Enterra Insights

OCTOBER 22, 2021

The bane of e-commerce is the large percentage of purchased items that are returned. As noted in the initial installment of this article, Elise Dopson reports, “Data suggests that 20% of online-bought products are returned, compared to just 9% of items bought in a brick-and-mortar store.”[1] Get Consumers to Keep What They Purchase.

Waste Reduction 130

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Supply Chain Matters

NOVEMBER 2, 2023

After reports last week indicating that Seattle based digital freight start-up services provider Convoy was preparing for a possible sale or winding down of business operations there are indications that freight logistics platform provider Flexport will be the acquirer of Convoy’s underlying technology.

Logistics Network Optimization Software 59

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Supply Chain Shaman

SEPTEMBER 5, 2022

These teams are also more advanced in the use of planning and more advanced analytics concepts. Wall Street Journal Headline on Retailers Using Containers to Store Excess Inventories. In contrast, finance flexes inventory up and down in less mature organizations to manipulate cash flow for either investor reporting or bonus incentives.

Supply Chain Planning Software 243

Supply Chain Planning Software Supply Chain Planning Supply Chain Software Supply Chain Strategy 243

GlobalTranz

OCTOBER 16, 2018

E-commerce is growing faster than ever, and more consumers are leveraging online platforms in making purchasing decisions. In fact, two-thirds of consumer shopping journeys include internet research, reports McKinsey & Company , as well as word-of-mouth recommendations and past experiences.

Logistics Network Optimization Software 161

Logistics Network Optimization Software Inventory Management Software Analytics Software Supply Chain Software 161

Enterra Insights

OCTOBER 26, 2021

In the age of e-commerce, the digital path to purchase has a side trail called “Returns.” ” Journalist Suzanne Kapner reports, “The share of online purchases that are returned averages 30% or higher, depending on the category, three times the rate in physical stores.”[1] ”[4]. to return fraud. ”[7].

Waste Reduction 130

Waste Reduction Reverse Logistics Inventory Reduction Cost Reduction Strategies 130

Logistics Viewpoints

AUGUST 9, 2021

The Amazon supply chain, the recent second quarter report shows, spent over $69 billion on fulfillment and shipping activities. It is claimed that Amazon has made a seller’s ability to generate sales on its site largely contingent on the sellers purchasing its warehousing and shipping services.

Logistics Network Optimization Software 258

Logistics Network Optimization Software Modeling Software Purchasing Skills Policies 258

GlobalTranz

JULY 19, 2016

percent annually, reports Jeffrey B. It stands to reason that compliance requirements , such as the EDI 856 Advanced Shipping Notice, will continue to become more important. According to the following graphic, created by the Ivey Business Journal , prioritizing can be broken down by type: 3.

Warehousing 120

Warehousing Procurement Analytics Cost Reduction Strategies Expense Reduction 120

Enterra Insights

APRIL 4, 2024

She explains, “Depending on which statistics you follow, consumers return something like a fifth of all purchases these days. The Returns Challenge Journalist Liz Young reports, “The National Retail Federation estimates more than $100 billion in merchandise was returned fraudulently in the U.S. That amounted to about 13.7%

Price Reduction 100

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Unleashed

AUGUST 28, 2023

The cost of sales is an inventory accounting metric that measures the accumulated costs in getting finished goods to market. It represents your true cost of creating and selling a product. What is cost of sales? Cost of sales is the accrued total of all the costs of supplying a product.

Purchasing Skills 52

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Supply Chain Matters

AUGUST 23, 2023

This agreement has been characterized by The Wall Street Journal as being the largest collective bargaining agreement involving a private employer in North America. Highlights of the new agreement include full time package van drivers garnering a reported annual compensation of $170,000 in pay and benefits. reported for Q2 ending.

Negotiating Skills 52

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BlueYonder

DECEMBER 9, 2021

If the start of global COVID-19 pandemic accelerated e-commerce growth with millions of consumers purchasing products online, pandemic fatigue is now driving many consumers, at least in the U.S., According to the Wall Street Journal , U.S. According to Adobe Analytics, digital sales from Nov. back to in-person shopping.

Retail 90

Retail Real-time Visibility Purchasing Skills Procurement Analytics 90

Supply Chain Matters

APRIL 30, 2024

Supply Chain Matters draws reader attention to a published report that depicts how branded company Nike made strategic mistakes in its online distribution strategy during the time of Covid , and how the shoe and athletic goods retailer is still recovering. They smack of Nike’s iconic branding message: Just Do it !

Inventory Reduction 52

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Enterra Insights

NOVEMBER 22, 2022

Reporter Erika Edwards ( @erikaedwardsnbc ), and her colleague Dr. Akshay Syal, observe, “Hospitals nationwide are preparing for another winter with Covid — the first one that’s also expected to include high levels of influenza and other respiratory illnesses that have simmered quietly in the background for the past two years.

