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Four Ways of Using Cluster Analysis in Retail Management to Improve Sales

Logistics Viewpoints

For companies that want to go beyond the traditional spreadsheet, which cannot handle this ocean of information efficiently, statistical methods such as cluster analysis can help. What is Cluster Analysis? Four Ways of Using Cluster Analysis in Retail.

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Fundamentals of vibration analysis

IT Supply Chain

The post Fundamentals of vibration analysis appeared first on IT Supply Chain. By Chris Robson (pictured). Sales Director, Houghton International. Industry Talk

Analysis 104
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Freight Cost Volatility Impacts on Inflation – An Analysis

Freightos

Well, an analysis of US import container volumes 1 as a share of consumer spending 2 in 2021 and 2022 to date implies that every $1,000 in ocean freight costs per forty-foot container accounts for 0.09% of personal consumption expenditures each year.

Analysis 156
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What Is Spend Analysis?

EC Sourcing Group

Spend analysis is a process that identifies, cleans, categorizes, and analyzes your business spend data. The process of spend analysis has specific goals of efficiency and saving money by increasing visibility into spend, which can decrease overall procurement costs. Spend analysis.

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Start Considering Risk in Your Supply Chain Design with these 4 Steps

Continual disruption is exposing the fragility of supply chains designed for low cost at high risk. Here’s how to start quantifying risk in your supply chain design for smarter decisions that address financial and resiliency objectives.

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Top 5 Benefits of Spend Analysis

EC Sourcing Group

S pend analysis in procurement is a longstanding concept, however, implementation can be difficult without the proper tools. Over the years, implementing this kind of analysis has become more accessible than ever with the advent of robust procurement tools and software.

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COVID-19 Data Analysis Basics – Taking the Mystery Out of Smoothing Daily Counts

Arkieva

COVID-19 Data Analysis Basics – Taking the Mystery Out of Smoothing Daily Counts was first posted on April 22, 2020 at 8:32 am. ©2017 We see graphs of COVID-19 events on a regular basis. One of the most common is a bar chart for daily new events (COVID-19 cases, hospitalizations, deaths).

Analysis 114
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What is ABC Analysis?

SupplyPike

Learn about: What an ABC analysis is How you can implement it How Walmart uses it in its daily business. ABC analysis is based on “ The Pareto Principle ,” also known as the 80/20 rule. Implementing ABC Analysis. Make decisions based on an analysis of the categories.

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Some COVID19 Data Analysis Basics – New Events, Cum Events, and Logarithms

Arkieva

Some COVID19 Data Analysis Basics – New Events, Cum Events, and Logarithms was first posted on April 14, 2020 at 8:03 am. ©2017 We see graphs of COVID-19 events on a regular basis these days.

Analysis 148
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6 Benefits of Spend Analysis

EC Sourcing Group

Spend analysis in procurement has always been an imperative, playing a vital role both in procurement management and the supply chain. Spend analysis technology” and “ spend analysis software” are parallel terms, and automates the entire spending analysis system.

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How ZoomInfo Enhances Your Database Management Strategy

Forward-thinking marketing organizations have continuously invested in a database strategy for enabling marketing processes. Download this ebook to learn how to maintain a strategy that includes refreshed information, database cleanses, and an accurate analysis at the same time.

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Guide to SKU Analysis

ShipBob

And proper SKU management requires accurate SKU analysis. In this post, we give you a closer look at what SKU analysis is, why you should analyze your SKUs, and how you can use SKU analysis to improve inventory management. What is SKU analysis? SKU analysis FAQs.

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Using ABC Analysis to Determine Off Balance Inventory

Arkieva

In this blog are some analyses based on the Pareto principle (or as is very commonly referred to as ABC analysis) that one can do in order to determine the alignment of the inventory with the overall needs of the supply chain.

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Using Spend Analysis to Understand Supply Chain Risks

NC State SCRC

The importance of conducting a thorough analysis of spend was emphasized in an interview with a Big Three automotive executive, who recalls how this first came to light in the 1970s during the dramatic run up in petrochemical prices.

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Scenario Analysis: A Powerful Analytics Force

River Logic

Scenario Management Supply Chain Management Scenario Analysis

Analysis 100
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Supply Chain Network Design: The Ultimate Use Cases eBook

Explore the most common use cases for network design and optimization software. This eBook shares how supply chain leaders leverage their supply chain design software to tackle a variety of challenges and questions.

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Some COVID-19 Data Analysis Basics – New Events, Cum Events, and Logarithms

Arkieva

Some COVID-19 Data Analysis Basics – New Events, Cum Events, and Logarithms was first posted on April 14, 2020 at 8:03 am. ©2017 We see graphs of COVID-19 events on a regular basis these days.

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Spend Analysis in Supply Chain Management

EC Sourcing Group

Spend Analysis in Supply Chain Management. If you’re executing your procurement strategies efficiently, you’re also continually running spend analysis reports. Spend Analysis in Supply Chain Management: What Are the Basic Parts of the Supply Chain? Blog Spend Analysis

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Blockchain Tech is Vulnerable to Tampering, a DARPA Analysis Finds

Supply Chain Brain

By design, blockchain technology is meant to be free from interference by banks, companies and governments. But a new report says the decentralized system might not be working as well as many crypto enthusiasts assume

Analysis 139
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Cluster Analysis Applications in Retail Industry

Solvoyo

From segmenting customers to planning replenishment strategy for store groups, cluster analysis in the retail industry provides many benefits. The post Cluster Analysis Applications in Retail Industry appeared first on Solvoyo.

