ToolsGroup

AUGUST 1, 2022

Retail returns occur when a customer returns the purchased items to a seller in exchange for a refund, store credit, or a similar product. Returns come with plenty of challenges around logistics, inventory, and predicting volatile sales trends. Retail Returns Statistics Demonstrating the Path to Business Growth.

Retail 296

Retail Optimal Sourcing Purchasing Skills Procurement Solutions 296

The Logistics & Supply Chain Management Society

FEBRUARY 16, 2023

Procurement, activities such as strategic sourcing, are one of the main processes in the supply chains that can generate a positive impact on companies by giving them a competitive advantage in the market. Strategic sourcing can help supply chain leaders identify potential risk factors and develop procurement mitigation plans.

Agile and Lean Supply Chain 130

Agile and Lean Supply Chain Sourcing Strategies Optimal Sourcing Purchasing Skills 130

Unleashed

JANUARY 4, 2024

Where you buy your products from and how you find those suppliers largely determines your ceiling for success as an eCommerce merchant or retailer. Product sourcing, done the right way, can set your business up with the foundations needed for achieving maximum sales. What is product sourcing? Where can you source products from?

Purchasing Skills 52

Purchasing Skills Manufacturing Procurement Optimal Sourcing Sourcing Strategies 52

ShipBob

DECEMBER 28, 2022

Where you get these from, or how you source them, can be a huge decision. Sourcing can seem overwhelming if you’re a brand or retail buyer not entirely sure what you’re doing, but it can significantly impact the quality, cost, and availability of your products. What is strategic sourcing? What is procurement?

Sourcing Strategies 52

Sourcing Strategies Manufacturing Procurement Purchasing Skills Material Savings 52

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

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

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? Why are retail metrics important?

Procurement Analytics 52

Procurement Analytics Metrics Retail Inventory Reduction 52

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

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. Data source: eMarketer.

Supply Chain Planning Software 177

Supply Chain Planning Software Trends Retail Forecasting Software 177

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

Unleashed

JUNE 8, 2023

Behind every successful product business is a thoughtful procurement strategy designed to optimise the supplier management and purchasing process. This guide answers exactly what is procurement, how procurement works in a business , and which tools and strategies lead to supply chain success.

Procurement Solutions 52

Procurement Solutions Sourcing Strategies Vendor Strategies Material Savings 52

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. Changing consumer behavior is hard to gauge.

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

Logistics Viewpoints

JULY 6, 2022

Michael Burry’s tweet stated that the supply glut at retail is a result of the Bullwhip Effect and that there will be deflationary pulses from this. Retailers’ Inventories – Just Keep your Returns? The post Inflation in 2022: Is the Bullwhip Effect to Blame for Retail Inventory Glut appeared first on Logistics Viewpoints.

Inventory Reduction 287

Inventory Reduction Inventory Retail Purchasing Skills 287

Supply Chain Shaman

SEPTEMBER 22, 2021

As Allyson presented her story of working for multiple consumer products companies, with very advanced technologies (demand sensing, advanced automation of forecasting, data lakes and descriptive analytics), she spoke of why at the end of the day, the most important technology that she uses is Excel. Using Analytics In the World of Gray.

Optimal Sourcing 221

Optimal Sourcing Analytics Software Procurement Analytics Supply Chain Planning Software 221

Synovos

APRIL 2, 2024

What is MRO procurement? Understand MRO procurement and your bottom line will benefit. Here we explore why the MRO supply chain is so significant and how better management of the entire MRO purchasing process can drive valuable cost savings and efficiency gains. Why is handling MRO procurement so costly?

Optimal Sourcing 52

Optimal Sourcing Procurement Solutions Manufacturing Procurement Procurement Analytics 52

ShipBob

NOVEMBER 22, 2021

Accurate analytics can be the roadmap to your business’s success. Knowing how your business is currently performing is critical for every ecommerce retailer. That’s why ecommerce analytics are vital if you want your DTC brand to grow. What is ecommerce analytics? Analytics: The secret weapon for top ecommerce brands.

