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Analyzing Top Challenges Impacting the Retail Supply Chain | Request a Free Proposal from SpendEdge Now!

November 19, 2019 GMT

LONDON--(BUSINESS WIRE)--Nov 19, 2019--

SpendEdge, a leading provider of procurement market intelligence solutions, has announced the completion of their latest article on the top 5 challenges in the retail supply chain.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20191119005743/en/

The retail supply chain is under immense pressure to constantly innovate to serve the changing needs of consumers. Shift in retail formats is forcing retailers to monitor the supply chain and ensure high-quality products. In addition, the massive shift in the working model and the rapid emergence of e-commerce players has complicated the retail supply chain. Country-specific politics, trade and tariff law, international relationships, and quality control have further added to the woes of retailers.

At SpendEdge, we understand that retailers need to optimize their supply chain. But before that, they need to gain detailed insights into the challenges faced by the retail supply chain.

Challenges in the Retail Supply Chain

Tight profit margins

Companies in the retail category constantly strive to deliver a razor-thin profit margin. Majority of the consumers are highly price-sensitive, thereby making it difficult for retailers to increase profit margins. Moreover, the increase in online channels provides customers a tool to compare prices across various retailers. This adds to the woes of the retailers struggling with a meager profit margin.

Addressing profit margins require retailers to identify cost-saving opportunities. Book a free demo to gain specific insights.

Meeting customer expectations

Customers of today are very insistent on getting the best quality goods at the lowest price. They are used to seeking more options while making any purchase. This makes it difficult for the retail supply chain to keep up with the varying customer demand and improve customer satisfaction. Providing such a large variety of goods just-in-time to serve customers also becomes a major challenge for businesses. For detailed insights, get in touch with our analysts here!

Operational inefficiency

The retail supply chain usually lacks visibility across key business departments. The silos of information existing across each business unit make it difficult for companies to achieve operational efficiency. They must opt for the latest ERP systems to keep pace with the operations function rather than relying on traditional spreadsheets.

To know more about challenges in the retail supply chain, read the complete article here!

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About SpendEdge:

SpendEdgeshares your passion for driving sourcing and procurement excellence. We are the preferred procurement market intelligence partner for 120+ Fortune 500 firms and other leading companies across numerous industries. Our strength lies in delivering robust, real-time procurement market intelligence reports and solutions.

Request free proposal to know more, https://www.spendedge.com/request-free-proposal

View source version on businesswire.com:https://www.businesswire.com/news/home/20191119005743/en/

CONTACT: SpendEdge

Anirban Choudhury

Marketing Manager

US: +1 630 984 7340

UK: +44 148 459 9299

https://www.spendedge.com/contact-us

KEYWORD:

INDUSTRY KEYWORD: SUPPLY CHAIN MANAGEMENT RETAIL

SOURCE: SpendEdge

Copyright Business Wire 2019.

PUB: 11/19/2019 10:27 AM/DISC: 11/19/2019 10:27 AM

http://www.businesswire.com/news/home/20191119005743/en