Enterra Insights

MAY 26, 2022

Although retailers still talk about the digital path to purchase as an alternative to the traditional shopping journey, the lines between paths to purchase have blurred. With all generations getting more comfortable on the digital path to purchase, most retailers have adapted to this new reality and are pursuing omnichannel strategies.

Procurement Solutions 130

Procurement Solutions Procurement Analytics Manufacturing Procurement Predictive Analytics Software 130

ivalua

OCTOBER 8, 2021

During the pandemic, Procurement flexed its muscle, helping to mitigate supply chain disruptions and enable new channels for engaging with customers and fulfilling orders. Here are four ways leading Procurement organizations can influence retail recovery in 2021 and beyond: 1. Decentralize Procurement.

Optimal Sourcing 130

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Enterra Insights

JULY 30, 2021

As Tom Standage ( @tomstandage ), editor of The Economist ‘s ‘ The World in 2021 ‘, reminds us, the digital path to purchase is increasingly becoming the customer journey of choice. ”[5] Having goods on-hand, however, is only part of the solution to addressing consumer pain points. … SAP polled 1,000 U.S.

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Logistics Viewpoints

JUNE 1, 2023

The increasing need for constantly analyzing these trade-offs across the supply chain networks has highlighted the need for digital twins and what-if capabilities in network design solutions. This means they are more likely to focus on value and affordability and change their priorities and brand preferences when making purchases.

Supply Chain Planning Software 193

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

Enterra Insights

FEBRUARY 8, 2021

Retail trends in 2021. Even more stress on omnichannel operations. Futurist Bernard Marr ( @BernardMarr ) predicts the line between offline and online retail will blur; or as he puts it, “Omnichannel — Offline is online, online is offline.”[2] The rise in e-commerce during the pandemic has been widely reported.

Trends 100

Trends Retail Predictive Analytics Software Manufacturing Procurement 100

Enterra Insights

JULY 19, 2022

One of the behaviors to which they often point is an increase in online purchases. Even before the pandemic, consumers were trending towards more online shopping — making the digital path to purchase and omnichannel operations important for manufacturers and retailers. The omnichannel approach.

Procurement Solutions 130

Procurement Solutions Omnichannel Manufacturing Procurement Procurement Analytics 130

Enterra Insights

DECEMBER 23, 2020

… Investing in robust visibility and automation software will be ranked top of business needs in the upcoming year.”[4]. Durbha predicts resiliency will remain a hot topic in 2021. As a result, the level of risk in 2021 will remain elevated and will be part of the new normal. ”[4]. Improved Agility.

Agile and Lean Supply Chain 140

Agile and Lean Supply Chain Supply Chain Software Trends Supply Chain Optimization 140

Enterra Insights

JANUARY 6, 2022

There are several reasons the retail sector survived the pandemic — among those reasons were the adoption of omnichannel strategies and utilization of cognitive technologies (aka artificial intelligence (AI)). billion in 2021 to more than $204 billion in 2025.” and Wayfair Inc. Profit optimization. Inventory turnover.

Optimal Sourcing 173

Optimal Sourcing Retail Optimization Software Analytics Software 173

ToolsGroup

AUGUST 18, 2022

Turnover: The number of supply chain managers leaving their jobs rose 28% between 2020 and 2021. Omnichannel: E-commerce is projected to account for 20.4% Cyber Security: Global cybercrime damage in 2021 amounted to $16.4 Distributors tend to be more “purchase-focused” than “demand-focused.”. billion a day.

Optimization Software 156

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Enterra Insights

MAY 25, 2022

It was also the period during which omnichannel took off, becoming a dire necessity.”[1]. The list of outstanding retailers, she reports, differs from the company’s 2021 list, which caused them to ask: “In a world where being competent is a table-stakes requirement, what does it take to be outstanding?”

Customer Service 130

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ToolsGroup

FEBRUARY 7, 2022

As 2021’s holiday shopping statistics proved, pandemic or not, consumers are willing to spend. (My Love it or hate it, daily necessities need to be purchased. When looking at global online sales, Salesforce reports 57% digital growth in 2020, and 16% growth in 2021, with eMarketer data predicting a continued increase through 2025.

Supply Chain Planning Software 177

Supply Chain Planning Software Trends Retail Forecasting Software 177

Enterra Insights

AUGUST 5, 2022

Consumers continue to spend but not at the same rate as in 2021 and not on the items they couldn’t get enough of last year — furniture, appliances, exercise equipment, loungewear, etc. ” Today’s retailers know omnichannel operations lie at the heart of a successful holiday shopping season. ”[6].

Supply Chain Planning Software 130

Supply Chain Planning Software Forecasting Inventory Reduction Price Reduction 130

The Logistics & Supply Chain Management Society

APRIL 26, 2022

According to the Conference Board, despite lockdowns and COVID-19 related restrictions, consumer confidence in Asia rose in the last quarter of 2021 to 128 points from 126 points. Brand loyalty is no longer the driver for consumer purchasing decisions. RESILIENCE REQUIRES OMNICHANNEL OPTIMISATION.