Omnichannel 130

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Enterra Insights

SEPTEMBER 29, 2020

Journalists Sarah Nassauer ( @SarahNassauer ) and Jennifer Maloney ( @maloneyfiles ) report, “Nearly six months into the coronavirus pandemic in the U.S., billion this year, according to a June report from market research firm eMarketer. of total sales of over $45 billion, according to the company’s July 30 earnings report.”

Company 100

Company Manufacturing Procurement Omnichannel Procurement Analytics 100

Unleashed

JUNE 1, 2023

Benefits of a perpetual inventory system Perpetual inventory systems, along with supporting barcodes and scanners , enable you to quickly input inventory information as purchases are made and inventory is sold. Lower inventory costs. A perpetual inventory system updates inventory levels using purchase and sales data.

Inventory Management Software 52

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Supply Chain Matters

JUNE 10, 2022

Industry and business media had noted that retailers were actively accelerating inventory purchases from global based suppliers to avoid being in the position of having not enough inventory to meet holiday focused demand. In essence, it is moving beyond traditional or “ gut feel ” thinking and into analytics and data-driven decision-making.

Supply Chain Planning Software 52

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Enterra Insights

SEPTEMBER 28, 2020

… With an ever-complex consumer purchasing path, it can be difficult for a brand to know where exactly to adjust their efforts. Data and advanced analytics. Data analytics and cognitive risk sensing are becoming increasingly important tools for organizations.” ”[2]. CPG industry and cognitive technologies.

Data 100

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Supply Chain Matters

MAY 3, 2022

The report authors noted that this index, when calculated without the impact of China would have posted a 53.2 The report specifically indicated: “ Average purchase prices rose to one of the greatest extents during the past 11 years, leading to the joint-steepest increase in output charges since the series began in October 2009.”. .

Manufacturing Procurement 52

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GlobalTranz

SEPTEMBER 19, 2017

Penny Co, reports William B. Cassidy of the Journal of Commerce. . Yet, more bulky items are moving from traditional retail to consumer direct shipping models, and consumers want speed and visibility in every stage. . Modern Shipping TMS Must Handle Last Mile Delivery Too.

Logistics Network Optimization Software 250

Logistics Network Optimization Software Cost Reduction Strategies Transportation Purchasing Skills 250

Talking Logistics

MAY 13, 2015

That’s the question I always ask when I share these types of stories with audiences, and an article in the Wall Street Journal this week about Columbia Sportswear sheds some light on the answer. How did this vast improvement in a key supply chain metric translate into financial performance? billion in worldwide revenue.

Supply Chain Software 100

Supply Chain Software Procurement Analytics Analytics Software Supply Chain 100

GlobalTranz

DECEMBER 19, 2017

The capacity crunch is starting to take hold of the shipping industry. For instance, shippers using lanes in Hurricane-affected regions may want to consider outsourcing shipping to a non-affected carrier that has more availability than local carriers. Expand Your Carrier Options. Optimize Routes, and Consolidate Freight Where Possible.

Capacity 186

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Enterra Insights

APRIL 22, 2019

Reporting on this development, Jennifer Smith ( @jensmithWSJ ) and Sarah Nassauer ( @SarahNassauer ) write, “Looking to cut inventory while meeting e-commerce demands, the retailer wants more of the goods it orders delivered on time and in full. ” Purchasing – “The KPI most used in Purchasing Departments is Stock Turn.

Procurement Analytics 113

Procurement Analytics Manufacturing Procurement KPI Purchasing Skills 113

Supply Chain Matters

AUGUST 22, 2022

Last week’s quarterly financial performance reporting among major U.S. The retailer had reported a big earnings miss as higher inventories and supply chain related costs dragged down expected profitability. This week’s report of Target’s financial performance reflected that action, but operating margins actually declined to 1.2

Inventory Management Software 52

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Enterra Insights

SEPTEMBER 14, 2022

. … The most important one is that there is a need to not only look at the demand side but to also look at the supply chain when one wants to improve the customer experience, especially when the customer intention is a purchase.”[2] Tomkins concludes, “The supply chain must do more than stock and ship products. ”[3].

Gartner 130

Gartner Supply Chain Planning Software Supply Chain Design Software Agile and Lean Supply Chain 130

Talking Logistics

FEBRUARY 9, 2018

Manhattan Associates Reports Fourth Quarter and Full Year 2017 Performance. Shipping with Amazon. This morning in the Wall Street Journal , Laura Stevens reports that “Amazon is preparing to launch a delivery service for businesses, positioning it to directly compete with United Parcel Service Inc. and FedEx Corp.”

