On-time delivery and availability of products are the major tenets that influence an online consumer’s decision- based on these factors; the consumers will decide whether they want to purchase your product or not down the line.
A retail supply chain considers the following aspects:
- Cost of raw materials
involved in manufacturing goods
- Inventory
control
- Quality of products
- Timing
- Types of services
- Consumer services
- Shipping or delivering
products
The
management of the retail supply chain is carried out through four parties,
namely distributors and wholesalers, manufacturers, customers, and
retailers.
What are the different procedures involved in retail supply chain management?
In retail businesses, supply chain management involves several steps.
- Designing: It includes a group
of experts who are responsible for developing the concept of a new product
and creating it.
- Strategic procurement
or sourcing: Businesses will be required to source the raw
material needed to manufacture a product. Here, multiple vendors are
considered to source raw materials. The process aims to avoid any delays
and disruptions.
- Manufacturer: manufacturers are
required to create a product blueprint and get started with the
manufacturing process on a large scale.
- Packaging: next, the finished
product will be transferred to packaging facilities. Here, the products
are boxed, labeled, and packed for final distribution.
- Transportation: Next, the prepared
products are transported directly to a wholesaler or retailer.
- Distributor or
wholesaler: retailers are responsible for storing the
products within a warehousing or storage facility. The goods are stored
until the online consumers decide to place orders online or buy products
in-store.
- Order fulfillment: the distributor and
wholesaler are responsible for shipping or delivering the ordered item to
the end consumer.
Supply chain logistics management deals with transportation, inventory, and warehousing networks. A logistics expert is familiar with the ideal transportation modes, ways to establish and design warehousing facilities, and ways to manage and control assets and inventory.
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