Logility

AUGUST 4, 2022

No doubt this brings some mirth and merriment in an otherwise bleak stretch for consumers, but it also brings a massive migraine for retailers. About 31% of grocery products consumers looked for were out of stock in the first week of April, according to Datasembly , a research firm that monitors grocery and retail pricing.

Price Reduction 130

Price Reduction Inventory Reduction Analysis Resource Reduction 130

Enterra Insights

APRIL 13, 2023

Correspondent Melissa Repko reports that it might take some time for retailers to figure out how consumers are going to behave over the coming months. And sales of big-ticket items like jewelry and electronics have weakened. ”[2] Nevertheless, she observes, “Retailers are more on edge.”

Retail 130

Retail Price Reduction Supply Chain Planning Software ToolsGroup 130

ToolsGroup

OCTOBER 3, 2023

Grupo Mercury has over 10 years of experience in the market, importing products associated with lighting, electronics, and Smart Home devices. Thanks to a built-in, AI-driven probabilistic forecast , these solutions account for variability and tailor inventory to demand, mitigating risk and uncertainty in demand and supply planning.

ToolsGroup 156

ToolsGroup Inventory Reduction Resource Reduction Supply Chain Planning Software 156

Logistics Viewpoints

JANUARY 18, 2022

Here are the challenges retailers may face in their supply chain operations in 2022 and some tips for overcoming them. As we have seen in 2021, businesses automated and integrated supply chain planning capabilities, including demand-sensing , dynamic safety-stock management , inventory optimization , and external collaboration.

Supply Chain Planning Software 256

Supply Chain Planning Software Supply Chain Planning Scenario Planning Supply Chain Software 256

ToolsGroup

DECEMBER 14, 2021

For the largest shopping week of the year, this year’s Black Friday provides insights retailers can’t ignore. And what does it mean for retailers going forward? We’ll break it down six ways: 6 Black Friday and Cyber Monday Lessons for Retailers, Backed by 28 Statistics. So what’s the lesson for retailers?

Retail 156

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

Kinaxis

MARCH 22, 2017

But the sheer complexity of supply chain networks, and the impact design decisions have on operational performance, makes supply chain inventory management aligning inventory investments with on-time customer delivery and margins a major challenge. Implementing inventory optimization. It’s certainly no walk in the park.

Optimal Sourcing 196

Optimal Sourcing Supply Chain Optimization Network Optimization Inventory Reduction 196

Unleashed

FEBRUARY 14, 2024

Finished goods inventory are products that have been through the manufacturing process and are now ready for sale. This article breaks down how finished goods are calculated and some key inventory management methods for tracking them as they move through your business. What are finished goods inventory?

Inventory Reduction 52

Inventory Reduction Inventory Manufacturing Procurement Inventory Management Software 52

Supply Chain Shaman

JANUARY 25, 2024

Electronic Data Interchange (EDI) does not meet this definition. To make the point, let’s examine the food retail network, as shown in Figure 1, over the last decade. To make the point, let’s examine the food retail network, as shown in Figure 1, over the last decade. I think of EDI like old-fashioned mail.

Supply Chain Network Software 282

Supply Chain Network Software Manufacturing Procurement Inventory Reduction Purchasing Skills 282

Logistics Viewpoints

JANUARY 22, 2024

But electronics; industrial and manufactured; and apparel, footwear, and textiles make up the bulk of products detained. Omnichannel Retailers Leverage Optimization Historically, omnichannel software solutions were not capable of optimization. This meant that retailers were not maximizing their profitability.

Supply Chain Optimization 234

Supply Chain Optimization Modeling Supply Chain Software Optimization Software 234

Unleashed

FEBRUARY 12, 2024

Inventory carrying cost is an essential figure to understand. Without it, you’ll struggle to accurately measure profitability or make informed decisions around inventory management and cash flow. What is inventory carrying cost? Why is inventory carrying cost important?

Inventory Reduction 52

Inventory Reduction Purchasing Skills Cost Reduction Strategies Negotiating Skills 52

SCMDOJO

AUGUST 4, 2023

Are you tired of dealing with excessive inventory levels that eat up your storage space, tie up your capital, and hinder your company’s growth? If so, then it’s time to consider the numerous benefits of reducing inventory. Inventories are designed to match customer(s) demand. The same applies to inventory reduction.

Inventory Reduction 92

Inventory Reduction Material Savings Cost Reduction Strategies Waste Reduction 92

Unleashed

DECEMBER 21, 2023

Without the right inventory management solutions in place, it’s almost impossible to maintain optimal stock levels, minimise costs, and improve overall efficiency – all of which are essential to ongoing business success. In this guide: What are inventory management solutions?

Inventory Reduction 52

Inventory Reduction Inventory Management Software Vendor Strategies Cost Reduction Strategies 52

EMERGE App

DECEMBER 6, 2023

Within the global supply chain, vendor-managed inventory (VMI) is becoming an essential service. That is why most retailers will opt for managed inventory to guarantee an increase in delivery rates. Reasons for VMI as a Retailer First, you won’t go out of stock. In return, this will improve inventory management.

