A Retailers Guide to SCM

During the past few decades, retailers have been facing increasing competitive pressures from a number of sources. In a bid to improve profitability and efficiency, retailers are seeking ways to reduce costs, improve efficiency and enhance customer service through efficient supply chain management. However, to manage the supply chain most effectively, retailers must understand exactly what the supply chain encompasses, its key concepts, and common issues and challenges they may face as they implement a workable strategy.

With prevalent issues such as high inventory levels and low service levels, Canadian retailers are embarking on numerous initiatives to improve their supply chains. These initiatives are wide-ranging. On one end of the spectrum, retailers are still struggling with the basics—manual processes, data inaccuracies, and disparate systems. On the other end, retailers are investigating the use of emerging practices and technologies aimed at delivering substantial improvements in performance.

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