Logistics Viewpoints

JUNE 1, 2023

Retailers know firsthand how quickly the market can change. That’s why staying on top of the latest supply chain planning trends is so important – they can make all the difference when it comes to staying competitive, reducing costs, and meeting your customers’ needs.

Supply Chain Planning Software 217

Supply Chain Planning Software Supply Chain Design Software Supply Chain Planning Supply Chain Software 217

Enterra Insights

AUGUST 27, 2024

From the consumer’s standpoint, the retail sector looks a bit messy right now. McKinsey & Company analysts note, “It now sounds like a cliché, but that doesn’t make it any less true: the retail sector has experienced as much disruption in the past [few] years as it has in the previous 25. Retail therapy, we called it.

Supply Chain Planning Software 130

Supply Chain Planning Software Optimization Software Retail Forecasting Software 130

ToolsGroup

MARCH 3, 2022

Retail is detail. And there is a lot of ‘detail’ for retailers to manage and factor into the business every day. Despite knowing all this, too many retailers ignore the impact of weather and this adds error to plans and demand forecasts. How Weather Influences Retail Demand. It all evens out in the end.

Forecasting 156

Forecasting Forecasting Software Procurement Analytics Retail 156

Logistics Viewpoints

OCTOBER 14, 2024

Solvoyo has a metric they call the user acceptance rate. This metric measures the percentage of time the planners accept replenishment, transportation, or inventory plans as they are without any change in the timing of the delivery or the quantity to be delivered. You don’t act on a forecast; you act on what you purchase.

Supply Chain Planning Software 237

Supply Chain Planning Software Supply Chain Planning Procurement Analytics Scenario Planning 237

ivalua

OCTOBER 8, 2021

Retailers have faced a tough year in the last 12-18 months, and while recovery seems to be in progress, they still have some work to do. During the pandemic, Procurement flexed its muscle, helping to mitigate supply chain disruptions and enable new channels for engaging with customers and fulfilling orders. Decentralize Procurement.

Optimal Sourcing 130

Optimal Sourcing Material Savings Procurement Analytics Procurement Solutions 130

Logistics Bureau

OCTOBER 11, 2024

Procurement has never played such an important role in the increasingly globalised economy. Has procurement fundamentally changed itself in the past 10 years? Strategic Procurement can mean totally different things in different industries and sectors. The time when Procurement was almost a synonym to Purchasing has long gone.

Manufacturing Procurement 77

Manufacturing Procurement Optimal Sourcing Procurement Analytics Procurement Solutions 77

ToolsGroup

SEPTEMBER 30, 2024

Moreover, the proliferation of e-commerce is reshaping how aftermarket products are purchased. Consumers increasingly turn to online platforms to buy replacement parts and accessories due to the convenience of browsing a wide range of products, comparing prices, and making purchases from home.

Manufacturing Procurement 156

Manufacturing Procurement Optimization Software Supply Chain Planning Software ToolsGroup 156

Enterra Insights

MAY 26, 2022

Although retailers still talk about the digital path to purchase as an alternative to the traditional shopping journey, the lines between paths to purchase have blurred. Nevertheless, they are having to adjust to the fact that customers are now more in charge of their purchasing journey. ”[2].

Procurement Solutions 130

Procurement Solutions Procurement Analytics Manufacturing Procurement Predictive Analytics Software 130

ToolsGroup

MAY 23, 2024

As a customer, you might score some great deals, but as a retailer, this signals a missed opportunity and a hit to the bottom line. This is the tale of many retailers who confuse a promo problem with a markdown problem, and it’s costing them more than just profits. Retail promotions, on the other hand, are used in-season.

Price Reduction 156

Price Reduction Inventory Reduction Cost Reduction Strategies Retail 156

ToolsGroup

DECEMBER 16, 2021

With the advent of globalization, the Internet, and more recently, the proliferation of mobile technology into every aspect of our lives, there has been a remarkable shift in the world of retail from a product-centric to customer-centric model. What is Lean Retail? The impact of lean retail on supply chain management.

Agile and Lean Supply Chain 156

Agile and Lean Supply Chain Lean Retail Supply Chain Planning Software 156

ShipBob

FEBRUARY 3, 2023

As a retailer, so much of your time and energy goes into managing your inventory , streamlining your logistics, building partnerships, and curating the customer experience. To find out, you’ll need to track Key performance Indicators, or KPIs, for your retail business. What is a retail KPI?

Procurement Analytics 52

Procurement Analytics Metrics Retail Inventory Reduction 52

ShipBob

APRIL 15, 2024

That means you must see a sufficient return on your inventory investment. In other words, you need to make more money selling your inventory than you spent to acquire, store, and fulfill orders with it. That’s why you need to closely measure metrics such as gross margin return on investment (GMROI).

Inventory Reduction 52

Inventory Reduction Material Savings Price Reduction Cost Reduction Strategies 52

Supply Chain Shaman

FEBRUARY 1, 2024

I see a preponderance of reports and white papers that have lots of pages but say little. Optimization engines to improve functional metric performance resulted in an exploding number of planners. Let’s take a couple of examples: Retail Available to Promise (ATP). A major retailer has 33 instances of Manhattan.

