Retail Logistics and IT
Retail Logistics and IT
IT in Retail Logistics
Areas where Information technology companies help in the development of organized retail sector:
DATA WAREHOUSE ELECTRONIC DATA INTERCHANGE RADIO-FREQUENCY IDENTIFICATION POINT OF SALE CUSTOMER RELATIONSHIP MANAGEMENT ENTERPRISE RESOURCE PLANNING SUPPLY CHAIN AND LOGISTICS
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Logistics is the management of the flow of goods and services between the point of origin and the point of use in order to meet the requirements of customers or corporations. Logistics involves the integration of information, transportation, inventory, warehousing, material handling, and packaging, and often security.
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LOGISTICS CHANNEL
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Oracle Supply Chain Management (SCM) is a comprehensive suite of applications with open and flexible architectures, best-in-class capabilities, complete functional coverage, and both integrated and modular deployment options.
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JDA Software Group, The Supply Chain Company, is a leading global provider of innovative supply chain management, merchandising and pricing excellence solutions.
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RedPrairie provides supply chain execution, store management, logistics, and warehouse management software that companies use to manage their supply chains.
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RFID
Radio-frequency identification (RFID) is a technology that uses radio waves to transfer data from an electronic tag, called RFID tag or label, attached to an object, through a reader for the purpose of identifying and tracking the object. Inventory control is often a costly, time consuming process for retailers. By offering real- time inventory visibility, RFID enables inventory managers to monitor and control inventory supply at all times.
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EDI
Electronic data interchange (EDI) is the structured transmission of data between organizations by electronic means. It is used to transfer electronic documents or business data from one computer system to another computer system, i.e. from one trading partner to another trading partner without human intervention. USES: Electronic trading documents can be delivered far more quickly than their paper counterparts, thus the turnaround time from order to delivery can be reduced. Companies receiving advanced Shipping notes or Acknowledgments know in advance what is actually going to be delivered and are made aware of shortages so alternate supplies can be sourced.
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Future IT projects
After the successful implementation of SAP for its retail chain, Pantaloon plans to go ahead with IT projects such as implementation of WMS with RFID, Customer Intelligence and CRM. Inventory and Promotions Optimisation will be pursued later this year.
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