Supply Chain Planning Software 246

Supply Chain Planning Software Supply Chain Design Software Agile and Lean Supply Chain Supply Chain Software 246

ToolsGroup

AUGUST 1, 2022

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

Retail Optimal Sourcing Purchasing Skills Procurement Solutions 296

Enterra Insights

JANUARY 14, 2020

In the retail world, BOPIS stands for Buy Online Pick-up In Store and for some retailers it has become the heart of their omnichannel strategy. Online orders would be fulfilled through distribution centers, while in-store purchases would be fulfilled with whatever inventory was on the shelves. ” Speed. ” Footnotes. [1]

Inventory Reduction 100

Inventory Reduction Omnichannel Cost Reduction Strategies Expense Reduction 100

Enterra Insights

OCTOBER 7, 2021

For example, Tom Standage ( @tomstandage ), editor of The Economist ‘s ‘ The World in 2021 ‘, writes, “The adoption of new technological behaviors in response to the pandemic, from video-conferencing to online shopping, means usage has already reached levels that were not expected for many more years.”[1] ”[5]. ”[6].

Modeling Software 130

Modeling Software Supply Chain Planning Software Procurement Analytics Analytics Software 130

ToolsGroup

DECEMBER 14, 2021

Supply Chain Shortages Impacted Consumer Purchases. Maybe its digital-only design fit more with the purchase activities of tweens and young adults everywhere. In October 2021 alone , consumers were faced by over 2 billion out-of-stock messages online. Retailers are Taking a Fresh Look at Their Inventory Planning Tools .

Retail 156

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

Logistics Viewpoints

DECEMBER 6, 2022

However, the inability for consumers to initially see, feel or experience products they purchase online can create gaps between product expectations and what arrives at the doorstep. 21% of online orders were returned in 2021, up from 9% in 2019. 21% of online orders were returned in 2021, up from 9% in 2019. In the U.S,

Reverse Logistics 221

Reverse Logistics Purchasing Skills Price Reduction Logistics Network Optimization Software 221

Enterra Insights

DECEMBER 2, 2021

One example is omnichannel retail. ”[1] As a result they note, “Marketers must adopt an omnichannel mindset to be ready for people’s changing behavior, both today and tomorrow, and to deliver a frictionless customer journey across all channels.” ” Digital Commerce 360, 18 October 2021. [4]

Supply Chain Design Software 147

Supply Chain Design Software Modeling Software S&OP Procurement Solutions 147

Enterra Insights

MARCH 25, 2021

1] Coresight CEO and founder Deborah Weinswig ( @debweinswig ) told Thomas, “In 2021, the rollout of [Covid] vaccination programs should result in a partial recovery in store-based sales. If anyone was in doubt about the future of retail,” he writes, “the purchase of Debenhams by Boohoo has surely sealed the deal.

Retail 130

Retail Procurement Solutions Supply Chain Planning Software Supply Chain Design Software 130

Enterra Insights

MAY 24, 2021

1] Omnichannel Operations are Now the Norm As the light at the end of the pandemic tunnel brightens, malls are starting to see more foot traffic and physical stores are preparing for the return of customers. Most retailers now understand the importance of have a strong omnichannel strategy. Omnichannel is here to stay.”

Retail 130

Retail Modeling Supply Chain Planning Software Modeling Software 130

Enterra Insights

DECEMBER 26, 2022

The staff at Wired magazine notes, “Everyone returns a gift or an impulse purchase now and then. Today’s consumers take a lot of factors into consideration when they make a purchase — including product availability, price, delivery dates, and return policies. of all merchandise purchased in the U.S. ”[2].

Pricing Training 130

Pricing Training Purchasing Skills Purchasing Training Procurement Solutions 130

Locus

SEPTEMBER 24, 2021

US holiday retail sales in 2021 will rise 2.7% – US Holiday 2020 review and Holiday 2021 Preview, Emarketer Insider Intelligence, Feb 2021. Businesses have to work with a narrow timeline to prepare for the 2021 peak season sales. Here are the top six trends that businesses can expect during the 2021 holiday season.

Modeling 52

Modeling Supply Chain Planning Software Supply Chain Software Trends 52

Enterra Insights

MARCH 11, 2021

Long before the pandemic forced shoppers online, the trend was clear: Consumers were increasingly taking the digital path to purchase. Tech-celeration and the digital path to purchase. eCommerce and omnichannel operations. Lacy notes, “Another 2020 trend was retailers pivoting to omnichannel retail.”

Procurement Solutions 130

Procurement Solutions Omnichannel Forecasting Software Predictive Analytics Software 130

Enterra Insights

NOVEMBER 29, 2021

Back in 2005, when Cyber Monday was first introduced, the digital path to purchase was a lightly trodden offshoot of the traditional consumer journey. Cyber Monday Fades in Importance in an Omnichannel World. increase in purchases made in stores.” Online and omnichannel retailers must proceed carefully this holiday season.