Supply Chain Planning Software 345

Supply Chain Planning Software Optimal Sourcing Manufacturing Procurement Waste Reduction 345

ToolsGroup

MARCH 1, 2018

Many retailers consider competing against Amazon their biggest challenge. While the impact of Amazon is real, it is only a thread in the larger retail competition tapestry. Amazon offers breadth, but brick and mortars offers “now”, and a tactile consumer shopping experience is still a retailer’s greatest asset.

Inventory Reduction 189

Inventory Reduction Retail Inventory Supply Chain Planning Software 189

Unleashed

DECEMBER 15, 2021

Days Sales of Inventory (DSI) is a key measure to help you understand how efficient your inventory management is. Here explain what DSI is, how to use it, and why it’s crucial to track this metric in your business – whether you’re a retailer, manufacturer, wholesaler or distributor.

Procurement Analytics 98

Procurement Analytics Inventory Reduction Metrics Inventory 98

Logistics Viewpoints

DECEMBER 14, 2021

According to OECD, during the pandemic, brick-and-mortar retail services such as food services saw 7.7% drop in sales while non-store retailers (mostly E-Commerce providers) achieved 14.8% Inventory Optimization. Inventory Optimization involves decisions about the inventory level, the location, and the mix of products.

Supply Chain Planning Software 219

Supply Chain Planning Software Forecasting Software Supply Chain Design Software Optimization Software 219

RFgen

NOVEMBER 13, 2024

Picture this: You’re a warehouse manager, and with a few taps on your smartphone, you instantly know the exact location and quantity of every item in your inventory. That’s not science fiction—it’s the power of mobile inventory management. Ready to turn your inventory from a headache into a strategic asset?

Inventory Management Software 64

Inventory Management Software Real-time Visibility Inventory Reduction Inventory Management 64

Precoro

JULY 29, 2024

Procurement operations are no exception. In fact, 43% of GPOs that took part in the 2023 Global Chief Procurement Officer Survey cited overall procurement risk had increased significantly as compared to 20% in the 2021 study. Keep reading to learn: What is an online procurement system?

Procurement Solutions 82

Procurement Solutions Supply Chain Design Software Supply Chain Planning Software Inventory Management Software 82

ThroughPut

JUNE 16, 2024

Retailers often need help with inefficiencies, stockouts, and overstocking due to a lack of real-time data and insights into their inventory processes. This lack of visibility can lead to increased costs, dissatisfied customers, and lost sales opportunities. What are the Challenges of Inventory Delivery Management in Retail?

Supply Chain Planning Software 52

Supply Chain Planning Software Inventory Reduction Optimal Sourcing Supply Chain Software 52

BlueYonder

DECEMBER 8, 2023

There are patterns to speak of but, increasingly, they’re tricky to spot as they pop up and fade, almost in real-time, across a complex array of purchase preferences and channel combinations. Despite all the complexity in predicting the season, there are clear clues for how to tactically leverage inventory placement.

Retail 89

Retail Supply and Demand Inventory Demand Planning Software 89

GlobalTranz

JUNE 14, 2017

There is no easy way to say it; single-channel retail is dead. The answer lies using these omnichannel supply chain metrics to carefully track and improve operations continuously. Inventory Accuracy. This is a simple key performance indicator (KPI), another name for metrics, to track. Vendor Fill Rate. Order Accuracy.

Procurement Analytics 191

Procurement Analytics Omnichannel Metrics Supply Chain Design Software 191

Logility

JANUARY 4, 2022

Planalytics’ weather-driven demand analytics help businesses stay ahead of never-ending sales variability. Logility customers can leverage Planalytics weather-driven demand analytics to factor in the weather’s influence on top line revenue and product/category sales across specific time periods and locations. ATLANTA – Jan.

Supply Chain Planning Software 130

Supply Chain Planning Software Logility Demand Planning Software Analytics Software 130

SCMDOJO

AUGUST 15, 2024

Retail supply chains are complex networks that require seamless coordination among various stakeholders, including suppliers, manufacturers, and logistics providers. By leveraging dedicated email hosting services, retailers can enhance their communication efficiency, ensuring that vital information flows smoothly across the supply chain.

Supply Chain Design Software 98

Supply Chain Design Software Supply Chain Software Analytics Software Forecasting Software 98

ToolsGroup

OCTOBER 3, 2022

Retail workers are at the heart of the economy, making the continued retail labor shortage a top challenge for retailers–one that appears here to stay. Get the real story on today’s retail worker shortage, as we break down: Retail Labor Shortage Statistics. The Need for Corporate Retail Talent.

Optimal Sourcing 156

Optimal Sourcing Retail Purchasing Skills Inventory Reduction 156

ShipBob

JANUARY 15, 2024

If you don’t have enough inventory on hand you risk selling out. Too much, and you’ll be stuck with an inventory glut. An inventory glut occurs when a company has surplus inventory and the stock of products far exceeds its demand. What is inventory glut? Inventory glut affects businesses both large and small.

