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 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

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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. Supply Chain Shortages Impacted Consumer Purchases.

Retail 156

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

Unleashed

SEPTEMBER 3, 2023

If you’re buying or selling goods, you need to know what a purchase order is and how it works. Purchase orders enable easy and safe trading between suppliers and their customers – and provide traceability as ordered items pass through the supply chain. In this purchase order guide: What is a purchase order?

Procurement Solutions 52

Procurement Solutions Purchasing Skills Manufacturing Procurement Procurement Analytics 52

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.

Waste Reduction 52

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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

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Enterra Insights

MARCH 27, 2019

Retailers have always been curious about the paths consumers take when they decide something needs to be purchased. When the Internet and World Wide Web introduced consumers to online shopping (aka e-commerce), the path to purchase became much more complex. Today the digital path to purchase is growing in importance.

Procurement Analytics 100

Procurement Analytics Manufacturing Procurement Procurement Solutions Purchasing Skills 100

Enterra Insights

SEPTEMBER 15, 2020

”[1] One business model demonstrating resilience has been e-commerce. Petr Svoboda ( @petrsvob ), CEO of Shopsys, has been urging retailers to focus more sharply on online sales for nearly twenty years. It does mean that retailers need to master omnichannel operations if they want to survive and thrive in the years ahead.

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Unleashed

APRIL 21, 2024

Tracking: Order tracking systems keep the customer updated on the journey of their purchase, ensuring transparency until the order is delivered. Electronic order processing can greatly enhance efficiency and improve customer satisfaction by keeping track of stock availability and order status.

Inventory Management Software 52

Inventory Management Software Analytics Software Supply Chain Design Software Demand Planning Software 52

Enterra Insights

SEPTEMBER 14, 2023

”[1] Journalist Paul Berger reports that supply chain indicators confirm this holiday season’s sales could be mediocre. ”[4] And one of the most important cohorts retailers are relying on, members of Generation Z, are accumulating debt faster than other groups. ”[7] What Does This Mean for Holiday Shopping?

Supply Chain Planning Software 130

Supply Chain Planning Software Procurement Analytics Predictive Analytics Software Journal 130

Logistics Viewpoints

APRIL 7, 2023

According to the annual survey released by the National Retail Federation’s (NRF) and Prosper Insights & Analytics, consumers plan to spend a collective $24 billion on Easter this year, up from $20.8 It’s also taking action against those caught selling them, according to the report. billion in 2020. billion), gifts ($3.8

Logistics Network Optimization Software 187

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Enterra Insights

AUGUST 28, 2020

The retail sector has been especially hard hit by the coronavirus pandemic. The closure of physical stores has forced numerous retailers to file for bankruptcy and accelerated the so-called Retail Apocalypse. The big question is how retail will recover once the pandemic ends. Post-pandemic consumer trends. ”[3].

Retail 100

Retail Procurement Analytics Survey Modeling 100

GlobalTranz

JUNE 4, 2015

In the first post our long tme guest blogger, Chuck Intrieri of The Lean Supply Chai n, gave us 5 core metrics to evaluate supplier performance using supplier quality management and a 4 step process to execute. Review of SQM Metrics and Issues Across 5 Core Industries. #1: Trend Metrics Collected per Site. Medical Devices.

Procurement Analytics 120

Procurement Analytics Metrics Quality Material Savings 120

Logistics Viewpoints

MARCH 9, 2023

Retailers, especially in the developed world, demand collaborative practices, continue to increase the quality of their private label offerings, and are becoming significant competitors. Retailers, especially in the developed world, demand collaborative practices with their CPG partners.

Supply Chain Planning Software 201

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Multichannel Merchant

DECEMBER 31, 2020

As 2020 comes to a close, it’s time to reflect back on a wild and crazy year in retail, to paraphrase the Festrunk brothers from Saturday Night Live. Retail store closure and bankruptcy filings, already a steady beat before the pandemic, accelerated in pace. Over the holidays alone, Amazon said it delivered more than 1.5

Retail 96

Retail Demand Planning Software Inventory Management Software Logistics Network Optimization Software 96

Supply Chain Matters

NOVEMBER 30, 2023

According to the NRF survey report , consumers spent $321.41 on average reported for the 2022 period. According to the NRF survey report , consumers spent $321.41 on average reported for the 2022 period. on gifts, reflecting 70 percent of purchases. million shoppers visiting physical stores. All rights reserved.

