• August 23, 2018

Retail Industry Leaders Shifting Focus to Digital Supply Chain Extended Quality Assurance

  • By admin

Writing by Yiping Hao, August 22, 2018

As the antiquated supply chain management processes are proving to hurt quality, cause delays in delivery, boost inaccuracies and become obsolete, digitization is starting to become a common theme in the retail industry. Retail supply chain digitization is aggressively revolutionizing how retailers scale their private label business and secure their supply chain which, in turn is showing strong RIO by way of increasing annual earnings. Thus digital supply chain, product lifecycle management (retail PLM) and retail sourcing solutions can make greater improvements in overall retail performance. These retail solutions combine with strong quality assurance automation innovations are allowing retailers to catch mistakes and inaccuracies much earlier in the product development process. Product defects, data inaccuracies and mistakes in private label product development, no doubt, play an important role in bringing products to market ahead of the competition which, demonstrates a greater need for digital transformation.

How Does Digital Strategy Help Quality Assurance

Retail digital quality assurance focuses on product quality, data quality, retail sourcing and supply chain management and helps retailers move from a reactive quality control driven process to a proactive quality assurance process, protecting brand profitability and reputations along the way. The initial purpose of using an extended quality management tool is to automate the flow of information from retailers, suppliers, factories and third party auditors and keep all users up-to-date in real-time. However, it was also discovered that digital quality assurance uncovers flaws in the early stages of the product lifecycle and uncovers potential supplier compliance issues, product defects and data quality issues that might otherwise exist for months without any notice.

Top 5 Ways Digital Quality Assurance is Increasing the Supply Chain with Accuracy and Speed?

The retail quality assurance process works to ensure a high quality of standards are met throughout the end-to-end product lifecycle (retail PLM), effectively preventing harmfulness to consumers and protecting brand reputation.The proactive Extended Digital Quality Assurance process aims to help increase speed-to-market and data accuracy through the following ways:

  • Digital Quality Assurance creates unified workflows throughout the entire supply chain.
  • Prevents vulnerabilities and imperfections in sourcing, supplier management and product development.
  • Helps to streamline supplier and product inspections, structured testing and reporting.
  • Providing accurate information between retailers, suppliers, factories and third parties.
  • Protects consumers, brand reputations and profitability.

Conclusion

In conclusion, automation and digitization is vital to retail quality assurance, sourcing, product development, supplier management and factory compliance. Through innovative supply chain management software technologies, retail private label growth strategies can be achieved by eliminating data inaccuracies and reducing quality issues proactivity vs. reactively. To learn more about today’s extended quality sourcing solutionsproduct lifecycle management (retail PLM) and supply chain management (SCM) tools or for more information about CBX Software please Contact Us and if you like what you read, please follow CBX on LinkedIn.

Writing by Yiping Hao, August 22, 2018

 

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