Retail

Retail:
Supply Chain Digital Transformation
with TeamIdea

• 19+ years of transforming business processes of Retail Champions
  
• 40+ successful SCM digital transformation projects
  

• Omnichannel Fulfillment: the rise of e-commerce and the expectation for seamless shopping experiences across multiple channels (online, in-store, mobile) requires precise coordination across and management of multiple fulfillment options.
• High customer expectations for product availability, personalization, and quick delivery put pressure on the supply chain. Retailers must ensure that their supply chain operations support a superior customer experience to win the competition with global e-commerce corporations.
• Managing returns efficiently is a significant challenge, involving additional logistics, restocking, quality checks, and sometimes refurbishing, which can be costly and complex.
• Supplier and Vendor Management: it is crucial to effectively manage relationships with a wide network of suppliers and vendors, ensuring consistent quality, on-time delivery, and fair pricings. Diversifying suppliers to mitigate risks of dependency and disruptions is also important.
• Supply Chain Visibility: Lack of real-time insights into the entire supply chain (inventory levels, production status, transportation movements) to proactively address issues and make informed decisions.
• Optimizing transportation routes, and balancing cost with speed to meet customer expectations for fast and reliable delivery.
• Forecasting customer demand gets harder because of seasonality, changing consumer preferences and fluctuating global political landscape.
• Managing stock across multiple locations and handling perishable goods to balance the inventory and meet the demand while minimizing holding costs.
• Vehicles are not loaded in full and loading takes a long time, high transportation costs.
• DC area is not fully utilized and managed inefficiently.