European software vendor Cegid has now opened a new cloud point of delivery (POD) in Shanghai to help retailers with stores locally to adhere to strict data privacy laws introduced across mainland China.
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.
Cegid to help retailers adhere to local laws after opening retail cloud point of delivery in China
May 24, 2021
Growing the SnapFulfil individual as well as the business
May 19, 2021
WMS technology innovator, SnapFulfil, has announced a trio of key promotions as business continues to grow and flourish.
Plea to retail and hospitality to avoid panic planning, in the face of chaotic demand as lockdown restrictions ease
May 18, 2021
While the easing of lockdown restrictions across England on Monday 12 April received nationwide fanfare, cash-strapped industry leaders in the retail and hospitality sectors could be facing even greater losses, if they fail to adopt new technologies.
How to grow your business using data for everyone
May 18, 2021
The world of retail has always been fiercely competitive but the pandemic has meant it’s harder than ever for companies to succeed. So how can retailers make sure they’re able to prosper in a difficult market? Marcos Monterio, CEO, Veezoo, explains why data that’s easily accessed, is the key.
Resilience, recovery and recruitment: SME optimism will result in millions of new jobs in 2021
May 17, 2021
As major economies reopen across the globe and consumer confidence rises, Sage, provider of cloud business management solutions, has unveiled the true levels of resilience and optimism among SMEs across the UK, US and France. Sage’s recent sentiment survey shows that SMEs – the economic backbone of many countries – have reached a turning point and confidence has largely returned.
Nearly 1 in 4 online shoppers admit using guest accounts over data privacy fears
May 17, 2021
Nearly one in four (22%) shoppers regularly use guest accounts to purchase online goods to avoid handing over personal data, according to a new report from Empathy.co, the global commerce search and discovery platform.
The Digital Divide: Research reveals discord between marketers’ actions and consumers’ behaviours
May 11, 2021
The ever-evolving digital landscape, with its ever-increasing online channels, is posing significant challenges on marketers to understand how best to interact with their customers.
Renovotec launches supply chain rental campaign for latest Epson Colorworks label printers
May 11, 2021
Renovotec, the UK-based rugged hardware, software and services provider for supply chain companies, is launching a rental campaign for the latest Epson Colorworks C6000 and C6500 Series custom label printers, targeting manufacturing and logistics users.
Intelligent promotion in retail – the vital ingredient of consumer experience
May 11, 2021
Consumers are in a stronger position than ever in their relationships with brands and retailers, and their satisfaction and loyalty come with a high price tag. To meet their expectations, retailers need to provide personalised and memorable shopping experiences. Promotions have a key role to play in this.
BRCGS works with online retailer to demonstrate best practice
May 11, 2021
The newly upgraded BRCGS Global Standard for Storage and Distribution will be adopted by HelloFresh, the meal kit company. The new version of the Standard, which was launched in November 2020, has been expanded to include e-commerce operations, will ensure the quality and safety of Hello Fresh products during their storage and distribution throughout the supply chain.
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.
