Retail Supply Chain & Logistics Expo is the UK’s leading retail focused supply chain & logistics event with innovative exhibitors with the latest technologies and strategies. Taking place on the 27th & 28th of February, the ExCeL London, will be transformed into an electrifying hub dedicated to the retail and supply chain sector.
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.
Consolidate to accumulate
Dec 12, 2023
Pooling inventory to serve both fashion retail stores and e-commerce channels can create an engine for growth, with increased sales and higher margins. Darcy de Thierry, Managing Director of Ferag UK, explains how.
Consumers optimistic about 2024 financial outlook, as Paysafe research reveals shifts in spending and saving habits
Dec 11, 2023
After a challenging 2023, nearly half (49%) of consumers worldwide are confident that their financial situation will improve in the coming year.
Embracing prosperity in the New Year: Unveiling the benefits of free trade zones
Dec 07, 2023
By Brent Dawkins, Director of Product Marketing, QAD.
As the clock strikes midnight and the world ushers in a New Year, hope and optimism fill the air, bringing with them the promise of a fresh start and new opportunities. In the realm of international trade and economic development, this anticipation is mirrored by the presence of Free Trade Zones (FTZs)....
The "beating heart" of retail: how delivery management platforms help businesses drive ecommerce success
Nov 30, 2023
By Johan Hellman, Vice President, Product & Carrier at nShift.
Delivery management is about much more than ensuring that the right goods reach the right customer on time, though that can be complicated enough. Online shoppers have a low tolerance for mess-ups or glitches: most will leave after just two problems, never to return.
Applause survey finds 73% of UK shoppers plan to change festive spending habits due to inflation and cost of living
Nov 21, 2023
Applause, a provider of testing and digital quality solutions, has announced the 2023 results of its fourth annual global survey on festive shopping trends.
Nearly 75% of consumer product organisations and retailers turn to regional sourcing amidst global disruption
Nov 16, 2023
Consumer products and retail (CPR) companies are diversifying and localising their supply chain networks to deal with last-mile delivery challenges, quick commerce expectations, and to prevent stockouts during the busy holiday season. Nearly 8 out of 10 (79%) CPR organisations today are diversifying their supplier base, with 71% actively investing in regionalising and localising.
New research reveals marketers are prioritising data collaboration
Nov 13, 2023
In a rapidly evolving business landscape, marketers are focusing on cultivating robust customer relationships and driving sustainable growth. A recent report conducted by LiveRamp, in collaboration with research company Censuswide, explored the core business objectives that marketers are pursuing....
Brother UK opens new market opportunity with ECS Global partnership
Nov 09, 2023
Business technology solutions provider Brother UK has partnered with ECS Global to help the business better support its customers across retail, healthcare, transport and logistics. The partnership, which launched in October 2023, will see ECS Global make the full Brother print portfolio available to the company’s existing and prospective customers.
People are being scammed with fake QR codes in a worrying ‘QRishing’ trend
Nov 09, 2023
Tech expert Peter King has raised an alarm on the increasing vulnerability of individuals to ‘QRishing’ - a trend where scammers employ QR codes to defraud unsuspecting victims.
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.
