IBM has closed its acquisition of Sterling Commerce. The company expands IBM's ability to help clients accelerate their interactions with customers, partners and suppliers.
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.
Maple Lake launches new QuickAllocation software for optimum retail allocation practices
Sep 02, 2010
While intuition, experience and data analysis are key drivers for a retail merchandising team to decide what products go to what store at the right time and right price, Maple Lake has announced QuickAllocation, software that adds 'decision precision' allocation practices for retailers worldwide.
Industry leaders come together for the 8th annual Telematics Munich Conference & Exhibition
Sep 02, 2010
Leaders and innovators from the web, digital, automotive and wireless industries will come together for the 8th annual Telematics Munich Conference & Exhibition at the Hilton Park, Munich, Germany 3rd & 4th November, 2010.
Quartix telematics helps Suffolk council optimise refuse-truck routes
Sep 02, 2010
Suffolk's St Edmundsbury Borough Council has created a joint committee with neighbouring Forest Heath District Council to work on route optimisation for its refuse and cleansing trucks.
Vocollect introduces new light industrial Voice solution
Sep 02, 2010
Vocollect, Inc. has launched its new light industrial wearable Voice solution that offers Voice-only, Voice-directed workflow capabilities for use in distribution centres (DCs) and warehouse operations.
Dematic opens new TechCenter for innovation
Sep 02, 2010
Dematic's new cutting-edge Customer and Technology Centre (TechCenter) is now open at its headquarters in Offenbach, Germany for customers to see and try out material flow solutions.
Handheld Group receives ISO certifications
Sep 01, 2010
Handheld Group, the global supplier of rugged mobile computers, has obtained ISO certifications for Quality and Environmental Management.
Nordstrom teams with Sterling Commerce to improve customer order lifecycle
Aug 25, 2010
Sterling Commerce has announced that fashion specialty retailer Nordstrom is leveraging the company's collaborative supply chain solution, Sterling Selling and Fulfilment Suite, as part of ongoing efforts to enhance its customer shopping experience.
The technology solution for efficient global sourcing
Aug 25, 2010
Producers and vendors in all business sectors are increasingly adopting global sourcing models for everything from raw materials to complex final assemblies.
Dematic to showcase its capabilities at IMHX
Aug 25, 2010
Dematic - provider of intelligent solutions for logistics, warehousing and materials handling - will be showcasing the breadth of its capabilities at IMHX, held at the NEC, Birmingham on 16-19 November 2010.
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.
