Halfords, the UK provider of motoring and cycling products and services, has entered the B2B software market with the launch of Avayler: a new business, offering Halfords’ proprietary software to streamline service delivery for companies that operate in multiple locations.
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.
The UK’s top retail sites ranked by accessibility
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New analysis from web hosting providers LCN has identified the most and least accessible UK websites for the visually impaired.
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Trakm8: Telematics overhaul needed to combat driver shortages
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As the UK government continues to hold talks with hauliers over driver shortages which are affecting critical supply chains, Trakm8 is urging logistics firms to redouble efforts to drive up efficiency in existing fleets.
Sustainability as a business imperative in supply chain management increases, according to new report
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The 2021 State of Supply Chain Sustainability Report, explores how supply chain sustainability (SCS) practices are being implemented globally and what that means for professionals, enterprises, industries, and the planet.
Young shoppers splurge on buy now pay later more than ever before
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Following the news that Buy Now Pay Later (BNPL) transactions are set to exceed 1.5 billion transactions by 2026, the personal finance experts at money.co.uk have released their latest Shop Now, Stress Late report to find out if the British public is still shopping now, and worrying about the consequences later.
Retailers will need to work harder to grow their online operations as we unlock, says Productsup
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This morning, the British Retail Consortium (BRC) published its latest Retail Sales Monitor report in partnership with KPMG and revealed that the retail sector recorded its fastest quarterly growth on record in the second quarter of 2021.
The three obstacles that are blocking grocers on their path to merchandising success
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By Mark Croxton, VP Customer Support, Symphony RetailAI.
Most of us are a little tired of the phrase ‘new normal’ but it’s a concept that isn’t going away any time soon. Whether or not life will ever feel or look as it did before the pandemic, it’s clear that adjustment remains the order of the day for businesses.
European e-commerce decision makers struggle to maintain control of their brand on Amazon
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Over half (51%) of ecommerce decision makers find Amazon hard to navigate, while more than two in five agree that gaining control of their brand on Amazon is difficult. These are just some of the key findings of a new European survey conducted by Censuswide on behalf of leading ecommerce platform and services provider Luzern.
Where’s my order? How conversational AI can support supply-chains post-pandemic
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The disruption to logistics networks over the past year has caused chaos across global supply chains. With the pandemic sparking an exponential rise in online shopping, logistics operations have been tested to the max.
Out-of-stocks fall as retail reopens, but unavailable stock still accounts for almost a fifth of UK retailers’ inventory, OneStock’s data warns
Jul 12, 2021
Inventory availability has improved, with out-of-stocks falling by 8% since retail reopened, data from OneStock, the modern and agile Order Management System (OMS) provider for omnichannel retail, reveals.
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.
