Supply chain visibility company, FourKites, has strengthened its executive team with the appointment of a Chief Strategy Officer and a Vice President of Global Customer Success. FourKites’ leadership position, rapid growth and momentum in the supply chain visibility market continue to make it a destination for top talent in the industry.
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.
CJ Lang & Son Ltd selects RELEX Solutions to provide forecasting and replenishment across its retail and wholesale business
Jan 24, 2023
CJ Lang & Son Ltd, the wholesaler for SPAR in Scotland, and the major Scottish convenience store franchise with over 300 stores across the country, has selected RELEX, provider of unified supply chain and retail planning solutions, to automate and optimise its supply chain processes.
73% of supply chain professionals surveyed predict chaos on cards due to early Chinese New Year and COVID infections in China
Jan 24, 2023
A larger share of freight forwarders and supply chain professionals this year in 2023 are expecting disruptions owing to COVID outbreaks in China and the Chinese New Year factory closures as compared with the last year (2022).
Green Sheep growing up fast with new WMS solution
Jan 18, 2023
Natural and organic baby product retailer, The Green Sheep Group, has reported immediate stock accuracy and productivity improvements since implementing the flexible cloud based SnapFulfil WMS.
Scandit launches SparkScan, enabling frictionless data capture for high-volume scanning workloads
Jan 18, 2023
Scandit, the smart data capture solutions provider, has launched SparkScan, a pre-built smartphone scanning interface designed for high performance barcode scanning.
Fluent Commerce aids oversell problem with intelligent data tool ‘Fluent Big Inventory’
Jan 18, 2023
Global software company Fluent Commerce has announced general availability of its data tool, ‘Fluent Big Inventory".
Retail Supply Chain & Logistics Expo
Jan 12, 2023
We are proud to be in partnership with the Retail Supply Chain & Logistics Expo this year. The UK’s leading retail focused supply chain & logistics eventwill be returning and we couldn’t be more excited for them to open their doors for you yet again! Register for your FREE ticket TODAY.
88% of supply chain leaders surveyed fear ‘inflation and recession will be the biggest factors that will impact businesses in 2023’
Jan 11, 2023
Container xChange, the online container logistics platform, has released the Container LogTech predictions report for 2023, which highlights important global trends that the shipping and supply chain industry will witness in 2023. The report draws attention to some of the most pertinent issues that industry will witness this year thereby helping professionals to prepare better for navigation.
GEP SMART now available in the Microsoft Azure marketplace
Jan 09, 2023
GEP, the provider of supply chain strategy, software, and services to Fortune 500 and Global 2000 enterprises worldwide, has launched GEP SMART, an AI-powered source-to-pay platform, in the Microsoft Azure Marketplace, an online store providing applications and services for use on Azure.
Lessons from 2022: from DIY supply chains to cost-cut conscious consumerism
Jan 09, 2023
By Andrew Busby, Global Industry Retail Lead at Software AG.
Some have heralded 2023 as the year that next-generation technology like AR and VR. But even if the metaverse may start to take hold, the reality is that for most shoppers this level of day-to-day integration is way off. Instead, what customers are looking for is centred around cost, convenience, and conscious sustainability.
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.