Procurement Analytics 52

Procurement Analytics Inventory Reduction Purchasing Skills Cost Reduction Strategies 52

Locus Robotics

JANUARY 2, 2024

Data Analytics and Automation The use of artificial intelligence (AI) or machine learning within warehouses thanks to tools such as robotics could increase to optimize your supply chain and reduce operational costs. Machine Customers to Automate Purchases Machine customers are programs equipped with AI that buy or sell products.

Demand Planning Software 52

Demand Planning Software Logistics Network Optimization Software Supply Chain Software Analytics Software 52

ThroughPut

JUNE 5, 2024

Information Sharing The customer shares relevant data with the vendor, such as sales data, inventory levels, and forecasts, through electronic data interchange (EDI) or other automated systems. Performance Measurement The vendor and customer agree on performance metrics, such as inventory turnover, service levels, and cost savings.

Vendor Strategies 52

Vendor Strategies Inventory Reduction Supply Chain Planning Software Cost Reduction Strategies 52

BlueYonder

MARCH 30, 2023

Have you had a chance to check out the Incisiv 2023 Omni-Channel Experience Index report ? This new research analyzes the latest market trends and consumer preferences to help you understand which capabilities retail leaders offer today. Costs & Payments Retail leaders understand that they need to provide value for money.

Real-time Visibility 83

Real-time Visibility Eliminating Excel in Purchasing Purchasing Skills Procurement Analytics 83

GlobalTranz

MAY 20, 2015

The next posts in the series will break down metrics and issues to consider in SQM by industry and conclude with a case study on the application of SQM. 5 Key Metrics to Use for Scoring Supplier Quality Management (From LNS Research ). Cost of quality. The definition of this metric is similar to the way it sounds.

Procurement Analytics 120

Procurement Analytics Metrics Quality Supply Chain Planning Software 120

Supply Chain Matters

MARCH 6, 2024

retailer Target’s recent reporting of Q4 and Fiscal 2024 financial and operational performance. Specifically, high inflation and economically stressed consumers have been more selective in their household budgeting and in their purchase decisions. However, underlying concerns linger regarding declines in retail sales growth.

Inventory Reduction 52

Inventory Reduction Price Reduction Cost Reduction Strategies Purchasing Skills 52

GlobalTranz

FEBRUARY 25, 2021

Customers expect to return products in the same way they purchased them, so it is not always as simple as just returning to a store. High-cost products include electronics, medications, and specialty equipment. For example, ISO standards mandate the proper disposal of electronics to prevent data theft.

Reverse Logistics 210

Reverse Logistics Logistics Network Optimization Software Material Savings Logistics 210

Logistics Viewpoints

DECEMBER 15, 2023

Same-day delivery is at the top of shoppers’ wish lists this holiday season, as Target’s CEO Brian Cornell said more consumers are waiting until the last minute to make purchases. Target’s omnichannel model now lets consumers shop in-store and via the retailer’s app and website for same-day or two-day delivery.

Logistics Network Optimization Software 283

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QAD

OCTOBER 5, 2021

From integrated multi-currency, multi-GAAP and multi-entity financials to best practice purchasing, from shared services to real-time data and flexible data analytics, Effective Enterprise Management ensures that manufacturers operate from a trusted set of essential enterprise processes that meet today’s and tomorrow’s needs.

Manufacturing Procurement 97

Manufacturing Procurement Optimal Sourcing Supply Chain Planning Software Procurement Analytics 97

Repl Group

MARCH 25, 2019

Retail is still enduring a major transformation as the physical and digital worlds both collide and complement. In thinking about what the next several years may hold, we decided to explore perspectives from both retail shoppers and industry workers, surveying more than 1,000 consumers and 500 staff across the U.S.,

Predictive Analytics Software 74

Predictive Analytics Software Forecasting Software Inventory Management Software Supply Chain Software 74

Enterra Insights

MAY 14, 2021

In the United Kingdom, reports Fiona Briggs, Editor of Retail Times , “Online sales in the retail sector saw five years of growth in just 12 months in 2020 as restriction and lockdowns shifted consumer spending to online, and away from physical stores. The impact of the Covid-19 pandemic on ecommerce is well documented.

Procurement Analytics 100

Procurement Analytics Procurement Solutions Modeling Predictive Analytics Software 100

o9 Solutions

MAY 26, 2021

For retailers a significant shift in channel preferences with the need to support various store formats and omni-channel options. Retailers are being forced to challenge the status quo and step up their supply chain competencies to successfully transform their businesses. Houston – We have a Supply Chain Problem.

