article thumbnail

Online Procurement System: Guide to Choosing the Right Tool

Precoro

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? Let’s break them down.

article thumbnail

Freight Procurement is a Different Game

Logistics Viewpoints

Procuring transportation for freight is much different than any other procurement category. There are different tools, goals, and market dynamics. Transportation procurement needs to support both customer service and a company’s internal supply chain goals. One master of freight procurement is Kyle Masters.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Artificial Intelligence and the Retail Reset

Enterra Insights

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.

article thumbnail

Navigating the Future of Retail: 5 Trends to Watch in 2025

ToolsGroup

The retail industry continues to evolve at an unprecedented pace, and as we approach 2025, several key trends are defining the future of retail. Driven by advancements in AI, shifts in consumer expectations, and an emphasis on sustainability, retailers are finding new ways to engage customers and build resilience.

article thumbnail

Why Retail Promotions Fail: You Forgot to Set the Right Goals for Retail Discounts

ToolsGroup

In the bustling world of retail, promotions are often the heartbeat of market strategy, vital for drawing in customers, boosting sales and elevating brand presence. Now, in this latest chapter, we turn our attention to a critical yet often overlooked aspect of retail promotions: setting, and targeting, the right goals.

article thumbnail

Paving the Digital Path to Purchase

Enterra Insights

The past couple of years has been a remarkable time for e-commerce as more and more consumers have discovered the digital path to purchase. Across industries and regions, people prioritized essentials and reduced impulse purchases. ” Paving the digital path to purchase (i.e., worldwide in 2020, according to eMarketer.”[1]

article thumbnail

Retail Returns: The Key to Driving Business Growth

ToolsGroup

Retail returns occur when a customer returns the purchased items to a seller in exchange for a refund, store credit, or a similar product. Yet, in today’s omnichannel world, retail returns are key to driving business growth, thanks to their ability to enhance the customer experience, minimize losses, and preserve long-term revenue.

Retail 296