Britain's supply chain has been threatened with disruption like never before over the past decade, with Brexit, the pandemic, product shortages, border closures and the war in Ukraine slowing or stopping the passage of goods to their end customer.
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.
Retail Trends for 2023
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Inflation is set to influence every aspect of retail for the next 12 months and beyond. In the first week of January, shop prices surged to 8%, hitting a record high, according to the latest figures from the BRC-Nielsen Shop Price Index.
EKM joins forces with @DOCS on complete managed print and imaging solutions for corporate enterprises globally
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Social commerce: A potential fool’s gold for retailers?
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Social commerce could well be seen as a £700bn opportunity for retailers, however, there are serious concerns about the ethical validity and potential data security risks of this growing sales channel.
Freedom to select ‘best-for-task’ technology is key to successful warehouse automation
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Businesses looking to transform operational performance in the warehouse should not be limited to choices from a single automation manufacturer.
Shifting geopolitical and economic dynamics put supply chains in the spotlight
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By Craig Summers, Managing Director, Manhattan Associates UK & Ireland.
Global economic uncertainty, climate commitments and digital transformation were three topics that headlined at the World Economic Forum in Davos recently. As global trade continues to slow, the Ukraine conflict and its far-reaching economic, people and political consequences have replaced the pandemic as the primary drag on western, globalised economies.
Honeywell to showcase its retail solutions at EuroShop 2023
Feb 21, 2023
Honeywell, along with tech partners, will take visitors on a first-hand journey through the tech-enabled retail setting at EuroShop, the retail trade fair, 26th February – 3rd March, in Düsseldorf, Germany.
ShipStation adds UPS to its UK carrier services as it continues to expand European footprint
Feb 21, 2023
ShipStation, the cloud-based e-commerce shipping solutions provider, has announced that UPS is live on its carrier services platform in the UK. This new collaboration gives UK merchants using ShipStation access to UPS’s domestic and international shipping services at discounted rates, making it easier to scale their delivery operations, save on shipping costs and grow their revenue.
AR 'Magic Mirror' from Vyking launches for UK retailers
Feb 20, 2023
Virtual try-on startup Vyking.io has launched its new in-store augmented reality (AR) solution, ‘Magic Mirror’, that will enable consumers to easily visualise footwear through an in-store smart mirror.
Manhattan Associates wins Best Fulfilment Advancement Award from Vendors in Partnership
Feb 16, 2023
Manhattan Associates Inc. has been named the winner in the Best Fulfilment Advancement category in the 2023 Vendors in Partnership (VIP) Awards. The award recognises the solution most adept at solving the complex challenges of omnichannel fulfilment.
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.
