ToolsGroup

APRIL 14, 2023

Retail Technology Show is the event that brings together Europe’s most forward-thinking retailers and leading tech innovators, where retailers can fast-forward their digital transformation strategies and empower their businesses to thrive, survive, and disrupt, powered by technological advancements and innovation.

ToolsGroup 120

ToolsGroup Supply Chain Planning Software Supply Chain Software Forecasting Software 120

Logility

APRIL 6, 2020

gives you the ability to find opportunities in your supply chain at all levels, to support the advanced decision-making needed to optimize cash flow. The retail industry, like many others, has been upended by Covid-19. With proper attention to key focus areas, together, we can weather this storm. March: 8% and $40M becomes $20M.

Retail 208

Retail Expense Reduction Inventory Reduction Supply Chain Planning Software 208

BlueYonder

AUGUST 29, 2023

Most retailers are aware of this need but struggle to determine the value of an implemented Order Management System (OMS). Most retailers are aware of this need but struggle to determine the value of an implemented Order Management System (OMS).

Optimal Sourcing 83

Optimal Sourcing Optimization Software Supply Chain Optimization Price Mitigation Strategies 83

Locus

JANUARY 10, 2024

Eliminating the Need for Markdowns: By maintaining the right stock levels at the right times, we can avoid bothersome markdowns. Eliminating the Need for Markdowns: By maintaining the right stock levels at the right times, we can avoid bothersome markdowns. But why is it so important, one might ask?

Inventory Reduction 52

Inventory Reduction Cost Reduction Strategies Resource Reduction Waste Reduction 52

ToolsGroup

APRIL 12, 2019

alone, Amazon introduced 208 million new products in 2018 — most of which are slow movers, or ‘long-tail’ items. So what’s the secret of making supply chain uncertainty work for you? Using this approach, you still get one number that’s associated with the most probable outcome. In the U.S. First, take a different approach.

Supply Chain Planning Software 227

Supply Chain Planning Software Supply Chain Design Software Optimal Sourcing Modeling 227

BlueYonder

JANUARY 2, 2020

Predicting demand, and creating markdown strategies, for items with short life cycles — such as winter apparel — have traditionally depended on historic sales data and regression analysis. Start making the most of your markdowns today.

Video 52

Video Forecasting Apparel Price Reduction 52

ToolsGroup

MARCH 7, 2023

Improving Margins and Supply Chain Efficiency We heard loud and clear from many attendees that they are most concerned with discovering new ways to widen their profit margins while increasing their efficiency. It also reduces those profit-eroding markdowns that result from poorly-positioned stock.

Inventory Reduction 156

Inventory Reduction Waste Reduction Real-time Visibility Supply Chain Planning Software 156

ThroughPut

MARCH 29, 2023

Infact, a study shows that out-of-stocks account for $634 billion for lost sales globally, while overstocks create $472 billion in lost revenues due to markdowns. Accurate demand forecasting is the kernel of stable food supply for every supermarket retailer.

Forecasting 52

Forecasting Supply and Demand Forecasting Software Demand Planning Software 52

ToolsGroup

DECEMBER 16, 2021

At the end of the day, even the most entertaining, personal shopping experience will fall short for both the shopper and the retailer if customers don’t leave the store with the item they want. Having too much inventory (or the wrong products) can impact your cash flow and the markdowns needed to reduce the inventory will lower your margins.

Supply Chain Planning Software 156

Supply Chain Planning Software Retail Supply Chain Planning Scenario Planning 156

Logistics Viewpoints

JUNE 30, 2022

Longer lead times make fashion items not so fashionable. We’ve only just entered the second half of the year and people haven’t even taken their summer vacations yet, so why are we talking about holiday supply chains now? Last year, retailers started encouraging holiday shoppers to shop early. Not really. in October 2021. in October 2021.

Supply Chain Planning Software 216

Supply Chain Planning Software Supply Chain Design Software Modeling Supply Chain Software 216

Logistics Viewpoints

JUNE 1, 2023

That’s why staying on top of the latest supply chain planning trends is so important – they can make all the difference when it comes to staying competitive, reducing costs, and meeting your customers’ needs. Retailers know firsthand how quickly the market can change.

Supply Chain Planning Software 193

Supply Chain Planning Software Supply Chain Design Software Supply Chain Planning Supply Chain Software 193

BlueYonder

JANUARY 2, 2020

Predicting demand, and creating markdown strategies, for items with short life cycles — such as winter apparel — have traditionally depended on historic sales data and regression analysis. Start making the most of your markdowns today.

Video 51

Video Forecasting Apparel Price Reduction 51

Logility

JANUARY 22, 2019

According to the most recent BRP Merchandise Planning Survey , 42 percent of companies still plan separately within each channel. To reduce stock-outs and markdowns apparel manufacturers and retailers must improve their in-season performance. It is quite common to create a long-range forecast that can stretch out 12 to 36 months.

