Enterra Insights

MAY 31, 2019

consumers expect orders, with free shipping, to arrive within three days. To meet changing consumer behavior, retailers are finding omnichannel strategies essential. ” Omnichannel strategies can help meet consumer demands. are becoming increasingly demanding. Many retailers are struggling to deliver on this expectation.”[1]

Price Reduction 100

Price Reduction Cost Reduction Strategies Sourcing Strategies Omnichannel 100

Enterra Insights

NOVEMBER 20, 2018

The rise of e-commerce and the consumer digital path to purchase has been a nightmare for some retailers from which they can’t awake. This has been especially true for large, traditional brick-and-mortar retailers that failed to master omnichannel operations. ” Direct-to-consumer business models. ” Model 2.

Pricing Training 100

Pricing Training Purchasing Training Procurement Analytics Modeling 100

ShipBob

FEBRUARY 3, 2023

By monitoring particular metrics over time across your online sales, in-store sales, and operations, you’ll gain quantitative insights into your business performance. A retail KPI (or “Key Performance Indicator”) refers to a quantifiable metric used to measure how a retail business is performing. Why are retail metrics important?

Procurement Analytics 52

Procurement Analytics Metrics Retail Inventory Reduction 52

GlobalTranz

MAY 2, 2017

Manufacturers have always struggled to obtain the most accurate inventory levels possible. Meanwhile, failure to notify consumers about out-of-stock items during purchase could result in the permanent loss of a customer. Nothing is more frustrating than ordering an item only to discover that it will not ship for weeks afterward.

Inventory Management Software 120

Inventory Management Software Inventory Reduction Inventory Management Procurement Analytics 120

Veridian Solutions

JULY 25, 2019

Omnichannel is a hard-sell. According to Applause.com , the biggest challenges in omnichannel supply chains derived from a simple problem. Brick-and-Mortar Experiences Deliver Just as Much as Online Experiences in Omnichannel. Omnichannel capabilities offer much more than just purchase history and targeted advertising.

Omnichannel 45

Omnichannel Retail Supply Chain Planning Software Procurement Analytics 45

Veridian Solutions

FEBRUARY 3, 2020

Customers have several channels to make a purchase, such as online or mobile, bought in a store, a combination of the two, known as buy-online, pick-up in-store (BOPIS) , or any other channel to purchase offered by the retailer. In fact, consider these key tips to boost your omnichannel fulfillment strategy.

Inventory Reduction 58

Inventory Reduction Cost Reduction Strategies Omnichannel Supply Chain Strategy 58

Enterra Insights

SEPTEMBER 29, 2020

Hindsight — understanding of a situation or event only after it has happened — is important; however, foresight — the ability to predict or the action of predicting what will happen or be needed in the future — is even more important. The rush to omnichannel operations. Manufacturers, however, are also getting more involved.

Company 100

Company Manufacturing Procurement Omnichannel Procurement Analytics 100

SCMDOJO

DECEMBER 28, 2023

According to a recent report by Global Web Index, modern shoppers distribute their attention across multiple social platforms and are increasingly likely to purchase products on their mobile devices. Having clear visibility into inventory is critical for omnichannel fulfilment.

Supply Chain Planning Software 74

Supply Chain Planning Software Supply Chain Software Supply Chain Network Software Demand Planning Software 74

Talking Logistics

APRIL 25, 2019

As direct-to-consumer orders continue to increase, this trend in purchasing behavior is also driving the push for agility in MHE. 2 The shift to a hybrid omnichannel model. To manage both individual parcels and pallets, the hybrid omnichannel model is gaining popularity to balance the requirements of different order sizes.

Material Savings 101

Material Savings Modeling Software Supply Chain Planning Software Analytics Software 101

crisp

OCTOBER 3, 2023

Inflation and economic uncertainty loom large , directly influencing consumer purchasing behavior. Consumers are undoubtedly becoming more cost-conscious , but how can businesses leverage this shift to their advantage? And how can brands effectively prepare for the year’s most crucial shopping season?

