Materials handling specialist Jungheinrich has acquired a significant stake holding in ISA-Innovative, a leading warehouse management systems software company.
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.
Women in logistics uk announces support for Transaid
Jan 04, 2010
Women in Logistics UK (WIL UK), the organisation set up to promote women in the logistics sector and to enhance their networking and development opportunities, has announced Transaid as its chosen charity.
Quartix Pay As You Go accounts for two-thirds of telematics companys sales in just six months
Dec 16, 2009
Quartix Pay As You Go, launched in April, currently accounts for 67 per cent of the telematics companys overall sales.
Get up to 200 for your TradeIn device
Dec 15, 2009
Unitech introduces a new Trade-IN/Trade-UP campaign designed to ease the purchase of brand new Unitech Mobile Computer.
top-VOX launches Pick By Voice Solution topSpeech-Lydia 6.0
Dec 10, 2009
Those responsible for logistics around the globe, regardless of industry sector, count on efficient pick by voice systems.
Savoye launches e-commerce packaging solution
Dec 10, 2009
Savoye, the automated warehouse solution provider, has launched E-Jivaro a new packaging product aimed at the e-commerce market.
Zetes puts Voice into Argos stores
Dec 10, 2009
Zetes announces it has implemented a voice directed put-away solution within 130 Argos stores, to enhance operational efficiency in the back of store area.
TouchStar prints on the move with Maxatec
Dec 08, 2009
The printer is used to issue payment and invoice receipts in-cab and on-board transport systems
Elgiganten optimises product picking to meet the rapid growth in e-business
Dec 08, 2009
The company is experiencing growth rates of 50% annually in their e-retail business, and in response, the company has implemented a new pick and pack solution from Dematic.
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.