Vendor Strategies 52

Vendor Strategies Inventory Management Software Inventory Reduction Forecasting Software 52

SCMDOJO

DECEMBER 28, 2023

In the era of the Digital Retail Revolution, adaptive supply chain management is imperative amid the surge in online retail and the social commerce boom. The digital retail revolution can help in this area by digitizing all processes of receipt and tracking of goods. This, in turn, leads to increased sales and customer loyalty.

Supply Chain Planning Software 77

Supply Chain Planning Software Supply Chain Software Supply Chain Network Software Demand Planning Software 77

Unleashed

JULY 12, 2023

Inventory is often the largest current asset in a business. Before you develop an effective inventory management strategy you need to understand what inventory is, its various types, and how it works in a business. What is inventory? Inventory is the stock of goods and materials currently owned by a business.

Inventory Reduction 52

Inventory Reduction Examples Inventory Material Savings 52

Talking Logistics

AUGUST 23, 2018

The tariff situation has companies in a quandary as they debate whether to “load up” on inventory now — to ward off the impacts of potentially-higher tariffs on imported goods — or hold off for now and hope that the political environment calms and things get to back to “normal.” Sharpening Their Pencils.

Supply Chain Planning Software 101

Supply Chain Planning Software Inventory Demand Planning Software Supply Chain Software 101

Cognira

FEBRUARY 12, 2024

A 2024 Outlook into the Future of Retail Promotions February 12, 2024 Promotions Home As we step into 2024, the retail landscape is undergoing significant transformations, with technology, data, and customer expectations playing pivotal roles. This year marks a turning point where sustainability takes a prominent role in the C-suite.

Waste Reduction 52

Waste Reduction Inventory Reduction Retail Optimization Software 52

Unleashed

SEPTEMBER 30, 2021

Vendor managed inventory (VMI) – when executed well – can be an efficient and cost-effective system for managing the supply of goods. Learn more: What is Inventory Management? Techniques for 2021 What is vendor managed inventory? How does vendor managed inventory work?

Vendor Strategies 98

Vendor Strategies Inventory Reduction Inventory Inventory Management Software 98

Logility

JULY 5, 2023

Take for example, a leading consumer electronics company utilizing generative AI to predict demand for its products during the holiday season. This leads to optimized inventory levels, reduced stockouts, and enhanced customer satisfaction. This leads to optimized inventory levels, reduced stockouts, and enhanced customer satisfaction.

Supply Chain Planning Software 189

Supply Chain Planning Software Supply Chain Planning Modeling Scenario Planning 189

Supply Chain Matters

NOVEMBER 21, 2022

Last week, Walmart , the largest retailer in the U.S. A one-time $3 billion charge in connection with a court settlement related to opioid-related lawsuits from the retailer’s pharmacies led to a $1.8 business unit inventory levels now amount to $1 billion in excess inventories compared to $1.5 billion overall loss.

Retail 52

Retail Inventory Reduction Price Reduction Demand Planning Software 52

Supply Chain Matters

MAY 23, 2024

Supply Chain Matters provides highlights and added perspectives to retailer Target’s recent report of first quarter financial and operational performance. retailer Target ’s recent report of quarterly financial performance was headlined by falling same store sales and operating profitability. Another Disappointing Quarter U.S.

Report 52

Report Inventory Reduction Price Reduction Supply Chain Planning Software 52

Unleashed

MAY 14, 2023

Although it’s normal for product-based businesses to have some level of inventory shrinkage, it must be kept under control. We’ll discuss everything you need to know about inventory shrinkage, how it pertains to inventory accounting , and 10 effective strategies for preventing or reducing inventory shrinkage.

Inventory Reduction 52

Inventory Reduction Journal Inventory Inventory Management Software 52

ShipBob

NOVEMBER 29, 2023

These physically unaccounted-for units of inventory called ghost inventory, or phantom inventory , are a more common challenge faced by retailers than you think. Often, the items accounted for in the asset register do not reconcile with what is in the inventory. What is ghost inventory?

Purchasing Skills 52

Purchasing Skills Inventory Inventory Management Software Forecasting Software 52

ToolsGroup

MARCH 22, 2016

Principal Analyst James Cooke of Nucleus Research just published his 2016 Inventory Optimization Value Matrix which highlights this year’s key trends, including functionality and usability. He reiterates why his firm sees inventory optimization (IO) solutions as so important.

Optimal Sourcing 120

Optimal Sourcing Modeling Optimization Software Inventory Reduction 120

Logistics Viewpoints

SEPTEMBER 25, 2023

One example from healthcare involves using generative AI integrated with Oracle’s electronic health record (EHR) solution to create a Clinical Digital Assistant that enables providers to use voice commands to produce rough drafts of new patient forms that would be reviewed but would still save significant labor.