Procurement Analytics 98

Procurement Analytics Analytics Software Analytics Optimal Sourcing 98

ivalua

AUGUST 29, 2019

At the same time, two-thirds (66%) of businesses admitted they were still reliant on such processes as part of their Procurement or supplier management function. At the same time, two-thirds (66%) of businesses admitted they were still reliant on such processes as part of their Procurement or supplier management function.

Manufacturing Procurement 164

Manufacturing Procurement Procurement Analytics Procurement Solutions Purchasing Skills 164

Procurement Academy

JANUARY 25, 2021

The retail staff is the most significant stimulus for the customer’s purchase decisions. It becomes critical to pay close attention to how the retail employees work, and here’s a platform to improve their performance. Retail Academy is the newest venture of Procurement, Supply Chain, and Sales Academy.

Procurement Analytics 98

Procurement Analytics Buyer Training Purchasing Skills Retail 98

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

ThroughPut

DECEMBER 8, 2023

If there’s any piece of technology or analytics that can help with the most advanced data-driven decision-making in the supply chain right now, that’s prescriptive analytics. It is the most promising form of analytics in the market currently. What Is Prescriptive Analytics in Supply Chain? How should the supplier perform?

Prescriptive Analytics Software 52

Prescriptive Analytics Software Optimal Sourcing Modeling Procurement Analytics 52

BlueYonder

DECEMBER 18, 2023

Blue Yonder has been named as a Leader in the IDC MarketScape: Worldwide Order Orchestration and Fulfillment Applications for Retail 2023 Vendor Assessment (doc #US49615623, December 2023). The IDC MarketScape report on Order Orchestration and Fulfillment evaluates 14 software vendors in this area.

Optimal Sourcing 103

Optimal Sourcing Procurement Analytics Supply Chain Planning Software Predictive Analytics Software 103

ivalua

FEBRUARY 8, 2023

Ivalua Blog [ivory-search] Weathering Future Disruptions: 8 Steps to Building Supply Chain Resilience February 8, 2023 | | Manufacturing by Doug Keeley In the face of an unprecedented global crisis, Procurement stepped up to become a crucial driving force for business continuity. Work to achieve 100% supply chain visibility.

Manufacturing Procurement 242

Manufacturing Procurement Supply Chain Planning Software Supply Chain Software Optimal Sourcing 242

Enterra Insights

JUNE 1, 2021

Although every economic sector undergoes constant change, the retail sector has probably seen more changes in a shorter period of time than most other sectors. With all of the changes in the retail environment and the continued shift away from conventional technologies, cognitive computing in retail is becoming increasingly important.”[1]

Supply Chain Design Software 130

Supply Chain Design Software Supply Chain Planning Software Analytics Software Supply Chain Software 130

ToolsGroup

FEBRUARY 9, 2022

While some orders still delight, a few recent purchases have left me faltering when it comes to your customer experience. With retailers (and streamers) alike finding new ways to compete, that $20 increase could have a bigger impact than Amazon executives would like to believe – and open the door for competitors.

Purchasing Skills 296

Purchasing Skills Price Reduction Retail Supply Chain Planning Software 296

BlueYonder

APRIL 4, 2023

We are very excited to announce that Blue Yonder has been recognized as a Strong Performer in The Forrester Wave : Order Management Systems, Q2 2023 Report. As stated in the report, customers today demand real-time availability and delivery information — and earlier in the shopping process than ever before.

Procurement Analytics 86

Procurement Analytics Real-time Visibility Supply Chain Design Software Supply Chain Planning Software 86

Enterra Insights

APRIL 2, 2024

The checkout kiosks bleat and flash when you fail to set a purchase down in the right spot. On the other hand, you (and/or less honest customers) are the retailer’s problem. The Extent of the Problem Some people deliberately fail to scan all the items believing they deserve a tip for being an unpaid employee of the retailer.