Logistics Network Optimization Software 104

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Enterra Insights

JUNE 25, 2021

”[2] Both Brown and Miller base their predictions on the U.S. Census Bureau’s March retail trade report, which predicted a booming holiday season. And as retailers struggle to catch up, imports could be capped in the months ahead by a trans-Pacific shipping network that has reached its limit. ” 5.

Supply Chain Planning Software 130

Supply Chain Planning Software Supply Chain Planning Supply Chain Software Supply Chain Strategy 130

ToolsGroup

DECEMBER 20, 2021

Every major publication and news outlet is reporting on the supply chain crisis. Most of the reporting has been pretty shallow, leaving all to wonder how it can be solved. . Higher container costs , resulting in container-by-container decisions on what to ship. Image source: American Journal of Transportation.

Supply Chain Disruption 194

Supply Chain Disruption Supply Chain Planning Software Supply Chain Design Software Supply Chain Software 194

Unleashed

MAY 18, 2023

Consignment inventory is stock that is stored with the purchasing company (the consignee) rather than the selling company (the consignor). We’ve put this guide together to shed some light on how to account for consignment inventory, including the most important journal entries you need to know. What is consignment inventory?

Journal 52

Journal Inventory Procurement Analytics Purchasing Skills 52

NC State SCRC

FEBRUARY 20, 2023

Over the decades, EDI standards emerged that cover a variety of supply chain artifacts and activities , from Purchase Orders & Acknowledgements (EDI 850 & 855) to Invoices (EDI 810) to Shipping Manifests (EDI 856). Regardless, a solution already exists that most data analysts around the world are skilled in: SQL.

Analytics Software 52

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Enterra Insights

AUGUST 16, 2022

Real estate journalist Will Parker ( @_willparker_ ) reports, “The last mile in the e-commerce delivery process looks like a windfall for real-estate owners. He writes, “[To help last mile operations, innovators have developed] concepts such as dark stores, gray stores, or drop shipping to make the delivery process more dynamic.

Innovation 130

Innovation Supply Chain Planning Software Waste Reduction Supply and Demand 130

Enterra Insights

AUGUST 16, 2022

Real estate journalist Will Parker ( @_willparker_ ) reports, “The last mile in the e-commerce delivery process looks like a windfall for real-estate owners. He writes, “[To help last mile operations, innovators have developed] concepts such as dark stores, gray stores, or drop shipping to make the delivery process more dynamic.

Innovation 130

Innovation Supply Chain Planning Software Waste Reduction Supply and Demand 130

Resilinc

SEPTEMBER 7, 2021

and the capacity of sparsely vaccinated manufacturing countries to meet it,” reported the Wall Street Journal on August 25. In early August, Chinese authorities shut down a shipping terminal at the port of Ningbo, cutting capacity by about 25% at the world’s third busiest port after a single dockworker contracted COVID.

Supply Chain Strategy 69

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SCMDOJO

MARCH 25, 2022

Also, traditional logistics focuses its attention on activities such as procurement , distribution, maintenance, and inventory management. Founded in 1963, NCPDM represents the outbound side of logistics and the National Association for Purchasing Management (NAPM) represents the inbound side. Neil Southern, 2011).

Supply Chain Planning Software 138

Supply Chain Planning Software Logistics Network Optimization Software Supply Chain Software Agile and Lean Supply Chain 138

Talking Logistics

FEBRUARY 27, 2015

Moving on to this week’s supply chain and logistics news… Target Lowers Free Shipping Minimum to $25 for Online Orders. A global incident report will be compiled into a weekly supply chain risk intelligence bulletin, “360º INSIGHTS”, which is available free of charge to subscribers.

Logistics Network Optimization Software 100

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Unleashed

SEPTEMBER 28, 2023

This can prevent the risk of dead stock by improving the accuracy of purchase orders to consumer demand. With inventory software systems you can be better informed to avoid purchasing too much stock or investing in slow-moving products that lead to dead stock. Bundle items that are only available when purchased exclusively in a bundle.

Material Savings 52

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GlobalTranz

JANUARY 26, 2017

However, their use felt some restraint, and most companies used them to track large-scale shipments, such as cargo containers, reports Claire Swedbery of the RFID Journal. AIDC communications reduced workload , making tracking items and using analytics easier than ever. of the WIOMAX SmartIoT Blog. What Does It Mean For 2017?

Logistics Network Optimization Software 120

Logistics Network Optimization Software Omnichannel Supply Chain Software Procurement Solutions 120

Enterra Insights

NOVEMBER 13, 2020

.”[2] As a result of this upward retail trend, CPG “predicts a strong 5.8% ” Not all predictions are so rosy. Ben Unglesbee ( @Ben_Unglesbee ) reports that Deloitte analysts aren’t quite so sanguine about holiday sales. year-over-year increase in retail sales for the November-December holiday season.”

Predictive Analytics Software 100

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