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Four Ways of Using Cluster Analysis in Retail Management to Improve Sales

Logistics Viewpoints

Price index and price elasticity are useful metrics on their own, and a combination of these can help determine the right price point to maximize revenue and profit. Since there are often differences in store sizes, a metric representing the size can be added as well for a two-dimensional clustering approach. Asena holds B.S.

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10 Greatest Supply Chain Management Books of All Time

Supply Chain Opz

Therefore, the challenge to establish ranking method is to find more economical data source and unbiased metric. In supply chain management area, most industry publications create the ranking based on the input from readers then editorial team makes a final decision which is a bit subjective.

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Making Supply Chain Planning Agile With Modular Planning Technologies

Logistics Viewpoints

The next step was getting a feedback loop from the WMS system back to the planning system to create OTIF (on-time-in-full) metrics on supplier deliveries so the planning system could adjust recommendations based on the real-time receipt information. Step 4 – Closing the Loop and Getting Real-time Visibility. Yosun holds B.S.

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Digital Transformation Journey in Supply Chain Planning

Logistics Viewpoints

Customer Satisfaction scores side by side with the service level and availability metrics. She is one of the contributing authors in the Oxford Handbook of Price Management and has been a guest lecturer in San Francisco State and Columbia University business school on multiple occasions. Yosun holds B.S.

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S&OP: A Tough Nut to Crack

Supply Chain Shaman

Too few companies understand that the supply chain as a complex system with finite and non-linear relationships between the metrics. This month, we will publish our 2015 Handbook on S&OP Technologies in our monthly newsletter. Companies also struggle to get to data. Have we missed anything?

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Top 6 Retail Trends & Supply Chain Planning Challenges in 2023

Logistics Viewpoints

All combined, the sustainability requirements will emphasize the need for end-to-end visibility systems that can track sustainability metrics, analyze data on the scale, and check vendor sustainability credentials all across the supply chain. Cybersecurity Threats The number of cyber attack incidents and data breaches increased by 15.1%

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10 Greatest Purchasing Books Ever Written

Supply Chain Opz

After that, we collect various metrics of each purchasing book as below, - Citation counts: a basic bibliometric method showing how many times a book is cited by other publications. Of course, this metric will not be used in isolation. Raudabaugh, Robert Kromoser, Michael F.