Waste Reduction 52

Waste Reduction Inventory Reduction Vendor Strategies Resource Reduction 52

GlobalTranz

NOVEMBER 20, 2018

As a result, brick-and-mortar retail has become more focused on digital inventory management, a building block in the road to omnichannel supply chains , than in the past. The biggest and most expansive system may not necessarily be the best system for your organization, reports Bridget McCrea of Logistics Management.

Inventory Management Software 121

Inventory Management Software Inventory Management Supply Chain Planning Software Inventory 121

GlobalTranz

FEBRUARY 6, 2017

Amazon’s purchase of Kiva Robots changed the landscape of robotics in the supply chain. Per IDC Manufacturing Insights , the use of robotics will become more platform based through robot-as-a-service, reducing costs of deployment and maintenance. Technology Will Reshape Procurement Practices.

Supply Chain Planning Software 120

Supply Chain Planning Software Procurement Analytics Manufacturing Procurement Trends 120

Enterra Insights

APRIL 13, 2023

Although the economy has proved remarkably resilient, there are so many unknowns at play that no one can predict what future economic conditions might be. Having said that, few if any economists are predicting a bright, short-term future. Customers are in control, and retailers who fail to accurately predict demand are doomed to fail.”

Retail 130

Retail Price Reduction Supply Chain Planning Software ToolsGroup 130

GlobalTranz

AUGUST 8, 2018

Business-to-business (B2B) purchasers have a stake in ensuring B2B suppliers, partners, and distributors can fulfill orders and provide enough information about such transactions to meet end-user demands. In other words, the same demands of consumers exist in B2B purchasers. Decreased shipping costs.

Vendor Strategies 120

Vendor Strategies Cost Reduction Strategies Supply Chain Software Supply Chain Strategy 120

ModusLink Corporation

DECEMBER 13, 2022

Carrier rates are declining across the board, and Seatrade Maritime News reported an “expected trough of freight rates to mid-2023 from 2024 with a lower demand forecast and a higher than expected effective capacity increase due to the unwinding of congestion. Cybersecurity Risk Management Will Grow More Important in Omnichannel E-Commerce.

Agile and Lean Supply Chain 78

Agile and Lean Supply Chain Supply Chain Software Supply Chain Planning Software Trends 78

Unleashed

OCTOBER 27, 2021

That said, as we’ll see in the other trends in this report, COVID-19 has also been a transformational turning point. Some examples of this are: PepsiCo , which recently launched PantryShop.com and Snacks.com to ship its products straight to people’s homes. Direct-to-consumer (D2C) sales in the US alone grew 45.5% They’ve arrived.’

Inventory Management Software 97

Inventory Management Software Forecasting Software Predictive Analytics Software Analytics Software 97

Unleashed

DECEMBER 10, 2023

An enterprise resource planning (ERP) system is a software solution that integrates and manages various parts of your business, such as sales, finance, marketing, planning, human resources, and procurement. An ERP system is designed to manage back-office processes, such as production scheduling , material planning, accounting, and reporting.

Inventory Management Software 52

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

TMC

FEBRUARY 11, 2016

Total eCommerce sales in November and December 2015 are expected to be around $69 billion, a 13% increase on the previous year, reports the Wall Street Journal [1]. In response to changing consumer buying preferences, retailers have implemented multichannel or omnichannel supply chains. decrease in traffic in November and December [2].

Omnichannel 48

Omnichannel Supply Chain Software Logistics Network Optimization Software Modeling Software 48

Enterra Insights

AUGUST 5, 2022

For example, journalists Jason Lalljee ( @jasonlall9 ) and Madison Hoff report, “Walmart announced Monday that it will be implementing markdowns across its inventory in response to too much inventory and inflation affecting consumers’ ability to shop. ” • Review holiday shipping surcharges and delivery windows.