Supply Chain Software 219

Supply Chain Software Logistics Network Optimization Software Supply Chain Network Software Vendor Strategies 219

Enterra Insights

OCTOBER 13, 2023

The benefits of this model include cost reductions in storage and inventory. retailers struggled to replace those products, leaving consumers empty-handed and frustrated. For example, PS Subramaniam , a partner at Kearney, writes, “[A]n inventory glut of high-end electronic components is an expensive problem.

Modeling 130

Modeling Modeling Software Supply Chain Design Software Optimization Modeling 130

PINC

APRIL 29, 2020

The global pandemic has thrown manufacturers, distributors, and retailers into a mode that most have never experienced before. live/drop, type of inventory, type of equipment, load status, etc.). The post Practicing Social Distancing while Keeping Inventory Moving during COVID-19 pandemic appeared first on PINC.

Demand Planning Software 147

Demand Planning Software Logistics Network Optimization Software Inventory Reduction Supply Chain Software 147

BlueYonder

MARCH 29, 2022

Some of the fastest growing categories include furniture, building materials and electronics, food and beverage and sporting goods. With bottlenecks at ports and delays across transportation networks, uneven inventory due to factory shutdowns, labor shortages and high customer expectations, how are hardline retailers supposed to thrive?

Optimal Sourcing 63

Optimal Sourcing Retail Real-time Visibility Supply Chain Software 63

ShipBob

NOVEMBER 6, 2023

Table of Contents ** Minutes What is an inventory audit? When it comes to selling goods, ecommerce businesses may audit their inventory — whether it’s for tax purposes annually or to simply verify units on hand. Inventory audits can be done in-house or by a third party and represent one point in time. What is an inventory audit?

Inventory Reduction 52

Inventory Reduction Inventory Inventory Management Software Forecasting Software 52

Logility

SEPTEMBER 19, 2023

Retailers across the world have surplus inventory of nearly every kind of consumer goods – clothing, electronics, housewares. So much so that some big retailers are allowing customers to keep their returns instead of adding to the already excess inventories.

Supply Chain Planning Software 135

Supply Chain Planning Software Modeling Supply Chain Software Supply Chain Planning 135

Enterra Insights

DECEMBER 4, 2019

Traditionally the holiday shopping season has been a make-or-break time for retailers. It’s still important, but Lauren Thomas ( @laurenthomas ) reports, “Coresight Research … says the holiday season is becoming ‘less important’ for retailers, with more shopping taking place online throughout the year.

Procurement Solutions 100

Procurement Solutions Eliminating Excel in Purchasing Purchasing Skills Procurement Analytics 100

C3 Solutions

JULY 28, 2020

This article is part of our Retail Program. Designed specifically to support global leaders by aiding in creating a strategic plan to help them win the retail game. They are connected electronically via sensors that collect data like location, motion, temperature, light levels and so on. Learn more about it now! 15 Min Read.

Internet of things 78

Internet of things Retail Real-time Visibility Optimal Sourcing 78

Logistics Viewpoints

AUGUST 22, 2022

billion in inventory “that if we could just wave a magic wand, we’d make it go away today,” said chief financial officer (CFO) John David Rainey. Walmart estimates that inventory is still 15% above optimal levels. We’ve also cancelled billions of dollars in orders to help align inventory levels with expected demand.”.

Supply Chain Planning Software 192

Supply Chain Planning Software Supply Chain Software Supply Chain Optimization Supply Chain Planning 192

Unleashed

SEPTEMBER 7, 2021

In this guide to barcodes in inventory management: In order to apply barcodes to inventory management, it is important to understand the basics of the barcode system. Hence, some companies will find corded barcode scanners to be all they need, where other companies require wireless scanners to support their online inventory management.

Inventory Management Software 96

Inventory Management Software Inventory Management Inventory Reduction Inventory 96

Logistics Viewpoints

APRIL 10, 2023

Or, alternatively, a company carries too much inventory, storage for excess inventory must be purchased, and cash flows become tight. The finished products are then ready to be shipped to big box retailers like Target, Dick’s Sporting Goods, Walmart. Finally, in the last week the inventory planning team executes the buys.

Security 199

Security Supply Chain Planning Jordan Forecasting 199

Enterra Insights

MAY 13, 2019

Over the past several years, thousands of brick-and-mortar retail stores have closed in what has been called the Retail Apocalypse. “As a result,” Wigglesworth wrote, “many big retailers are shuttering stores across the US.” ” The future of the retail apocalypse. . in the previous four.”[2]

Predictive Analytics Software 100

Predictive Analytics Software Retail Supply Chain Planning Software Inventory Management Software 100

ThroughPut

JANUARY 2, 2024

The Just-In-Time inventory management approach revolutionized manufacturing forever. What is Just-In-Time (JIT) Inventory Management? Its central mission is to curtail inventory expenses and amplify operational efficiency by timing the receipt of goods to coincide with their actual need in the manufacturing cycle.

Inventory Reduction 52

Inventory Reduction Just-in-Time Resource Reduction Expense Reduction 52