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What is Lean Retail (+ Why Retailers Must Embrace It)

ToolsGroup

Whereas retailers once purchased merchandise largely based on the gut instinct of trend-savvy buyers and the push of whatever manufacturers tried to sell them, nowadays, they need to take a much more customer-focused and data-centered approach. What is Lean Retail?

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My Take: E2open Buys Terra Technology

Supply Chain Shaman

As an analyst in the supply chain market for 15 years, I have written many articles on best-of-breed technology companies purchased by a larger company. The initial software product release name was Real-Time Forecasting. The product naming convention changed to Demand Sensing (DS) in 2005. History of Terra Technology.

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The fundamentals of demand planning and forecasting

EazyStock

Demand planning has two main functions: determining the right inventory levels to meet demand and helping inventory managers with capacity planning to use space and resources most efficiently. Determining the right stock levels to meet demand is vital for customer satisfaction.

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The fundamentals of demand planning and forecasting

EazyStock

Demand planning has two main functions: working out the right inventory levels to meet demand and helping inventory managers with capacity planning to use space and resources most efficiently. Working out the right stock levels to meet demand is vital for customer satisfaction. Gather internal and external data.

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What Exactly Is Supply Chain Management? 10 Different Definitions!

Supply Chain Game Changer

When I began my career there was no such thing as “Supply Chain Management” Supply Chain was not a title to be found anywhere on any organization chart. So what exactly is the definition of “Supply Chain Management”? SCM #SupplyChain #Technology #Logistics #Freight #Purchasing #Procurement #Business.

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A River Runs Through It…

Supply Chain Shaman

Learn to navigate the river of demand. Realize that, within the organization, the concept of demand as a flow is not well understood. There are many misconceptions that must be challenged: 1) Demand Management Is Forecasting. The modeling of demand today is supply focused. 2) One-Number Forecasting.

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No Easter Bunny?

Supply Chain Shaman

The traditional supply chain is inside-out, triggering processes on the back of order-to-cash and procure-to-pay financial processes. Designed to make the traditional supply chain more efficient, today’s IT investments struggle to balance demand and supply, and drive profitability. Orders do not represent market demand.