Supply Chain Planning Software 130

Supply Chain Planning Software Forecasting Inventory Reduction Price Reduction 130

Locus

JUNE 23, 2023

With an efficient order fulfillment process, businesses can reduce their shipping costs and improve their turnaround times which helps them increase their sales and revenue. This process is crucial to ensure the right products are shipped to the customers at the right time. How many orders am I currently shipping?

Inventory Reduction 52

Inventory Reduction Cost Reduction Strategies Resource Reduction Vendor Strategies 52

Unleashed

DECEMBER 21, 2023

Inventory management solutions are the systems and processes designed to effectively oversee the entire lifecycle of your business’s inventory, from procurement and storage to distribution and sales. It ties up precious capital, leads to extra storage costs, and may result in the product becoming outdated before it can be sold.

Inventory Reduction 52

Inventory Reduction Inventory Management Software Vendor Strategies Cost Reduction Strategies 52

Veridian Solutions

SEPTEMBER 27, 2018

As a result, brick-and-mortar retail has become more focused on digital inventory management, a building block in the road to omnichannel supply chains , than in the past. A Guide to the Warehouse Metrics Supply Chain Execs Should Track. Ability to create customized reports and use analytics to improve inventory forecast accuracy.

Inventory Management Software 53

Inventory Management Software Inventory Management Procurement Analytics Supply Chain Planning Software 53

Supply Chain Matters

MARCH 5, 2022

Intelligent procurement technology provider JAGGAER announced the finalization of a partnership with TealBook , a tech provider that leverages artificial intelligence and machine learning to gather, predict and refine supplier data and to provide companies with additional product sourcing options.

Supply Chain Planning Software 52

Supply Chain Planning Software Supply Chain Software Predictive Analytics Software Prescriptive Analytics Software 52

GlobalTranz

FEBRUARY 7, 2018

While most brands have already integrated live system tracking, secure data exchange processes, and visibility and traceability throughout systems, the use of cloud-based technologies will begin to have a major impact on procurement processes as well, says Marc Wins of Procurement Academy.

Supply Chain Design Software 170

Supply Chain Design Software Supply Chain Planning Software Supply Chain Software Optimization Software 170

GlobalTranz

APRIL 5, 2016

Predictive analytics , which identify the intrinsic inefficiencies in simple processes that did not warrant in-depth review in response to the Great Recession. For example, the Cerasis Rater enables rapid reporting, tracking of KPIs, and review of asset-allocation quickly and easily. 3PL Logistics Companies Expand Services.

Logistics Network Optimization Software 120

Logistics Network Optimization Software Negotiating Skills 3PL Purchasing Skills 120

ShipBob

APRIL 20, 2022

For instance, omnichannel retail would require a strategic decision about the sales channels you plan to utilize and how to combine them seamlessly. One of the most important considerations is the business model–whether you plan on general B2C ecommerce retail or go the B2B ecommerce route and get into wholesaling. What is wholesale?

Retail 52

Retail Sourcing Strategies Purchasing Skills Price Reduction 52

Vinculum

MAY 13, 2022

In this article, the inventory management software comes into play to manage the business model at its zenith and flourish the market with its brand products. The D2C business model is an eye-catching concept to grab the customer’s attention and deal directly with the manufacturer to get brand products of their choice.

Inventory Management Software 52

Inventory Management Software Inventory Reduction Inventory Management Procurement Solutions 52

Veridian Solutions

JANUARY 23, 2019

retailers, up to 72 percent, lack click and collect capabilities, reports DC Velocity. Click and collect makes up a portion of true omnichannel supply chains, allowing customers the freedom to shop online and pick up products in the store. Expand Your Shipping and Pickup Options With a WMS. The overwhelming majority of U.S.