Inventory Reduction 52

Inventory Reduction Price Reduction Cost Reduction Strategies Waste Reduction 52

ToolsGroup

FEBRUARY 7, 2022

The wonderful world of retail. The Retail Trends Shaping How We Shop in 2022. From a digitally-transformed shopping experience to global supply chain disruptions and a pandemic that refuses to quit, there’s one thing retailers can count on: People are always going to shop. My credit card statement will also attest to this fact).

Supply Chain Planning Software 177

Supply Chain Planning Software Trends Retail Forecasting Software 177

Enterra Insights

DECEMBER 19, 2023

The retail sector continues to endure tectonic shifts as business landscapes and consumer behaviors change. First, there was the so-called “retail apocalypse,” then came the pandemic, which was followed by inventory challenges, inflation, and an economic slowdown. Inventory Management.

Optimal Sourcing 130

Optimal Sourcing Supply Chain Planning Software Supply Chain Software Retail 130

Unleashed

FEBRUARY 29, 2024

Retail software is a range of technological solutions that can help retailers improve customer satisfaction, profitability, efficiency, and productivity by streamlining manual tasks. Retail software automates critical business processes in a way that traditional systems cannot. What is retail software?

Prescriptive Analytics Software 52

Prescriptive Analytics Software Inventory Management Software Analytics Software Supply Chain Planning Software 52

GlobalTranz

NOVEMBER 20, 2018

As e-commerce growth accelerates, shippers are working overtime to manage available inventory. Although e-commerce represents 10 percent of total retail sales, it has had an interesting effect. Ability to create customized reports and use analytics to improve inventory forecast accuracy. GET YOUR COPY HERE.

Inventory Management Software 121

Inventory Management Software Inventory Management Supply Chain Planning Software Inventory 121

Locus

MAY 20, 2024

If there is one industry that continues to scale robustly, it is Retail. A recent survey forecasts that retail sales will soar to $32.76 As retailers prepare to navigate this vast sea of potential sales, understanding the intricate world of logistics becomes imperative to streamline operations and enhance efficiency.

Logistics Network Optimization Software 98

Logistics Network Optimization Software Inventory Reduction Cost Reduction Strategies Retail 98

Enterra Insights

JANUARY 9, 2023

This is the conundrum faced by retailers as they enter the new year. Jocz noted, “Purchases depend on consumers’ having disposable income, feeling confident about their future, trusting in business and the economy, and embracing lifestyles and values that encourage consumption. 2023 Retail Trends. ”[1]. ”[4].

Trends 130

Trends Retail Omnichannel Predictive Analytics Software 130

GlobalTranz

FEBRUARY 25, 2021

How often do you think about your retail reverse logistics strategy? It’s easy to assume retail reverse logistics is solely based on returns. While this is partially true, all retail reverse logistics involve a backward flow of products that return to their origin. The Benefits of a Data-Driven Retail Reverse Logistics Strategy.

Reverse Logistics 253

Reverse Logistics Expense Reduction Inventory Reduction Supply Chain Strategy 253

GlobalTranz

AUGUST 20, 2018

Data analytics can be applied to virtually any supply chain process, and analytics hold great value in managing retail supply chains. Retail supply chains have the added complications of needing to offer both in-store and online customer experiences, and they must continue to try to beat Amazonian prices.

Analytics Software 122

Analytics Software Procurement Analytics Analytics Supply Chain Design Software 122

Unleashed

JUNE 26, 2024

An enterprise resource planning (ERP) inventory system provides an integrated solution for managing inventory, operations, and financial planning. This quick guide dives into the concept of ERP inventory management, outlines the benefits and risks, and provides some best practices for implementing an ERP inventory system.

Inventory Management Software 52

Inventory Management Software Supply Chain Planning Software Supply Chain Design Software Forecasting Software 52

BlueYonder

DECEMBER 11, 2023

Inventory control represents a huge challenge for any retailer. In fact, inaccurate inventory is the single biggest cause of poor customer experience, according to a new survey by Blue Yonder. Canada’s largest tech retailer got ahead of these problems. How did the company overcome its inventory issues? The payoff?

Inventory Reduction 81

Inventory Reduction Sourcing Strategies Cost Reduction Strategies Retail 81

Enterra Insights

JANUARY 6, 2022

In the years leading up to the Covid-19 pandemic, the most discussed topic in the retail sector was the Retail Apocalypse. A combination of the rise of e-commerce, overbuilding of stores, and too much debt-load resulted in thousands of physical retail locations going out of business. and Wayfair Inc.

Optimal Sourcing 173

Optimal Sourcing Retail Optimization Software Analytics Software 173

SCMDOJO

APRIL 26, 2023

Category management is a procurement strategy that involves grouping similar products or services together into categories and managing them as a single unit. This approach can help organizations streamline their procurement processes, negotiate better deals with suppliers, and ultimately save money.

Procurement Solutions 108

Procurement Solutions Manufacturing Procurement Procurement Analytics Optimal Sourcing 108