Manufacturing Procurement 52

Manufacturing Procurement Optimal Sourcing Modeling Material Savings 52

GlobalTranz

FEBRUARY 13, 2017

From Amazon to hyper-local retailers, 2017 will be a year of intense scrutiny and pressure on logistics providers. According to PLS Logistics , global companies will install procurement managers in China for entire organizations by 2025. They are not susceptible to drowsy driving, and they are not subject to electronic logging mandate.

Resource Reduction 205

Resource Reduction Inventory Reduction Trends Logistics Network Optimization Software 205

The Logistics & Supply Chain Management Society

MARCH 22, 2022

Supply Networks operate based on the trading relationships between producers, manufacturers, consumers, retailers, distributors, and suppliers. It provides real-time status and locations of orders and shipments, predicted future locations, and accurate arrival times. Real-Time Information with IoT and Telematics.

Supply Chain Planning Software 245

Supply Chain Planning Software Prescriptive Analytics Software Real-time Visibility Optimal Sourcing 245

Supply Chain Shaman

FEBRUARY 27, 2020

How do we harness the power of data with new forms of analytics? Today, technology providers are selling analytics. This week, I received this email from a financial institution questioning why business leaders are not harnessing more insights and redesigning processes based on analytics. S&OP Challenges. Reflection.

Analytics Software 246

Analytics Software Supply Chain Planning Software Supply Chain Design Software Optimal Sourcing 246

Logistics Viewpoints

JUNE 3, 2022

Cargo losses escalate as thieves target cars, electronics. The Port of Oakland reported cargo in April dropped 7 percent compared to the same period a year ago due to factory and port shutdowns in China. Robot orders surge again in Q1. Legislation introduced to improve food safety and hold FDA accountable. s CargoNet.

Logistics Network Optimization Software 213

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Logistics Viewpoints

DECEMBER 3, 2021

According to the annual survey by the National Retail Federation (NRF) and Prosper Insights & Analytics, nearly 180 million Americans shopped during the five-day holiday shopping period from Thanksgiving Day through Cyber Monday. Retailers saw an increase in foot traffic, with approximately 104.9 million in 2020.

Kansas City 193

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Unleashed

JANUARY 29, 2024

Here are three examples of SKU rationalisation in practice: A clothing retailer decides to reduce the number of colours, sizes, and styles of its products based on sales data and customer feedback. An electronics manufacturer chooses to discontinue older or less fashionable design models, based on market trends and customer preferences.

Inventory Reduction 52

Inventory Reduction Cost Reduction Strategies Waste Reduction Resource Reduction 52

BlueYonder

NOVEMBER 30, 2023

Increasingly, the end-of-year holiday shopping season has become a double-edged financial sword for Q4 retail revenue performance. On the other hand, the usual daunting cost control challenges are intensified by increasingly complex supply chains that are still recovering from residual post-pandemic factors. in 2023 versus 2022.

Supply Chain Optimization 78

Supply Chain Optimization Cost Reduction Strategies Purchasing Skills Agile and Lean Supply Chain 78

ThroughPut

JUNE 5, 2024

Enhancing Resilience in Operations Intelligent customer segmentation helps uncover relevant purchasing trends across various demographics, allowing businesses to develop stronger, more resilient marketing strategies based on real-time data tailored to specific customer groups.

Inventory Reduction 52

Inventory Reduction Material Savings Resource Reduction Sourcing Strategies 52

Enterra Insights

FEBRUARY 15, 2022

They write, “Retailers are heading into a 2022 filled with challenges. 3] Below are more of the trends experts predict will affect the grocery sector this coming year. 5] The Supermarket News staff predicts, “Online will represent more than 15% of grocery retail sales in 2022, up from around 10% at the end 2021.”.

Trends 130

Trends Predictive Analytics Software Modeling Software Supply Chain Planning Software 130

Cathy Roberson

AUGUST 17, 2021

In 2019, 37% of online shoppers in China made purchases on live streams. A number of retailers turned to live shopping while consumers spent more time at homes because of the pandemic. But, a New York Times article title describes it perfectly - “Livestreaming, Still Niche, Grows as a Tool for Retailers” A tool.

Retail 52

Retail Forecasting Software Supply Chain Network Software Demand Planning Software 52