ShipBob

APRIL 15, 2024

That’s why you need to closely measure metrics such as gross margin return on investment (GMROI). Specifically, GMROI measures how much profit you generate from every dollar you invest in your inventory purchases. This metric doesn’t just account for the cost of buying inventory.

Inventory Reduction 52

Inventory Reduction Material Savings Price Reduction Cost Reduction Strategies 52

SCMDOJO

MARCH 19, 2024

When customers have transparency into product availability, delivery timelines, and order status, they are more likely to complete purchases and continue shopping with a business. At the same time, it makes excellent sense to have a good SEO software solution to keep track of how your marketing strategies perform.

Supply Chain Visibility 76

Supply Chain Visibility Supply Chain Design Software Supply Chain Planning Software Supply Chain Software 76

The Logistics & Supply Chain Management Society

APRIL 15, 2021

With full visibility and productivity related metrics maintained at the corporate level, all levels of management have access to real-time data simultaneously, and can monitor daily operations as they happen, addressing issues or errors immediately. Reducing volume purchasing cost by 10 to 20%. Reducing premium transportation by 50%.

Inventory Reduction 259

Inventory Reduction Cost Reduction Strategies Expense Reduction Supply Chain Planning Software 259

ToolsGroup

MARCH 1, 2018

But omnichannel retail is causing retailers to revisit practices like this and explore a new approach that flips the sequence, using analytics to first determine what is likelier to sell, then deciding what to carry. Retailers have relied on an “Open-to-Buy” budget as a way to both control spend and determine what inventory to purchase.

Inventory Reduction 189

Inventory Reduction Retail Inventory Supply Chain Planning Software 189

Supply Chain Management and Analytics

MARCH 5, 2021

Digital commerce efficiently requires the digitalization of many customer-facing operations and sourcing and procurement. The First Step: Bring all the data together and ensure analytics and planning can happen on the same platform. . Accurate and timely reconciliation of purchase orders with receipts.

Supply Chain Planning Software 52

Supply Chain Planning Software Scenario Planning Supply Chain Planning Modeling 52

Supply Chain Shaman

JUNE 6, 2015

I was running a factory, and I made a bet with the production team that I could schedule the lines through a heavy summer period and predict production needs adequately to predict when they could get weekends off to spend with their families. I used history to predict the future. If I won, they would cook me dinner.

Supply Chain Planning Software 150

Supply Chain Planning Software Supply Chain Design Software Forecasting Software Demand Planning Software 150

Elementum

DECEMBER 11, 2023

By utilizing software tools and solutions, BPA enables businesses to streamline and automate repetitive, multistep processes that typically involve various applications, systems, and personnel. Choosing the Right Tools and Platforms Selecting the appropriate tools and platforms is vital to the success of your BPA strategy.

Sourcing Strategies 78

Sourcing Strategies Optimization Software Analytics Software Predictive Analytics Software 78