Forecasting 130

Forecasting Purchasing Skills Procurement Solutions Omnichannel 130

Enterra Insights

FEBRUARY 8, 2022

Omnichannel retail operations became an essential element of the retail sector. Digital Path to Purchase taken more often. During the early days of the pandemic, consumers were often forced to take the digital path to purchase. percent of all retail sales [in 2021], according to the Mastercard report. ”[5].

Trends 130

Trends Retail Procurement Analytics Procurement Solutions 130

The Logistics & Supply Chain Management Society

SEPTEMBER 21, 2022

trillion in 2021, up from $4.2 Parallelly, expectations around the overall purchasing experience have also grown steeper. A 2021 McKinsey study, that when delivery times are too long, almost half of omnichannel consumers will shop elsewhere. Sales in the e-commerce sector globally, grew to $4.9 trillion by 2025.

Logistics Network Optimization Software 130

Logistics Network Optimization Software Supply Chain Planning Software Optimal Sourcing Optimization Software 130

Enterra Insights

OCTOBER 1, 2021

She writes, “Following COVID-19, most global consumers (60%) have changed their purchasing habits. ”[3] With consumers concerned about having presents under the tree, they may find themselves doing online research then heading to a physical store to purchase available items. .”[3] ” This year may be different.

Retail 130

Retail Procurement Analytics Agile and Lean Supply Chain Demand Planning Software 130

Ware2Go

NOVEMBER 15, 2021

Types of Warehousing Services Warehousing Service Level Agreements Retail Warehousing Strategic Warehousing Warehousing for Amazon Fulfillment Understanding Warehouse Management Systems (WMS) Criteria for Choosing a Warehouse Solution Warehousing FAQ’s. Small retailers may purchase wholesale items online at wholesale marketplaces like Faire.

Warehousing 105

Warehousing Negotiating Skills Inventory Reduction Supply Chain Network Software 105

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. ”[2].

Procurement Analytics 100

Procurement Analytics Manufacturing Procurement Procurement Solutions Purchasing Skills 100

Enterra Insights

FEBRUARY 15, 2022

Grocery industry journalist Sam Silverstein ( @SilversteinSam ) reports, “Shoppers expect to spend an average of $611 per month on groceries [in 2022], an increase of about $79, or nearly 15%, over their projected food budgets for 2021, according to a consumer survey conducted by accounting firm KPMG.”[3] Grocery Sector Trends.

Trends 130

Trends Predictive Analytics Software Modeling Software Supply Chain Planning Software 130

ToolsGroup

OCTOBER 25, 2022

Many companies struggle with this; online out-of-stock notifications during the holiday season increased 256% from 2019 to 2021. across 52 global markets between June 2021 and June 2022. More on the omnichannel advantage of this in a moment. ) Machine learning is a fantastic tool…if you know where to start.

Inventory Reduction 156

Inventory Reduction Inventory Optimal Sourcing Supply and Demand 156

Unleashed

FEBRUARY 15, 2021

From the continuing impact of the global pandemic to the ever-increasing importance of ‘transparency technology’ and sustainable practices, the food industry has its work cut out for it in 2021. It’s become even more important that businesses navigate multiple supply chains with food manufacturing software. Meat alternatives.

Food 93

Food Trends Industrial Industry 93

Enterra Insights

JANUARY 14, 2022

Taking the Digital Path to Purchase. What this means for manufacturers and retailers is that they must continue to focus on mastering omnichannel operations. Purchasing Out of Necessity. 1] Michael Baudendistel, “ Consumer Data Shows Mixed Messages ,” FreightWaves, 23 November 2021. [2] ”[3]. ”[5].

Manufacturing Procurement 130

Manufacturing Procurement Supply Chain Planning Software Packaging Supply and Demand 130

Enterra Insights

JULY 20, 2021

.” Even if foot traffic reaches pre-pandemic levels, more consumers have discovered the convenience of the digital path to purchase. As a result, almost every retailer now focuses on omnichannel operations. 1] Staff, “ 3 Retail Execution Rules for the Next Normal ,” Consumer Goods Technology, 24 March 2021. [2]

Retail 100

Retail Manufacturing Procurement Procurement Analytics Supply Chain Planning Software 100

Enterra Insights

APRIL 20, 2021

Thanks to the pandemic, consumers now find themselves more frequently on the digital path to purchase. 1] Tom Standage ( @tomstandage ), editor of The Economist ‘s ‘ The World in 2021 ‘, puts its another way, “Grannies have discovered online shopping.”[2] billion on online shopping in 2020, a 44% rise over the prior year.”[3]

Logistics Network Optimization Software 130

Logistics Network Optimization Software Supply Chain Planning Software Logistics Predictive Analytics Software 130

Enterra Insights

NOVEMBER 14, 2022

In response to these concerns, Moquin reports that consumers have changed their purchasing behavior in several ways. In addition to comparing prices and purchasing fewer items, consumer behavior in recent months has changed in other ways as well. Omnichannel spending. Purchasing prepared foods. 2] They are: Trend 1.

Purchasing Skills 130

Purchasing Skills Price Reduction Turkey Food 130