Headlines regarding post Brexit cross-border trading challenges dented businesses’ confidence in their ability to expand successful ecommerce retail operations outside the home market. But with cross-border trade booming globally, is there a risk that UK retailers are missing out?
Retail Supply Chain Software/Management, Retail Management Software, Retail Warehousing
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. 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.
RFiD Discovery improves inventory management for Brook Taverner with cutting-edge RFID portal solution
May 02, 2024
RFiD Discovery, provider of integrated tracking solutions, has implemented its RFID conveyor portal solution at Brook Taverner, Europe’s supplier of stock supported corporate clothing and a leading menswear brand.
Has the era of shopping for electronics in-store come to an end?
May 01, 2024
As the sale of Curry’s, one of the UK’s leading appliance retailers, unfolds, many retailers are left wondering – are consumers spearheading the decline of traditional white goods and electronic retail outlets in favour of online shopping?
Tech partnership to ‘transform’ retail and logistics
Apr 30, 2024
Tech duo Shipster and Ordorite have announced a strategic partnership they say can ‘transform’ e-commerce and retail logistics for the furniture and soft furnishings sector.
TrueCommerce delivers global e-invoicing and CTC solution for businesses facing compliance challenges
Apr 29, 2024
TrueCommerce, a global provider of supply chain and trading partner connectivity, integration and omnichannel solutions, has announced its global e-invoicing and Continuous Transaction Controls (CTC) solution that enables organisations to keep pace with the constantly changing legal requirements across the globe and support compliant electronic invoicing. TrueCommerce is a global market player supporting both e-invoicing and CTC and provides access to a comprehensive global EDI network as well as B2B eCommerce and ERP integration.
Fashion industry's role in plastic pollution - Insights for Earth Day 2024
Apr 29, 2024
By Shingo Tsukamoto, President of online sizing technology specialist, Makip.
Each year, a startling 60% of the 32 billion garments produced globally are dumped into landfills. This is equivalent to 650 clothing items discarded every second.
Manhattan Associates named a Leader in 2024 Gartner Magic Quadrant for Transportation Management Systems for the sixth consecutive year
Apr 24, 2024
Manhattan Active® Transportation Management (TM) also ranks among the three highest ranked vendors in the Level 3 Complexity, Level 4 Complexity and Level 5 Complexity Use Cases in the accompanying Critical Capabilities report.
As supply chains grow in complexity, enterprises are looking to better orchestrate transportation and distribution processes with a unified supply chain execution solution.
The Retail Technology Show announces the shortlist for its 2024 Innovation Awards
Apr 17, 2024
The Retail Technology Show (RTS), the leading industry event that connects retail’s changemakers and leading tech providers, has announced the shortlist of its 2024 Innovation Awards, which champion progressive, best-in-class technologies and solutions.
Online shoppers are demanding faster and more convenient delivery options
Apr 15, 2024
A new study looking at delivery preferences when ordering online has confirmed that consumers want retailers to provide faster and more convenient delivery options.
Cognizant teams with Shopify and Google Cloud
Apr 10, 2024
Cognizant has entered into a strategic alliance with Shopify and Google Cloud to drive digital transformation and platform modernisation for global retailers and brands.
Retail Supply Chain Management
Retail supply chain management (RSCM) is the process of managing the flow of products from suppliers to retailers to consumers. It includes all the activities involved in getting products to the right place at the right time, in the right quantity, and at the right cost.
RSCM is an essential part of any retail business, as it can have a significant impact on profitability. By optimizing the supply chain, retailers can reduce costs, improve efficiency, and deliver products to customers more quickly. RSCM also includes a number of other activities, such as inventory management, order fulfillment, and customer service.
There are a number of challenges that retailers face in managing their supply chains. These include:
- Volatile demand: Consumer demand can be unpredictable, which can make it difficult to forecast demand and manage inventory levels.
- Globalization: The increasing globalization of the retail industry means that retailers need to manage their supply chains across multiple countries and cultures.
- Technology: The rapid pace of technological change is impacting the retail supply chain, as retailers need to adopt new technologies to stay ahead of the competition.
The five main components of RSCM are:
- Planning: This involves forecasting demand, developing sourcing strategies, and creating production schedules.
- Procurement: This involves sourcing raw materials, components, and finished goods from suppliers.
- Manufacturing: This involves transforming raw materials into finished goods.
- Warehousing: This involves storing finished goods until they are needed.
- Distribution: This involves transporting finished goods to retailers.
