Ware2Go

JANUARY 10, 2022

Should you change your supply chain procurement strategy in light of continuing supply chain disruptions? Many merchants were concerned about having enough inventory to meet demand, and consumers wondered if they would be able to secure holiday gifts for loved ones. Big Picture Thinking.

Inventory Reduction 52

Inventory Reduction Cost Reduction Strategies Expense Reduction Price Reduction 52

Supply Chain Matters

DECEMBER 28, 2023

That strategy seems to have garnered success by the accounts of reported Black Friday weekend sales. Consumers were expecting that there would be adequate inventory of goods even up to two days before Christmas. All rights reserved. The post Initial Estimates of U.S.

Forecasting 52

Forecasting Apparel Inventory Reduction Journal 52

Supply Chain Shaman

DECEMBER 28, 2020

Only four percent of companies compared to their peer groups improved balance sheet performance of growth, operating margin, and inventory turns. When compared to pre-recession years, we ended the decade with twenty more days of inventory. Days of Inventory Comparison. Now, let’s take consumer products. What can we learn?

Supply Chain Planning Software 411

Supply Chain Planning Software Forecasting Forecasting Software Modeling 411

Supply Chain Shaman

JUNE 29, 2022

The question of near-shoring or reshoring is really a question for labor-intensive industries like apparel. In the sector, the bullwhip impact is high, the inflationary pressures of crude oil prices immense, the variability from energy outages painful, and inventories relatively low. Focus on right-sizing inventories.

Supply Chain Design Software 251

Supply Chain Design Software Supply Chain Planning Software Supply Chain Design Pricing Training 251

Logistics Viewpoints

JUNE 1, 2023

Now all retailers are re-assessing their sourcing strategies and looking for local alternatives to reduce risks, lead times and carbon footprint. Retailers will also have an inventory surplus because people will buy less overall, meaning they may need to lower prices to clear their excess stock–hurting their profits.

Supply Chain Planning Software 193

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Cathy Roberson

AUGUST 30, 2021

The COVID-19 pandemic accelerated many retailers’ e-commerce strategies as stores battled temporary closures and consumers who were hesitant to shop in person once stores reopened. As more consumers return to stores, retailers are remodeling stores to fit their new multichannel strategy.

Inventory Reduction 109

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Supply Chain Matters

JULY 6, 2022

Sports apparel and athletic shoes producer Nike recently reported flat fiscal fourth quarter sales amid continued supply chain snarls. The sports apparel maker’s sales and supply chain activities were especially impacted by severe Covid-19 restrictions and lockdowns that impacted major cities in China earlier in the year.

Supply Chain Disruption 52

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Enterra Insights

AUGUST 5, 2022

.”[1] Here’s the rub: “All those excess retail inventories are starting to weigh on warehousing markets. … Companies are struggling to find space for the glut of apparel, kitchen appliances and other goods filling up their supply chains.” As a result, many retailers are sitting on excess inventory.”

Supply Chain Planning Software 130

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The Logistics & Supply Chain Management Society

JANUARY 3, 2024

The question of near-shoring or reshoring is really a question for labor-intensive industries like apparel. In the sector, the bullwhip impact is high, the inflationary pressures of crude oil prices immense, the variability from energy outages painful, and inventories relatively low. Focus on right-sizing inventories.

Supply Chain Design Software 130

Supply Chain Design Software Supply Chain Planning Software Supply Chain Design Supply Chain Software 130

Supply Chain Matters

AUGUST 22, 2022

In this Supply Chain Matters industry specific commentary, we make the observation that retail industry sales and operations planning and demand support teams, given the current state of recent business financial performance, need to up their game in supply network inventory management agility and added responsiveness. .

Inventory Management Software 52

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Supply Chain Matters

MARCH 29, 2022

While this footwear producer still maintains a supply network that stretches to Asia , these local facilities have supported a strategy for leveraging and promoting a U.S. factory represents a strategy of controlling the company’s destiny which has really come to the forefront in the past two years with the effects of the Covid endemic. “

Manufacturing Procurement 52

Manufacturing Procurement Manufacturing Sourcing Strategies Expense Reduction 52

Veridian Solutions

FEBRUARY 3, 2020

In fact, consider these key tips to boost your omnichannel fulfillment strategy. The machines require the physical placement of inventory in the appropriate slots, and customers use their phones to retrieve their merchandise. However, it depends on the available inventory. Increase Your Omnichannel Strategy and Prestige.

