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SpendEdge Analyzes How the UK Retail Supply Chain Differs From the Rest of Europe | Request a FREE Demo for Comprehensive Insights

January 10, 2020 GMT

LONDON--(BUSINESS WIRE)--Jan 10, 2020--

SpendEdge, a leading provider of procurement market intelligence solutions, has announced the completion of their latest article on how is the UK retail supply chain different from other countries.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20200110005308/en/

While supply chain planning has been an arduous task for retailers in Europe, companies in the UK appear to be ahead of their continental European counterparts. They are much ahead in supply chain planning and have better forecasting processes. For businesses to start scenario planning and address the impact of Brexit, it is crucial to understand how the UK retail supply chain differs from the rest of Europe. A comprehensive understanding of the retail supply chain could help companies to determine solutions best-suited post-Brexit.

At SpendEdge, we understand that preparing in earnest for all possible eventualities is imperative for retailers. Therefore, we have highlighted how the UK retail supply chain differs from the rest of Europe.

Ways the UK Retail Supply Chain Differs from the Rest of Europe

Retail supply chain processes

When it comes to supply chain processes, the UK retail supply chain has more reporting features. It is slightly more responsive in comparison to its counterparts in Europe. However, there are certain inefficiencies in the processes. Retailers in the UK require accurate forecasts of future out-of-stocks to improve retail supply chain management.

Want to gain specific insights into the retail supply chain processes in different countries? Request free platform access to access our smart procurement solutions now and 1000+ procurement reports!

Awareness of space data

Space is considered as a part of the replenishment process in Europe. However, the overall awareness of space data such as minimum display requirements and changes in the amount of space in individual stores is relatively low among European retailers. On the other hand, UK retailers have a slightly higher awareness of space data and they are likely to have processes that integrate external data into their forecasts. To know how you can improve the replenishment and retail supply chain process,get in touch with our experts now!

Forecasting issues in different markets

While most companies find it difficult to address forecasting issues, retailers in the UK face fewer inaccuracies in most forecasting categories. The higher concentration of multiple retailers and domination by the retail supply chain could be a reason for it. This provides retailers the opportunity to aim for economies of scale.

To know in detail how the UK retail supply chain differs from other countries in Europe, 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.

Want to gain detailed insights? https://www.spendedge.com/get-more-info

View source version on businesswire.com:https://www.businesswire.com/news/home/20200110005308/en/

CONTACT: SpendEdge

Anirban Choudhury

Marketing Manager

US: +1 630 984 7340

UK: +44 148 459 9299

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

KEYWORD: UNITED KINGDOM EUROPE

INDUSTRY KEYWORD: SUPPLY CHAIN MANAGEMENT RETAIL

SOURCE: SpendEdge

Copyright Business Wire 2020.

PUB: 01/10/2020 11:29 AM/DISC: 01/10/2020 11:28 AM

http://www.businesswire.com/news/home/20200110005308/en