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The Top CPO Metrics Used to Measure Inflation, Risk, and Uncertainty

ivalua

In recent years, the overall state of Procurement has been bolstered by increased proficiency, expanding engagement, and a growing direct impact on operations. And they’re not the only ones—other department heads are also increasingly budget-conscious, creating a new opportunity to partner with procurement for better budget management.

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NRF Forecasts 2024 U.S. Retail Sales of $5.2 Billion

Supply Chain Matters

Last week, the National Retail Federation (NRF) forecasted its outlook for retail sales this year. Non-store and online sales included in the above figure are forecasted to grown in a range of between 7 percent and 9 percent year-over-year, equating to a range of $1.47 The 2024 forecast compares to the sales growth of $5.1

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Inventory Forecasting Explained: The 2022 Guide

Unleashed

A crystal ball sometimes wouldn’t go amiss in inventory forecasting. Here we explain the methods and formulas you can use to improve your inventory forecasting, and best practices for your business when designing and carrying out this process. Techniques for 2021 What is inventory forecasting?

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Business Advantages of Advanced Analytics

Enterra Insights

Violino notes, “It’s one thing to gather large amounts of data and apply analytics to it; lots of organizations are doing that. ” Corporate leaders are always seeking the best return on investment (ROI) and, in the digital era, no investment return is more important than one obtained through advanced analytics.

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The Top 15 Retail Trends for 2022

ToolsGroup

The Retail Trends Shaping How We Shop in 2022. 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. Data source: eMarketer.

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The 2022 Chicken Shortage: What the Cluck is Going On?

ToolsGroup

Image source: Google Trends, as of Feb. Image source: 9 News Twitter. Image source: Mashed. Among other tactics, retailers attempting to weather the chicken shortage are using a combination of supply chain planning technologies including demand forecasting and promotional tools. Why Is There a Chicken Shortage?

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Demand Planning: Whipped And Chained by Tradition

Supply Chain Shaman

Given your expertise, I’d love to hear what alternatives you recommend for better demand forecasting and real-time visibility beyond what’s commonly adopted today.” I know that your primary focus is procurement. As a result, after four years of the initial go-live, the team blindly used planning models, distorting the plan.