Inventory Reduction 58

Inventory Reduction Cost Reduction Strategies Omnichannel Supply Chain Strategy 58

Logistics Viewpoints

AUGUST 19, 2022

For merchants using FBA, Amazon handles the process of picking, packing, and shipping items. billion in inventory that “if we could just wave a magic wand, we’d make it go away today,” said chief financial officer John David Rainey. Walmart estimates that inventory is still 15 percent above optimal levels. Walmart has about $1.5

Logistics Network Optimization Software 199

Logistics Network Optimization Software Supply Chain Planning Software Inventory Reduction Cost Reduction Strategies 199

ToolsGroup

FEBRUARY 7, 2022

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. Digital commerce leaders recognize this need, with 41% investing in new customer experiences to support the execution of their digital strategies.

Supply Chain Planning Software 177

Supply Chain Planning Software Trends Retail Forecasting Software 177

Elementum

APRIL 12, 2018

However, this dynamic industry is now facing the same challenges as some traditional retailers —unsold inventory and profit losses. Inventory Woes. billion worth of unsold inventory. A prime example is Amazon, the e-commerce juggernaut that’s set to overtake Macy's as the largest apparel retailer. Final Thoughts.

Inventory Reduction 79

Inventory Reduction Retail Inventory Sourcing Strategies 79

Supply Chain Matters

APRIL 4, 2024

Publicis Sapient Announces Acquisition of Spinnaker SCA Digital business transformation company Publicis Sapient has announced the acquisition of Spinnaker SCA , a supply chain services firm that provides end-to-end supply chain strategy, planning and execution consulting services. No financial details were disclosed in the announcement.

Supply Chain Design Software 40

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Supply Chain Matters

MARCH 11, 2024

The company’s legacy has been one of extraordinary sales and inventory turnover accomplished through a proven capability of fast, in-season design and merchandise availability, coupled with proximity supplier sourcing. The global retailer is able to design, produce and ship products to fashion focused customers in a matter of days.

Inventory Reduction 52

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ToolsGroup

OCTOBER 10, 2022

Like most industries, manufacturers around the world are feeling the pinch of inventory disruption brought on by shortages and other supply chain challenges. Depending on what report you read, manufacturers are either stockpiling inventory to meet service levels or scrambling to stock up on inventory and often miss the mark due to shortages.

Inventory Reduction 156

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Cognira

MARCH 9, 2022

Multi-channel fulfillment strategies aren’t cutting it anymore. Instead, retailers need to invest in an omnichannel fulfillment strategy to stay ahead of their competition. By Meg Galgano, Global Head of Product Strategy. Discover how an omnichannel fulfillment strategy is changing the game for retailers. March 9, 2022.

Omnichannel 52

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Elementum

APRIL 12, 2018

However, this dynamic industry is now facing the same challenges as some traditional retailers —unsold inventory and profit losses. Inventory Woes. billion worth of unsold inventory. A prime example is Amazon, the e-commerce juggernaut that’s set to overtake Macy's as the largest apparel retailer. Final Thoughts.

Inventory Reduction 60

Inventory Reduction Retail Inventory Sourcing Strategies 60

Supply Chain Shaman

OCTOBER 8, 2019

I find senior executives love to throw around superlatives like customer-centric, agile, efficient and responsive but lack the understanding of how the words translate to supply chain strategy in the real world. Managing a supply chain requires big feet—grounding in real-world experience—coupled with big wings—conceptualization of strategy.

Supply Chain Design Software 183

Supply Chain Design Software Inventory Reduction Supply Chain Planning Software Forecasting 183

Logistics Viewpoints

OCTOBER 29, 2021

In a blog post, Amazon said a combination of planes, trucks, ships, and delivery vans, along with staffed-up warehouses, has put it in a good position to “get customers what they want, when they want it, wherever they are this holiday season.” Amazon is clearly not the only company making plans for the upcoming holiday season.

Logistics Network Optimization Software 191

Logistics Network Optimization Software Supply Chain Planning Software Logistics Supply Chain Design Software 191

FLEXE

APRIL 12, 2017

In 2005, department stores alone sold $60 billion in apparel; in 2015, it was half with nearly $28 billion shifting to online retailers like Amazon. Recently, more of Wal-Mart’s eCommerce strategy has been revealed. That means, nearly 61 out of 100 shoppers on your site will go elsewhere if shipping costs are too high.

Cost Reduction Strategies 52

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Logility

JUNE 2, 2020

This decentralized strategy deliberately tips the scales toward the customer. Imagine your apparel buyers are convinced yellow maxi coats will be hot next fall. The store plan covers current sales, forecasted sales and forecasted inventory, which in turn drives product distribution. Increase inventory turns.

Supply Chain Planning Software 130

Supply Chain Planning Software Supply Chain Planning Retail Scenario Planning 130

Operations and Supply Chain Management

FEBRUARY 28, 2024

For some online apparel retailers, returns now average 40% of sales. Last year, I attended a three-day conference in Las Vegas conducted by the Reverse Logistics Association, a trade group whose members deal with product returns, unsold inventories and other capitalist jetsam. The field is large and growing. Zachary said.