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Monumental Rate Hikes: 2023 FedEx General Rate Increase (GRI) Analysis

FedEx has announced their yearly General Rate Increase (GRI), and it's larger than ever before. Sifted's GRI Analysis shows why you should avoid taking the average increase of 6.9% at face value, what charges can hurt you the most, and how to prepare.

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How to use Root Cause Analysis in Supply Chain Management

All Things Supply Chain

And while a global supply chain brings benefits in terms of… General Supply Chain Management root cause analysis supply chain supply chain managementMost consumers realize that the products they purchase are the result of a global chain of suppliers and logistics.

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The Benefits of What-If Analysis for Durable Goods Companies

Logility

For durable goods companies, what-if analysis is a valuable tool helping to meet service goals while staying on budget or even improving the financial picture overall. To Be Effective, Perform Your What-If Analysis the Right Way.

Analysis 130
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Procurement Analysis: a Game Changer for Purchasing Strategically

Precoro

To navigate complex and fast-paced markets, an agenda of spend analysis is introduced as a part of the procurement function. Consolidated data, subjected to analysis, reveals facts and coherences that might have stayed unnoticed otherwise. Procurement Analysis Steps.

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What if there were no limitations to your what-if analysis? What would you simulate?

Kinaxis

by Lori Smith What if there were little, to no, limitations to the what-if analysis you could do? Yet the value of what-if analysis is in the power to put the ability to do scenario simulations in the hands of many. What-if analysis, in the most optimal condition, would be quick, flexible, extensive, and collaborative. The post What if there were no limitations to your what-if analysis? General News Supply chain management what-if analysis

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Automated Order Processing and Proactive Inventory Management

Speaker: Irina Rosca, Director of Supply Chain Operations, Helix

Organizations need to focus on demand driven supply planning, utilizing real time information on customer orders from all marketplaces (e-commence, Amazon - or other online retailers, and point of sale data from brick and mortar). Focusing on this information once per month during the S&OP meeting is too late for all business units to align. Companies should have seamless integration between order entry, inventory management, forecasting and supply planning models and purchase order status to sense risk, pull levers to mitigate potential risk, and communicate within and outside the organization. This is especially important for new product releases, in store programs or promotions (sales, end caps, PDQ. etc) or online promotions (company run or 3rd party). Depending on total supply chain lead time, not having real time visibility and analysis of this information can significantly affect sales and the bottom line.

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Employee Safety in the Logistics Industry Starts with Data Collection & Analysis

IT Supply Chain

The post Employee Safety in the Logistics Industry Starts with Data Collection & Analysis appeared first on IT Supply Chain. By Peter Ruffley, CEO of Zizo (pictured). & & Ian Brown, CEO, Excelpoint.

Analysis 104
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Meeting EV Targets through Data Collection & Analysis

IT Supply Chain

The post Meeting EV Targets through Data Collection & Analysis appeared first on IT Supply Chain. By Nick Sacke (pictured). Head of IoT Solutions, Comms365. Industry Talk

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IT Budgets Analysis Predicts Even Faster Move to the Cloud

QAD

The post IT Budgets Analysis Predicts Even Faster Move to the Cloud appeared first on QAD Blog. Featured Innovation + Technology cloud cloud computing cloud erp Cloud-based services erp IT budgets IT budgets analysis IT spend Managed services manufacturing Move to the cloud

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Chinese Cargo-Data Network Poses Growing Risks, U.S. Analysis Says

Supply Chain Brain

A congressional advisory body is urging legislators to strengthen U.S. defenses against China’s growing control of digital information related to global shipping and cargo, warning it could undermine national security and businesses

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The Essential Supply Chain Network Design Tooling Checklist

Dedicated supply chain network design software is fuelled by intuitive scenario analysis capabilities and powerful mathematical optimization. Answer 10 relevant questions to see if advanced network design & scenario modeling technology can help you.

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Rising Interest Rates: Maybe It’s Time to Bring Back the Forgotten Art of Price Analysis

NC State SCRC

Price analysis is a subject that is often overlooked in supply chain education, (although it is certainly a big part of our chapter on Strategic Cost Management in Purchasing and Supply Chain Management ). Maybe Price Analysis’s time has returned!

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Time to Automate Scenario Analysis in Supply Chain Planning

Adexa

Time to Automate Scenario Analysis in Supply Chain Planning What-if scenario analysis is widely used by supply chain professionals in order to find the best response to an event in the past or one that is likely in the future.

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Reduce Excess Inventory While Protecting Margins with a Pricing and Promotion Analysis  Solution

Logility

An optimal pricing and promotion analysis solution uses machine learning algorithms and price elasticity models to create promotion-influenced forecasts. Are you interested in learning about more ways a pricing and promotion analysis solution can help with supply chain planning?

Analysis 130
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Managing E-Commerce Fulfillment Spikes With Data Analysis

GlobalTranz

This creates a major problem for managing e-commerce fulfillment when orders spike and shippers need to understand how data analysis may help. Data Analysis Enhances E-Commerce Forecasts and More Take a moment to consider what goes into managing e-commerce fulfillment. Fortunately, data analysis allows Warehouse Managers to gain the insights necessary to create metrics to track performance, which are also known as key performance indicators (KPIs).

Analysis 151
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Pressure Points: How to Ensure Your B2B Pipeline Passes Inspection

This eBook highlights best practices for developing a pipeline management process that helps sales leaders and their team C.L.O.S.E (you’ll see what we mean in this eBook) more revenue through data-driven prospecting, stage analysis, and subsequent sales enablement.

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Why regularly conducting a business impact analysis is so important

IT Supply Chain

The post Why regularly conducting a business impact analysis is so important appeared first on IT Supply Chain. By Chris Huggett (pictured). Senior Vice President, Europe & India, Sungard AS.

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