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

Logistics Viewpoints

Price index and price elasticity are useful metrics on their own, and a combination of these can help determine the right price point to maximize revenue and profit. Comparison of these profiles then gives us store clusters with similar demand, and based on these insights, assortment plans can be developed to address the difference.

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Your Complete Guide to Supply Chain Sustainability

SupplyShift

These are sophisticated global networks, external of the business itself, comprised of manufacturers, logistics enterprises, and third-party suppliers. The three main aggregations of sustainability metrics are environmental, social, and governance. Both types use quantitative metrics but have slight differentiators.

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Your Complete Guide to Supply Chain Sustainability

SupplyShift

These are sophisticated global networks, external of the business itself, comprised of manufacturers, logistics enterprises, and third-party suppliers. The three main aggregations of sustainability metrics are environmental, social, and governance. Both types use quantitative metrics but have slight differentiators.

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Shattering the Fallacy of “One-Number” Forecasts

Logility

From sourcing and production to logistics to marketing, most companies have long relied on a single foundational key performance indicator (KPI) to dictate how they fulfill their customer needs. This one shortcoming is perhaps one of the most obvious for this forecasting metric.

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Billable Weight Explained: How to Reduce Future Shipping Costs

ShipBob

We’ll use the DIM divisor of 139 in this example to offer a side-by-side comparison to our teddy bear example. . Poly mailers are flexible and don’t require additional dunnage for shipping, which is why they’re the preferred choice to apparel, beauty, and book retailers. Dimensional Weight . (10 x 4.65) / 139 = 3.0676 lbs.