Security 246

Security Inventory Reduction Cost Reduction Strategies Procurement Analytics 246

Logistics Viewpoints

FEBRUARY 7, 2024

For example, most people expect free next-day delivery for online purchases as a result of Amazon Prime. And more consumers are looking at sustainability as a key motivator for purchasing. Amazon, for example, has purchased over 100,000 Rivian electric vehicles for deliveries. Supply chain sustainability increases profitability.

Waste Reduction 293

Waste Reduction Supply Chain Design Software Optimal Sourcing Supply Chain Optimization 293

Enterra Insights

OCTOBER 3, 2022

With just over four score days to go before Christmas, retailers, marketers, supply chain professionals, and consumers are all wondering how this holiday season is going to unfold. As a result, some retailers faced a glut of inventory. Nevertheless, many retailers jumpstarted the process this year. They are: • Plan early.

Material Savings 130

Material Savings Inventory Reduction Retail Supply Chain Planning Software 130

Procurement Academy

OCTOBER 19, 2023

A crucial part of successful procurement strategies is the art and science of negotiation. Procurement negotiation refers to a buyer (usually from a company) and a seller (usually from a supplier) working together and discussing the likes of pricing, terms, conditions, and other aspects of a procurement contract.

Negotiating Skills 52

Negotiating Skills Pricing Training Negotiate Pricing Purchasing Training 52

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

ToolsGroup

DECEMBER 14, 2021

For the largest shopping week of the year, this year’s Black Friday provides insights retailers can’t ignore. Cyber Monday revenue – a reliable ecommerce performer year-over-year – showed mixed results pending the source, with an overall promising outlook. And what does it mean for retailers going forward?

Retail 156

Retail Supply Chain Planning Software Supply Chain Design Software Purchasing Skills 156

Logistics Viewpoints

MARCH 4, 2021

Digital commerce efficiently requires the digitalization of many customer-facing operations and sourcing and procurement. Supply chain planning involves interaction with different types of information based on internal and external data sources. This includes internal and external data sources.

Supply Chain Planning Software 277

Supply Chain Planning Software Supply Chain Planning Scenario Planning Modeling 277

Supply Chain Shaman

JANUARY 2, 2023

The Company focused primarily on retail planning and wanted to extend its capabilities into a consumer products manufacturing solutions offering. Their question was, “Why were consumer products companies not using retail data to drive demand processes?” Models Matter. ” Upon hearing these questions, I sighed.

Supply and Demand 376

Supply and Demand Modeling Demand Planning Supply Chain Planning Software 376

Cognira

JULY 31, 2024

A retail merchant’s guide to overcoming promotion management challenges July 31, 2024 Promotions Home Merchants are the architects of promotion management and the driving force behind the scenes, orchestrating the entire lifecycle of their products and bringing promotions to life.

Negotiating Skills 52

Negotiating Skills Negotiate Pricing Purchasing Skills Vendor Strategies 52

Enterra Insights

JULY 30, 2021

As Tom Standage ( @tomstandage ), editor of The Economist ‘s ‘ The World in 2021 ‘, reminds us, the digital path to purchase is increasingly becoming the customer journey of choice. ”[2] Were that survey conducted today, I suspect an even larger number of consumers would report losing confidence in the supply chain.

Purchasing Skills 100

Purchasing Skills Procurement Solutions Procurement Analytics Supply Chain Software 100

BlueYonder

DECEMBER 11, 2023

Inventory control represents a huge challenge for any retailer. Canada’s largest tech retailer got ahead of these problems. In the survey, retail executives said AI could improve inventory and order forecasting most. The case of this tech retailer, The Source , shows why. The company also slashed costs.

Inventory Reduction 80

Inventory Reduction Sourcing Strategies Cost Reduction Strategies Retail 80