Retail 49

Retail Eliminating Excel in Purchasing Omnichannel Procurement Analytics 49

Enterra Insights

JANUARY 6, 2020

In today’s omnichannel world, the last mile can lead almost anywhere. Chris Cunnane ( @ccunnane ), an analyst with the ARC Advisory Group, explains, “In order to truly be omnichannel, retailers and brand manufacturers must provide a unified brand experience for their customers. Those days are long past. They are: 1.

Real-time Visibility 100

Real-time Visibility Purchasing Skills Logistics Network Optimization Software Supply Chain Planning Software 100

SCMDOJO

AUGUST 16, 2023

The ability to analyze this data enables the retail giant to make informed decisions on product procurement, inventory management, and demand forecasting. The company has strategically invested in automated distribution centers, streamlining the flow of products from manufacturers to stores.

Inventory Reduction 74

Inventory Reduction Vendor Strategies Price Reduction Supply Chain Planning Software 74

Veridian Solutions

JANUARY 14, 2019

retailers, up to 72 percent, lack click and collect capabilities, reports DC Velocity. Click and collect makes up a portion of true omnichannel supply chains, allowing customers the freedom to shop online and pick up products in the store. A Guide to the Warehouse Metrics Supply Chain Execs Should Track. Download WhitePaper.

Retail 40

Retail Eliminating Excel in Purchasing Procurement Analytics Omnichannel 40

ShipBob

DECEMBER 20, 2021

Think about your most recent purchase. The logistics industry is made up of a highly interconnected supply chain network that manufactures raw materials into finished products and connects producers and consumers through various channels. expecting same day delivery, two-day shipping, etc.) Venture Funding: $25M U.S.

Logistics Network Optimization Software 97

Logistics Network Optimization Software Forecasting Software Supply Chain Planning Software Supply Chain Design Software 97

Enterra Insights

MAY 15, 2020

This dramatic change in consumer shopping habits emphasizes the importance of omnichannel strategies and a resilient supply chain. ”[1] He adds, “Dependence on China for their manufacturing has put small and midsize businesses in jeopardy. Hitendra Chaturvedi, a professor at the Supply Chain Department of W.P.

Reverse Logistics 100

Reverse Logistics Logistics Network Optimization Software Logistics Supply Chain Planning Software 100

Enterra Insights

DECEMBER 26, 2019

”[1] In simpler times, shoppers would return items to the stores in which they were purchased — often exchanging them for other items (a win-win for both the consumer and the retailer). More than 40% of retailers have seen an increase in ‘intentional returns’ in the past year, according to an earlier report from Brightpearl.”

Reverse Logistics 100

Reverse Logistics Purchasing Skills Manufacturing Procurement Waste Reduction 100

Enterra Insights

OCTOBER 14, 2020

Now, all that manufacturing, logistics, pricing, customer engagement and general commerce data is obsolete.” He drew that conclusion from recent surveys and an interview with Shalabh Shalabh, Chief Growth Officer at LatentView Analytics. 1] Anil Kaul, “ Using AI as a Shortcut to the New Normal ,” Path to Purchase IQ, 30 June 2020. [2]

Purchasing Skills 100

Purchasing Skills Manufacturing Procurement Predictive Analytics Software Modeling 100

Unleashed

JUNE 2, 2022

The term omnichannel is a popular eCommerce buzzword, but what exactly is omnichannel eCommerce, and why is it important? We cover these questions and more about the eCommerce sales phenomenon that is omnichannel. What is omnichannel eCommerce? What is the aim of the omnichannel approach?

Omnichannel 97

Omnichannel Inventory Management Software Supply Chain Design Software Analytics Software 97

Enterra Insights

MAY 20, 2020

As Shea notes, “Between disruptions to manufacturing and supply chains and shifts in consumer behavior and purchase decisions, the retail industry will continue to be hit on both the supply and demand sides.” Matthew Townsend ( @matt_townsend ) reports, “Even with the U.S. Will the business even be in business?

Retail 100

Retail Purchasing Skills Price Reduction Scenario Planning 100