Ortec, international specialist in consultancy services and Operations Research, will be sponsoring a lecture by a promising European researcher in the field of Combinatorial Optimisation/Operations Research.
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.
Ortec sponsors the 2011 annual conference of the European Chapter on Combinatorial Optimisation (ECCO)
May 19, 2011
Building relationships to improve the supply chain
May 12, 2011
As nations across the globe continue to recover from the global financial crisis and consumer spending begins to increase, more pressure is being placed on logistics professionals to deliver goods quickly and cost effectively.
CILT Academy presents four free Hot Topic training seminars at Logistics Link Live
May 12, 2011
The CILT (Chartered Institute of Logistics and Transport) is inviting visitors to June's Logistics Link Live show, 8-9 June at the NEC, to join them in a series of free taster seminars covering some of today's most vital logistics issues.
Zetes receives ISO certification for its label production plant and extends offering through new production line
May 12, 2011
Zetes has received the ISO 9001:2008 certification for its label production site. The certification also applies to Zetes' new production line, which offers standard labels with backing material.
ORTEC models transport between floricultural Greenports*
May 12, 2011
The ORTEC Consulting Group is participating in the HubWays research and development project, the goal of which is to coordinate and optimise inter-auction transport flows between floricultural greenport market places in the Netherlands.
'Largest automated warehouse in Europe' shows outstanding performance for McCain
May 12, 2011
Since the spring of 2010 France's largest refrigerated automated warehouse, with a capacity of over 68,000 pallets, has been operational.
Aldo Group implements Oracle retail solution to optimise in-season inventory management
May 04, 2011
Aldo Group Inc. has implemented Oracle Retail Markdown Optimisation version 13.2, upgrading its existing Oracle Retail system and equipping merchandising and planning teams to more closely analyse item performance and set pricing by groups of stores.
Research shows opportunity for logistics service providers to offer RFID as value-add to manufacturers in Asia
May 03, 2011
Logistics providers are in a good position to offer RFID (Radio Frequency Identification) service propositions to their manufacturing customers in China and South East Asia.
Kewill expands ICS connectivity to Spain & Luxembourg
Apr 28, 2011
Kewill has announced it is live with the Import Control System (ICS) in both Spain and Luxembourg and is exchanging real-time data on behalf of its customers with the respective local Customs authorities.
Is cloud computing a data centre in the sky?
Apr 28, 2011
Research by Infosecurity Europe of 1000 commuters aimed to find out if office workers understand 'geek speak' has discovered that many are not as tech or security aware as they could be.
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.
