article thumbnail

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

Logistics Viewpoints

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. These metrics can be used for making operational adjustments related to inventory levels as well as assortment and sourcing decisions.

article thumbnail

Elevating The Voice of the Supply Chain Contrarian

Supply Chain Shaman

Table 2: Gartner Top 25 Comparison to Peer Group Results As large manufacturers work the conference circuit in the industry to increase brand awareness for their supply chain efforts, they feed the perception that their stories demonstrate supply chain leadership. Is this success? I don’t think so.

Gartner 365
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

The Top 15 Retail Trends for 2022

ToolsGroup

Data source: eMarketer. Google’s findings align with McKinsey data (and, for what it’s worth, my browsing history), demonstrating apparel, cosmetics, household items, and pets as categories consumers intend to splurge. Image source: Bring Me the News. eCommerce Purchases and “The New Normal” Retail Categories.

article thumbnail

Let the Qs Begin

Supply Chain Shaman

While the performance rankings were based on comparisons of inventory turns, operating margin and Return on Invested Capital (ROIC) for the periods of 2006-2013 and 2009-2013, the concept is that to be a supply chain leader you must outperform and drive improvement. How do you balance the trade-offs between source, make and deliver?

article thumbnail

Can Airfreight Smoothen the Supply Chain Bottlenecks

20Cube Logistics

Clothes and apparels are like food. Not only do these charges become a source of revenue for the government, but it also helps promote domestic products in a way. Thus in order to comply with the factor revolving around promptness, the supply chain industry relies on airfreight as it is the fastest way to ship goods.

article thumbnail

2020 Requires Big Wings and Feet

Supply Chain Shaman

Popular techniques included business process outsourcing, contract manufacturing to reduce the cost of labor, low-cost country sourcing, tax efficiency projects, and the elongation of payables to improve cash-to-cash. Apparel is an example. Results of Financial Reengineering Fails the Apparel Manufacturing Industry. . #8

article thumbnail

Top 5 RFP Tips for Retail

EC Sourcing Group

Sometimes, you can also have too many responses, so you have to re-weigh your comparisons. Another issue for those who buy in retail is making a poor comparison. RFP solutions for retail include RFP tools and software that can help you have a clear and effective supplier comparison. Do a further comparison.