Executive Briefings

How Retailers Can Ensure Their Supply Chains Deliver on Consumers' Expectations

Retailers and their suppliers are under more pressure than ever before to deliver more goods to more destinations faster.   To stay competitive, "retailers need to know where things are at all times so they can redirect shipments, rebalance inventories and respond to new demands on the fly," says Rich Becks, general manager, Industry Value Chains, E2open, which delivers cloud-based supply chain collaboration solutions.

And if there is a problem with their supply chain, and they can't get products to stores and/or consumers, retailers (and their suppliers) risk losing customers.

So what steps can, and should, retailers take to make sure their supply chain operations are running smoothly? There are a number, but one is to use cloud-based software that can track and manage inventory in real time. "Retailers struggle to balance uncertain consumer behavior and long, complex supply chains," says Kurt Cavano, vice chairman & CSO, GT Nexus, a supply chain technology company.

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And if there is a problem with their supply chain, and they can't get products to stores and/or consumers, retailers (and their suppliers) risk losing customers.

So what steps can, and should, retailers take to make sure their supply chain operations are running smoothly? There are a number, but one is to use cloud-based software that can track and manage inventory in real time. "Retailers struggle to balance uncertain consumer behavior and long, complex supply chains," says Kurt Cavano, vice chairman & CSO, GT Nexus, a supply chain technology company.

Read Full Article