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 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.
In 2024, AI will work in concert with humans to boost customer service and efficiency in retail
Mar 20, 2024
3 supply chain approaches to beat the global permacrisis
Mar 20, 2024
By Craig Summers, Vice President, Northern Europe & MEA, Manhattan Associates.
‘Permacrisis’ has become such a talked about topic over the last four years that it has entered the common vernacular; so much so that in 2022, it was actually voted Collins Dictionary’s word of the year.
Multimodal 2024: Organisers champion net-zero emissions with renewed focus on sustainability
Mar 19, 2024
With global logistics emissions set to increase by 42% by 2050, Multimodal will focus its 2024 event on how net-zero targets can be achieved.The bulk of this year’s conference programme will focus on the topic of sustainability, with keynotes from a stella line-up including Amazon, Pledge, Zeus and the Smart Freight Centre...
How retailers can meet the demand for sustainable supply chains
Mar 19, 2024
By Eric Linxwiler, Senior Vice President of TradeBeyond.
Every month brings new evidence of how dramatically consumers’ growing preferences for sustainability are reshaping their shopping habits. A new study by NIQ found that 69% of global consumers say that sustainability and ESG concerns have become increasingly important to them over the last two years.
TrueCommerce recognised again as a Leader in IDC MarketScape: Worldwide Multi-Enterprise Supply Chain Commerce Network
Mar 14, 2024
TrueCommerce, a global provider of supply chain and trading partner connectivity, integration and omnichannel solutions, was positioned in the Leaders Category of the IDC MarketScape: Worldwide Multi-Enterprise Supply Chain Commerce Network (MESCCN) 2023 Vendor Assessment* report.
RAIN Alliance reports 32% Increase in global RAIN RFID chip shipments as adoption and usage diversifies across multiple industries
Mar 12, 2024
RAIN Alliance has today announced that 44.8bn RAIN RFID tag chips were shipped globally in 2023. This figure represents year-on-year growth of 32%, and reflects increasing demand across a variety of industries for technology solutions that improve transparency, efficiency, traceability and sustainability.
Navigating e-commerce growth: Choosing the tight tech stack beyond ERP
Mar 07, 2024
Selecting the right technologies plays a pivotal role in facilitating connectivity, driving efficiencies, and ensuring seamless operations as businesses scale and become more complex. A key consideration for many large-scale enterprises is the adoption of an Enterprise Resource Planning (ERP) system. However, the question arises: is an ERP solution really the right technology solution for ambitious online retailers?
Twin channel sortation solution for leading Japanese fashion retailer
Mar 06, 2024
United Arrows, one of Japan’s leading fashion retail brands, has seen a significant increase in the efficiency of the order sortation process at its Tokyo distribution hub following the introduction of a mobile robot-based sorting system supplied and installed by LiBiao Robotics.
Ergonomic Solutions: Delivering customer engagement at EuroCIS2024
Feb 29, 2024
Recognizing the need for enabling innovative digital customer experiences, Ergonomic Solutions will showcase a comprehensive lineup of engaging customer facing solutions to drive personal interaction in retail and hospitality environments at EuroCIS 2024 (Hall 9 A40) in Dusseldorf from 27th – 29th February.
Queclink integrates with leading IoT platforms to provide self-managed fleet and video telematics
Feb 28, 2024
Queclink Wireless Solutions has teamed up with a growing number of fleet management and tracking platform providers to deliver self-managed telematics for vehicle operators and technology resellers.
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.
