BluJay Solutions, provider of global supply chain software and services, has launched its sustainability programme with its approval as a member of the Solar Impulse World Alliance.
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.
ReachFive selects Google Cloud for a strategic global partnership
Jun 22, 2021
ReachFive, provider of SaaS-based Customer Identity & Access Management (CIAM) for retail, has selected Google Cloud for a strategic global partnership that further expands ReachFive’s ecosystem and underlines growing demand from retailers to scale their digital transformation with reliable and secure cloud solutions that allow consumers to access personalised offers anytime and from any touchpoint.
inurface brings tech to new Sports Direct flagship store
Jun 21, 2021
Sports Direct’s new concept store on Oxford Street is claimed to represent a new age in bricks and mortar retail. The space has been transformed into an experiential hub for customers with technology never seen before within this setting.
Time to automate ID verification in an online world
Jun 21, 2021
By Barley Laing, the UK Managing Director at Melissa.
Online retail sales are booming thanks to the pandemic and shoppers increasingly recognising the convenience of buying online. This is backed up by figures from the ONS that reveal ecommerce sales grew 46 per cent in 2020, compared with 2019. The fastest growth since 2008.
Supply chains avoid scoring own goal ahead of Euro 2020 thanks to C.H. Robinson’s predictive technologies
Jun 15, 2021
Euro 2020 is here and despite the easing of COVID-19 restrictions with pubs finally allowed to open their doors, many fans are expected to cheer on their nation from the side-lines at home, prompting the first ‘stay-at-home’ tournament in a generation.
Does tech hold the answer to retail staff wellbeing?
Jun 15, 2021
Retail is facing one of the most challenging periods in modern history and following a year of uncertainty, isolation and furlough, staff will be feeling this pressure in a range of ways.
UK consumers willing to take action for greener future
Jun 15, 2021
UK consumers are willing to compromise on online purchases and delivery demands, but only if it creates a more sustainable environment, according to new data.
The rise of the virtual high street: How the pandemic has reshaped our buying habits
Jun 14, 2021
The pandemic has transformed the high street, with smaller retail brands having to quickly innovate, and global household names becoming more agile to meet consumer demands and expectations.
Consumer spending grew 7.6 per cent in May as easing of restrictions saw more Brits shop, socialise and get set for summer
Jun 14, 2021
Consumer spending rose 7.6 per cent in May compared to the same period in 2019 – the highest growth recorded since coronavirus restrictions began – as the further lifting of lockdown restrictions encouraged more Brits to shop and socialise.
Kooomo locks in online success for EverydaySafe
Jun 14, 2021
Gunnebo, a global provider of security products, services and software, has selected global eCommerce platform provider Kooomo to launch its new one-stop B2B e-shop for resellers of its innovative EverydaySafe, a compact safe that discreetly integrates into kitchen units.
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.
