and border concerns.
Sunglasses, Bucket hats, Hawaiian shirts and hand sanitiser – Brits' top holiday online searches revealed
Sep 14, 2021
New data reveals Brits’ top online searches as we planned our trips away this summer. Among the most searched for holiday clothing/accessories items were – sunglasses (352,830) bucket hats (352,806), sliders (284,179) and swimsuits (242,142). Moreover, the Hawaiian shirt continued to defy the odds and remains a fashion staple, with 59,122 searches between July and August.
Online retail sales growth subdued in August
Sep 14, 2021
After encouraging signs in July of a possible bounce back to positive growth, online retail sales failed to make up much ground in August – slowing their fall only slightly to -9.3% Year-on-Year (YoY).
Ecommerce platform provider Comgem launch three new solutions for SMEs
Sep 14, 2021
The COVID-19 pandemic has taken a toll on and presented challenges to small businesses around the UK and the entire world. As many small and medium-sized businesses lost a significant number of customers, closed for months on end, and saw a rapid decline in their finances, Comgem is going to be launching 3 new products to offer these businesses cost-effective solutions.
Cross-border demand for luxury purchases driving post-Covid recovery as global D2C demand increases by 50% in 2021
Sep 14, 2021
Luxury goods were the fastest growing cross-border ecommerce category in the first half of 2021, increasing by 50% compared to the end of 2020. With global demand for luxury being driven by shoppers from China, UAE, South Korea and India, increasingly consumers are now happy to forego the ‘white-glove’ in-store experience for online convenience, the latest data from eShopWorld (ESW) reveals.
UK retailers unlock seasonal shopping opportunity with Lift Days from Ankorstore
Sep 07, 2021
Ankorstore, the curated marketplace connecting independent brands with local retailers, has announced the return of its Lift Days this 20-27 September, offering brands and retailers compelling offers for the upcoming holiday season to grow their business.
Mobile shopping persists amid global reopenings with purchases Up 30% January to May 2021, says new report from Liftoff and App Annie
Sep 07, 2021
Liftoff, a global performance-based mobile app marketing optimisation platform, in partnership with the global data and analytics company App Annie and native mobile app platform Poq, has released its annual mobile shopping apps report detailing the rapidly-growing market. The study reveals a historic and prolonged surge in mobile shopping apps use in the wake of the COVID-19 pandemic, as well as Android’s outperformance of iOS in key marketing metrics.
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.