Reverse Logistics 75

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Supply Chain Shaman

JANUARY 18, 2016

Note that apparel manufacturing is growing and apparel retail is declining. Table 1: Contract of Growth, Operating Margin, Inventory Turns and Cash-To-Cash for Consumer-Facing Industries. In parallel, take a closer look at inventory turns where only pharmaceutical companies made slight progress. The difference?

Supply Chain Planning Software 150

Supply Chain Planning Software Modeling Software Supply Chain Software Manufacturing Procurement 150

ToolsGroup

OCTOBER 25, 2022

More than ever, seasonal inventory needs to be carefully accounted for during the demand forecasting and inventory planning process , ensuring right-sized inventory that can meet customer expectations while limiting the spend and use of working capital. Benefits of Effective Seasonal Inventory Management.

Inventory Reduction 156

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Enterra Insights

DECEMBER 4, 2019

For online retailers and retailers with an omnichannel strategy, it’s probably good news. Amazon’s Prime Day in July, for example, has led to more retailers like Target, Walmart and Kohl’s offering steep discounts on toys, apparel and electronics during the summer, in a bid to stay competitive. .

Procurement Solutions 100

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Vinculum

JANUARY 20, 2022

The e-commerce platform in the apparel industry is skyrocketing. Apparel sales have reached the pinnacle with n-number of patterns, colors, and designs. For that, they start making strategies to minimize the returns by changing or updating the policies at regular intervals to grab the customer’s mind in a Broadway.

Apparel 52

Apparel Expense Reduction Price Reduction Logistics Network Optimization Software 52

o9 Solutions

AUGUST 12, 2021

It is widely acknowledged that uncertainty resulting from the pandemic created many opportunities for grocers but reduced demand in the fashion and apparel industry. There are also omnichannel demand shaping activities such as placement on the website, special offers like free shipping, and digital coupons which drive incremental sales.

Modeling 52

Modeling Price Reduction Inventory Reduction Resource Reduction 52

ShipBob

MARCH 2, 2023

But no matter who your audience is, in an era when consumers are bombarded with ads online and offline, it’s important to create a multichannel retail strategy to get in front of customers through their preferred channel. That means optimizing inventory levels to meet demand and offering competitive shipping options.

Retail 52

Retail Eliminating Excel in Purchasing Purchasing Skills How To 52

Logility

APRIL 27, 2015

For example, apparel trends, fit—active, slimming, skinny—style and color; or industry products—made with recycled material, and so on. This mentality is giving way to a more analytical approach, a granular view of inventory across the supply chain. It costs a lot of money to ship, store and reship merchandise.

Research 102

Research Supply Chain Planning Software Inventory Reduction Modeling Software 102

ShipBob

APRIL 8, 2020

In this product pricing guide, we’ll cover the importance of reviewing your current product pricing strategy, how to price your products, and ways to reduce costs so your products remain affordable. Many businesses price their products based on group decisions or by using a simple cost-plus pricing strategy. Pricing shows value.

Price Reduction 98

Price Reduction Purchasing Skills Material Savings Cost Reduction Strategies 98

ThroughPut

DECEMBER 8, 2023

In the context of supply chain management, prescriptive analytics leverages raw historical data and performance data to determine the best probable courses of action, supporting supply chain decisions through network design, inventory and warehouse optimization, and supplier management. What should be the ideal shipment strategy?

Prescriptive Analytics Software 52

Prescriptive Analytics Software Optimal Sourcing Modeling Procurement Analytics 52

Logistics Bureau

MAY 3, 2021

Some have hit on the right strategies and are thriving in the new normal, and others are struggling. Customers can shop online and have their orders shipped from a local Target store to their homes in as little as one hour. Was one-day shipping an overstep for Amazon? The Dark Store Trend.

Supply Chain Planning Software 59

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BlueYonder

JUNE 19, 2014

vice president of retail strategy, sat down with Foot Locker Chairman and CEO, Ken C. Hicks: By making the inventory visible to the customers and the stores. When you go into a store, instead of seeing just the inventory in that store, you can effectively utilize the entire inventory of the company. Foot Locker, Inc.

Jordan 60

Jordan Apparel Price Mitigation Strategies Inventory Reduction 60

Vinculum

JULY 8, 2019

Sell and manage orders, inventory, and fulfillment across multiple sales channels. Modules to orchestrate real-time view of inventory and enable omnichannel for brands and retailers. Robots and artificial intelligence (AI) in warehouses to manage inventory. Warehouse automation to reduce manual errors in managing inventory.

Chicago 40

Chicago Supply Chain Design Software Supply Chain Software Supply Chain Network Software 40