Supply Chain Design Software 113

Supply Chain Design Software Apparel Supply Chain Design Supply Chain Planning Software 113

Talking Logistics

JANUARY 24, 2017

Many did it to make use of excess inventory. In a recent report from RSR1, 60% of leading merchants agreed that “the way consumers use different channels to make purchase decisions is unpredictable, but important to understand.” Some did it to speed up fulfillment. Read more at Manhattan Associates blog.

Shipping 100

Shipping Inventory Reduction Procurement Analytics Retail 100

BlueYonder

JULY 14, 2022

This year, Walmart found that most of its merchandise is already on sale as they attempt to right-size the excess inventory levels. Many retailers are beginning to leverage store fulfillment as a distribution node to help move through excess inventory and avoid deeper markdowns. With inflation at a 41-year high of 8.6%

Trends 52

Trends Purchasing Skills Inventory Reduction Price Reduction 52

Logility

JUNE 7, 2023

Top 3 Demand Forecasting Mistakes —How To Avoid Them with Demand planning software Demand forecasting is a critical facet of successful business operations, acting as the helm guiding companies through the rocks hiding beneath the water of market demands. What is Demand Forecasting?

Supply and Demand 130

Supply and Demand Demand Planning Software Forecasting Software Forecasting 130

Logility

AUGUST 4, 2022

is requiring more markdown dollars,” said Walmart CEO Doug McMillon in a recent statement. is requiring more markdown dollars,” said Walmart CEO Doug McMillon in a recent statement. Your ship’s come in! That’s a good thing, right? Not that all shelves are overflowing, mind you. Unexpected Outcomes.

Price Reduction 130

Price Reduction Inventory Reduction Analysis Resource Reduction 130

BlueYonder

JANUARY 2, 2020

Predicting demand, and creating markdown strategies, for items with short life cycles — such as winter apparel — have traditionally depended on historic sales data and regression analysis. Start making the most of your markdowns today.

Video 40

Video Forecasting Apparel Price Reduction 40

crisp

FEBRUARY 5, 2024

Faced with the critical decision of whether to build an in-house system or adopt an existing solution, Ritual’s analytics team chose Crisp for its seamless integration with their existing Snowflake data warehouse, ensuring a smooth flow of daily data while saving costs and making the most of its team’s skills.

Cost Reduction Strategies 52

Cost Reduction Strategies Optimal Sourcing Sourcing Strategies Data 52

BlueYonder

MARCH 12, 2024

Whether caused by more frequent extreme weather events , blocked shipping routes and geopolitical events , or labor shortages , disruptions have the power to throw the most carefully defined demand and supply plans into disarray. Product sales figures are on the rise, with the consumer packaged goods (CPG) sector realizing 10% growth in 2023.

Supply Chain Planning Software 70

Supply Chain Planning Software Demand Planning Software Supply and Demand Scenario Planning 70

ThroughPut

FEBRUARY 12, 2021

Infact, a recent study shows that out-of-stocks account for $634 billion for lost sales globally, while overstocks create $472 billion in lost revenues due to markdowns. Demand forecasting is the kernel of stable food supply for every supermarket retailer.

Forecasting 52

Forecasting Supply and Demand Forecasting Software Demand Planning Software 52

ThroughPut

FEBRUARY 11, 2021

Infact, a recent study shows that out-of-stocks account for $634 billion for lost sales globally, while overstocks create $472 billion in lost revenues due to markdowns. Demand forecasting is the kernel of stable food supply for every supermarket retailer.

Forecasting 52

Forecasting Supply and Demand Forecasting Software Demand Planning Software 52

BlueYonder

AUGUST 28, 2023

Their short-term profitability and long-term competitive success depend on making the right decisions, almost immediately, about how to source and store products, manage and fulfill orders, and schedule assets like labor and transportation. Most importantly, they need to make reliable customer promises and keep them.

Optimal Sourcing 70

Optimal Sourcing Data Inventory Management Software Analytics Software 70

ThroughPut

MARCH 25, 2024

This process is not just about numbers; it’s about the seasoned judgment and experience of professionals who interpret data and market signals to make informed decisions to manage the supply chain effectively to meet the demand. These processes are foundational for strategic supply chain management but serve distinct functions.

Supply and Demand 52

Supply and Demand Forecasting Forecasting Software Demand Planning Software 52

Enterra Insights

AUGUST 5, 2022

” To make room for new inventory, many of America’s largest retailers are steeply discounting excess goods this summer. . ” To make room for new inventory, many of America’s largest retailers are steeply discounting excess goods this summer. Those items are now arriving in U.S. ”[2].

