bp has signed an agreement with RELEX Solutions, provider of unified supply chain and retail planning solutions, to implement their forecasting and replenishment capabilities in its UK convenience retail business.
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.
5G routers keep the UK’s pop-up shops connected
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On average, 36 shops close their doors across British high streets every week. However, many small business owners still bet on traditional retail, with an 18 per cent rise in pop-up shop openings in the past year. These outlets are often deemed high street saviours, but they come with technology challenges.
Global tablet shipments up 8% sequentially as market revives before holiday season
Nov 06, 2023
According to the latest Canalys data, worldwide tablet shipments reached 33 million in Q3 2023, marking a 7% annual decline. But this represents an 8% sequential increase, reflecting a revival of the tablet market ahead of the crucial holiday season and the strong performance of new entrants in the space.
Speed, accuracy and agility in the age of omnichannel
Oct 30, 2023
Special Technology Report: Warehouse Management Systems (WMS) and Voice-directed Picking.
Contributors include VDC Research, Gartner, Panorama Consulting, Frost & Sullivan, Cap Gemini, Aberdeen Strategy & Research, Manhattan Associates, Dakota Integrated Solutions, Ehrhardt Partner Group, Indigo Software, Renovotec.
Positive jobs growth overshadowed by late payments for UK small businesses
Oct 30, 2023
Despite tentative jobs growth, small businesses experienced slow sales growth and rising late payment times in the three months to September, according to the latest data from global small business platform Xero.
Syndeo unveils AI Experience apps for retail
Oct 25, 2023
Syndeo, the Conversational AI solutions provider, has launched its Experience Apps for Retail, designed to transform the way consumers shop and interact with their favourite brands.
SymphonyAI announces retail copilots with transformational generative AI
Oct 24, 2023
SymphonyAI has announced its suite of software copilots for retailers and CPG manufacturers, bringing powerful generative AI capabilities to its intelligent merchandising, supply chain, and store and space product suite.
US retail platform specialist acquires UK supply chain collaborative software
Oct 24, 2023
Bamboo Rose, the collaborative product development, sourcing, and supply chain platform for global retailers, has acquired UK-based Supply Pilot. Together, Bamboo Rose and Supply Pilot will empower active supplier engagement throughout the entire retail lifecycle, from ideation to delivery.
UK retailers lagging behind US When it comes to consumer experiences
Oct 17, 2023
New research from Kin + Carta, the global digital transformation consultancy, has revealed that UK retailers are falling short when it comes to coherent experiences across their physical and digital footprints, potentially leading to loss of revenue. A stark contrast to retailers in the US.
Addressing fraud in the supply chain: Proposed changes for the FMCSA
Oct 17, 2023
The Transportation Intermediaries Association (TIA), the premier organisation for third-party logistics professionals, drafted the below proposed changes for the FMCSA.
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.
