The third edition of Logistics and Retail Management has been substantially updated to take account of recent developments in retail logistics. Retailers have recognized the need to have more involvement in supply chains and noted that benefits can be achieved in both service levels and cost reduction. This book brings together well-known academics and practitioners, who share their research, ideas and experience of current thinking on supply chain management in retail. Reflecting the changing dimensions of retail supply chains and logistics, the third edition includes new chapters on availability and environmental issues combined with substantially revised chapters on other topics.
After moving back to the United Kingdom I wanted to scrub up on state of the retail and supply chain industries; this book seemed like a good place to start. It is great read that outlines supply chain aspects such as how systems have evolved, processes have improved as well as the challenges that have become apparent in the 21st century; a good example is online! Furthermore it provides a number of detailed case studies such as Tesco and how it moved into online order / grocery delivery.
It is more of a text-book style read with many citations and references to other materials and authors. There is an abundance of statistics however some of them are over 10 years old. In the world of online retailing anything more than 2 -3 years old don't cut the mustard in my opinion. Yet if you're looking for a good overview of the industry, the trends, challenges and changes over the past 50 years then this is for you. You do not need to be a retail expert as all concepts are generally defined and explained.
Three key takeaways from the book: 1. Loved this quote in the book: "Most attention has been focused upon collaborative advantage rather than competitive advantage and co-opetition rather than competition" 2. Zara harnesses its supply chain to deliver catwalk looks into stores within two weeks. Wow! 3. If you're not a brand you're a commodity. Then prices are everything and the low cost producers are the only winner