Supply Chain Planning Software 130

Supply Chain Planning Software Forecasting Inventory Reduction Price Reduction 130

Logility

JUNE 2, 2020

The sheer complexity of modern omni-channel retailing makes this difficult. When it comes to effective store-level planning and allocation, experts have argued that it’s easier for some retail sectors than others – for example, grocery stores are able to make appropriate adjustments for demographic differences across geographic areas.

Supply Chain Planning Software 130

Supply Chain Planning Software Supply Chain Planning Retail Scenario Planning 130

ToolsGroup

DECEMBER 11, 2023

Still, too few have recognized the need to apply the same reflection to pricing strategy, especially when it comes to markdowns. Boston Consulting Group estimates that this year — and for the foreseeable future — a full 60% of stock will be sold via markdown. Markdowns have now become a critical survival strategy for retailers.

Price Reduction 156

Price Reduction Pricing Training Modeling Inventory Reduction 156

Logility

APRIL 20, 2016

Not only are they constantly analyzing what is selling, but how to sell it better to create a profit-making enterprise. Transportation was not a big focus area for most retailers, but that is beginning to change. Probably most retailers make that same mistake, not realizing fully the cost of transportation.

Agile and Lean Supply Chain 100

Agile and Lean Supply Chain Research Price Reduction Inventory Reduction 100

ThroughPut

JANUARY 17, 2022

The outcomes are evident and alarming: Out-of-stocks account for $634 billion in lost sales worldwide each year Overstocks created $47 2 billion in lost revenues due to markdowns. Farm Fresh Demand Sensing Strategies for the Smart Food Retailer. Fact 1 – More than 34% of the top 50 U.S.

Supply and Demand 98

Supply and Demand Cost Reduction Strategies Inventory Reduction Modeling 98

Enterra Insights

JANUARY 14, 2022

When retailers join in — which is most of the time — dance steps become even more complex. Most business consultants today urge CPG manufacturers and retailers to become consumer-centric and demand-driven. Sometimes CPG manufacturers take the lead and sometimes consumers take the lead. Changing Nature of Consumer Behavior.

Manufacturing Procurement 130

Manufacturing Procurement Supply Chain Planning Software Packaging Supply and Demand 130

ToolsGroup

NOVEMBER 3, 2015

Based on MIT's five-year, fourteen-country study – one of the largest and most thorough ever undertaken -- the book describes the entire managerial system of lean production. Capital is thus reallocated to the most financially productive areas. But we have also seen companies misinterpret the lean message when it comes to inventory.

Agile and Lean Supply Chain 120

Agile and Lean Supply Chain Inventory Reduction Lean Inventory 120

BlueYonder

JULY 26, 2022

Why isn’t the first mile being discussed when trying to perfect the last mile? When it comes to the digitization of replenishment and fulfillment, retailers are beginning to have the right conversations. In one committee, optimal replenishment based on overarching consumer data is now a recurring theme. Location, location, location.

Modeling 62

Modeling Supply Chain Planning Software Optimization Software Optimization Modeling 62

BlueYonder

OCTOBER 18, 2022

Not only did shoppers make holiday purchases, but they shared that it will impact their shopping for the rest of the year. After months of rumors, Amazon held its new deal event, Prime Early Access Sale , from Oct. 11-12 to officially kick off the 2022 holiday shopping season.

Optimal Sourcing 77

Optimal Sourcing Price Reduction Purchasing Skills Inventory Reduction 77

JDA software

FEBRUARY 26, 2019

More retailers are running into a surge in returns in our unified commerce environment than ever before and fashion brands are feeling the effects the most. Don’t make them guess. Retail has a serious problem with eCommerce returns. At least 30% of all online purchases are returned, compare that to 8.89% of in-store purchases.

Optimization Software 72

Optimization Software Analytics Software Purchasing Skills Demand Planning Software 72

Enterra Insights

DECEMBER 4, 2019

Traditionally the holiday shopping season has been a make-or-break time for retailers. That could force companies to use heavy markdowns in January to clear the shelves. … It said the holiday season accounted for almost 24% of all retailers’ sales in the late 1990s, but is closer to 21% today. .

Procurement Solutions 100

Procurement Solutions Eliminating Excel in Purchasing Purchasing Skills Procurement Analytics 100

BlueYonder

SEPTEMBER 28, 2022

Lightweight breathable foundations make way for foundations that keeps dry skin luminous during the colder seasons. And sometimes the latest social media trend (think TikTok) plays a part in elevating demand for a product. When new trends come, can you get the latest beauty products to your customers?

Trends 52

Trends Retail Demand Planning Software Groups 52

ThroughPut

FEBRUARY 17, 2022

As a direct outcome, erratic fluctuations in demand have destabilized almost every leg of the global retail supply chain.Today, 96% of retailers are all set to make their supply chains more agile while 90% say they need to be more resilient. The pandemic has catalyzed supply chain transformation for many global retail enterprises.

Optimal Sourcing 52

Optimal Sourcing Inventory Reduction Price Reduction Cost Reduction Strategies 52