As consumer awareness grows around the consequences of their buying choices, the focus has turned towards the ethical conduct of enterprises - with particular attention on small and medium-sized businesses (SMEs).
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.
89% of consumers say it is important to them that a small business has ethical values, survey reveals
Feb 22, 2024
Top retention strategies for warehousing and logistics workers revealed in new survey
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Kahoot!, the global learning and engagement platform company, has released new research insights for how companies can improve employee retention of their frontline workforce in warehousing and logistics.
Integrating AI – The power of people plus technology
Feb 19, 2024
By Cameron Furmidge, Head of Insights, Luzern eCommerce.
Arguably the most difficult task in retailing is achieving customer loyalty. Making the first sale, with special offers, clever marketing and seductive product promises, is one thing. Gaining the trust of the consumer so they will come back to your offerings above others, is a whole different ball game.
Underwhelming in-store device experience tempers consumer excitement for AI in retail
Feb 14, 2024
New research from SOTI has found that while 95% of UK consumers have used in-store tech, only 23% believe in-store devices – such as kiosks, tablets, scanners and mobile computers – enhance their experience.
Oracle helps customers drive efficiency in global supply chains
Feb 13, 2024
To help organizations increase the efficiency of global supply chains, Oracle is introducing new logistics capabilities within Oracle Fusion Cloud Supply Chain & Manufacturing (SCM). The updates to Oracle Transportation Management and Oracle Global Trade Management, part of Oracle Cloud SCM, will help customers optimize logistics operations...
B2B2C
Feb 13, 2024
The predicted convergence between B2B and B2C is set to continue in 2024, which puts even greater pressure on product information management. However, as Kristin Naragon, Chief Strategy and Marketing Officer at Akeneo explains, there are rich benefits for both sellers and buyers.
ACS Postal Services partners with BIXOLON to enhance European courier services with mobile printing solutions
Feb 13, 2024
BIXOLON Europe GmbH, a subsidiary of BIXOLON, the manufacturer of advanced receipt, label and mobile printers, has entered into a partnership with ACS Postal Services (ACS), the Greek courier service provider.
How retailers can navigate the returns dilemma in 2024 and embrace sustainability with advanced route planning
Jan 30, 2024
In fact, up until the last few years, this service has traditionally been enjoyed free of charge for the majority of online shoppers. However, due to an increased desire to reduce the cost impact on a retailer’s revenue, many retailers are now charging for returns. For example, since the pandemic began, several fast fashion retailers have taken up the practice.
Cradlepoint introduces big capabilities in a small form factor with new 5G router for retail pop-up sites and small offices
Jan 17, 2024
Cradlepoint has released the E100 5G Enterprise Router. Specifically designed to support retail and small office applications – including POS, video surveillance, inventory applications, and IOT – the E100 5G combines the performance of 5G with modern security through Cradlepoint NetCloud Exchange.
Manhattan Active Point of Sale unveils the next generation of store associate experience
Jan 17, 2024
Manhattan Associates Inc. has announced significant enhancements to its Manhattan Active Point of Sale (POS) application designed to meet the dynamic needs of modern store associates.
The refreshed store app includes embedded clienteling capabilities to convert sales and enhance service, ultra-fast checkout, and the ability to work offline without requiring an in-store server.
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.
