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Top concerns facing retail supply chains

The Global supply chain management system in the retail sector is one of the busiest supply chains in all industries. It requires continuous innovation to serve the changing needs of customers, shifts retail formats, and focus on both price and quality.<br>

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Top concerns facing retail supply chains

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  1. Top concerns facing retail supply chains

  2. The Global Supply Chain Management System in the retail sector is one of the busiest supply chains in all industries. It requires continuous innovation to serve the changing needs of customers, shifts retail formats, and focus on both price and quality. Therefore, retailers must monitor the supply chain to free the products from defects and ensure a low cycle time. Nobody can deny the fact that the retail landscape is experiencing a massive shift in their working model due to the rapid emergence of e-commerce players. The value proposition based on the three fronts of price, quality, and service has difficulty to shop on the store or make it difficult for the real estate agents in buying House in Bangalore.

  3. Tight profit margin The profit margin in the retail industry is lowest across all sectors due to the constant pressure. Top executives working in the retail industry are prioritizing the increase in profit margins for their operations. Additionally, the advent of online shopping has provided a tool to compare prices across various retailers.

  4. Meeting customer expectations The modern-day customer is very influencing on getting the best quality goods at the lowest price possible. The goods availability through multiple channels, customer support, and choice variety has forced the customer to seek more options and variety while during a purchase. The retail global supply chain management system struggles to keep up with varying customer demands to keep their customer satisfied.

  5. Operational inefficiency Achieving operational efficiency in the retail industry is quite a daunting task. The retail supply chain has a shortage of visibility across key business departments with lots of information existing across each business unit. Running the retail supply chain on static spreadsheets fully impacts operational efficiency and may lead to multiple errors.

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