General Mills selects Terra's Demand Sensing and Transportation Forecasting software to improve forecast accuracy and transportation planning.
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.
LXE Innovates the Warehouse Handheld with Tecton Rugged Mobile Computer
Feb 07, 2011
Fully-rugged device purpose-built to move warehouse inventory faster and smarter through the global supply chain
Belgravium & DLoG join forces for ruggedised full-screen solutions
Feb 03, 2011
DLoG UK, provider of rugged and mobile industrial PCs, has established a partnership with leading mobile computing solution provider Belgravium.
Paragon improves Tracker installation services
Feb 03, 2011
Tracker Network has boosted the performance of its mobile engineering service operations by using Paragon routing and scheduling software.
Automated store-level replenishment.....wins Best-in-Class award
Feb 03, 2011
With the help of Demand Solutions Retail Planning software, greeting card and giftware manufacturer Paper Island Ltd transformed the replenishment of store-level inventories from a traditional and manual process into an award-winning one.
More new exhibitors make Logistics Link South their number one choice for UK launches
Feb 02, 2011
Visitors to February's Logistics Link South show will be the first in the country to view a number of exciting and innovative new products and systems designed to boost logistics performance and productivity.
Voxware adds AirWatch to software product suite
Jan 27, 2011
Voxware, supplier of software for voice-driven warehousing operations, has embedded enterprise-grade Mobile Device Management technology from AirWatch into its software product.
AEB (International) to showcase Supply Chain Solutions at Logistics Link South
Jan 26, 2011
As a returning exhibitor to Logistics Link South, the logistics and warehouse solutions event, AEB (International) will be showcasing its comprehensive supply chain management solutions portfolio at Stand 219.
Imtech introduces integrated express and parcels software
Jan 26, 2011
Imtech Logistics Software has introduced a fully integrated software system called cargoNET to give UK express and parcels carriers seamless visibility across their operation.
Kewill goes live with ICS country connectivity across Europe
Jan 26, 2011
Kewill has successfully gone live with the Import Control System (ICS) and is successfully exchanging real-time data on behalf of its customers with each local Customs authority in both Germany and Austria.
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.
