The festive period is the busiest time of the year for retailers and meeting the demands of customers during this time is crucial for business success. Customers don't like being made to wait and delays can lead to them going elsewhere.
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.
Bettavend improves productivity and cuts costs with FleetMatics GPS fleet tracking solution
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In order to keep up with growing customer demand an independent regional vending company turned to FleetMatics, the provider of fleet management solutions for commercial fleet vehicles, to help better manage its fleet.
14th European Supply Chain and Logistics Summit
Feb 22, 2012
The European Supply Chain and Logistics Summit offers you the opportunity to tailor make your learning agenda.
Vernon Land Transport installs Delta warehouse performance system to support 3PL growth
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Bradford, West Yorkshire-headquartered third-party storage and distribution company, Vernon Land Transport Ltd., has purchased the DeltaWMS warehouse performance system to support the company's continued 3PL growth.
Lakeland starts implementation of Maple Lake merchandise planning software to streamline multi-channel business
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Lakeland has started to implement Maple Lake's merchandise planning solution in a bid to ensure high levels of availability for its customers.
New Voxware Voice Management Suite 5.0 extends real-time benefits to logistics operations
Feb 22, 2012
Voxware, the Voice solution provider, announced the release 5.0 the Voxware Voice Management Suite (VMS) at the recently held Modex 2012.
Epicor customers named Manufacturing Leadership 100 (ML100) award winners
Feb 22, 2012
Epicor Software Corporation has congratulated Epicor customers Big Ass Fans, Card-Monroe Corporation, Chirch Global Manufacturing LLC, Drallim Industries and Harbec Inc. on their being named winners of the 2012 Manufacturing Leadership 100 (ML100) Awards.
NoteMachine prosper with ByBox 24/7/365 service
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Electronic box networks are doing to distribution what ATM's did to retail banking. Increased service, reduced cost. And just like ATM's, ByBox operates 7 days a week, 365 days a year.
Reinert Logistic equipped to optimise route planning for Lafarge, with the help of Ortec
Feb 22, 2012
When European logistics service provider, Reinert Logistic GmbH & Co. KG, was tasked with initiating a transport optimisation programme for its client, Lafarge Gypsum (part of the global Lafarge Group), the LSP looked to Ortec to supply and implement the optimal solution.
Citizen provides the link for large international logistics company
Feb 16, 2012
One of the largest and most successful logistics providers in Europe has equipped its entire operation network exclusively with Citizen's printers.
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.
