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.
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.
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.
Laying the groundwork for effective delivery and returns management
Apr 10, 2024
By Johan Hellman, VP Product and Carrier, nShift.
For multichannel and ecommerce retailers and their logistics partners, the first months of the year are when crucial groundwork is done to learn the lessons from last year’s peak season. However, although total retail sales were up at the end of 2023, the increase was significantly down on the previous year.
Alimerka enhances supply chain efficiency and sustainability with Cimcorp
Apr 09, 2024
The adoption of automated technologies in the supply chain can help reduce resource wastage and minimize environmental impact. By optimizing storage and distribution processes, packaging waste and transportation times can be reduced, thus contributing to environmental conservation and carbon emissions reduction.
Ocean State Job Lot selects Manhattan Active Transportation Management
Apr 03, 2024
Manhattan Associates Inc. has announced that Ocean State Job Lot (OSJL), the American discount retailer, has recently selected Manhattan Active Transportation Management (TM) to unlock new levels of logistics planning and efficiency.
Blue Yonder announces binding agreement to acquire One Network Enterprises
Apr 03, 2024
Blue Yonder has signed an agreement to acquire One Network Enterprises (One Network) for approximately $839 million, subject to adjustments.
Claroty and Axonius partner to bring enterprise attack surface management to cyber-physical systems
Mar 26, 2024
Claroty and Axonius have entered into a new partnership that combines technologies to bring enterprise attack surface management to all assets across an organisation’s networks, including IT, cloud and the Extended Internet of Things (XIoT) — the vast network of CPS including OT, IoT, BMS, and IoMT.
New Scandit research reveals 40% of retail workers feel tech needs are ignored
Mar 20, 2024
Scandit has released a report, ‘Frontline Retail Revealed: Motivations, Technology Attitudes and Insights’, examining store associates’ perspective on the factors influencing workplace loyalty, retention and technology investment, including the potential impacts of AI.
In 2024, AI will work in concert with humans to boost customer service and efficiency in retail
Mar 20, 2024
As has been the case with other industries, AI’s arrival in the retail sector has ignited fears that the role of human workers might soon become redundant. However, according to Laurence Brenig-Jones, VP of Product Strategy at RELEX Solutions, these fears are unfounded.
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.
