Enterra Insights

SEPTEMBER 29, 2020

Hindsight — understanding of a situation or event only after it has happened — is important; however, foresight — the ability to predict or the action of predicting what will happen or be needed in the future — is even more important. billion this year, according to a June report from market research firm eMarketer. .”[2]

Company 100

Company Manufacturing Procurement Omnichannel Procurement Analytics 100

Enterra Insights

SEPTEMBER 14, 2023

”[1] Journalist Paul Berger reports that supply chain indicators confirm this holiday season’s sales could be mediocre. Journalist Nora Colomer reports, “Credit card balances grew the fastest among Gen Z cardholders in the second quarter of 2023, according to a recent TransUnion survey. Gen Z’s balances increased 51.9%

Supply Chain Planning Software 130

Supply Chain Planning Software Procurement Analytics Predictive Analytics Software Journal 130

GlobalTranz

JANUARY 10, 2017

From artificial intelligence to refocusing on procurement, the state of supply chain continued to explode throughout 2016, and you need to understand why. A 2016 Accenture survey, reports RF Gen , explained how more companies are taking advantage of AI benefits through linked supply chains. The State of Supply Chain 2016 Trends.

Agile and Lean Supply Chain 120

Agile and Lean Supply Chain Manufacturing Procurement Optimal Sourcing Procurement Analytics 120

Enterra Insights

MARCH 13, 2018

Gary Cokins ( @GaryCokins ), founder of Analytics-Based Performance Management LLC, asserts, “Analytics is becoming a competitive edge for organizations. Once being a ‘nice-to-have,’ applying analytics is now becoming mission-critical.”[1] Organizations are drowning in data but starving for information.

Prescriptive Analytics Software 100

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Supply Chain Matters

NOVEMBER 6, 2023

Featured names in this latest edition include Jabil and ProcureAbility , JAGGAER and Trustpair, Coupa and project44 executive hires and a newly issued Biden Administration Executive Order addressing Generative AI technology development and threats. has announced completion of the acquisition of procurement services provider ProcureAbility.

Supply Chain Design Software 52

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Supply Chain Matters

FEBRUARY 19, 2024

Supply Chain Matters highlights report that Volkswagen luxury branded vehicles were impounded by U.S. Background Supply chain ethical and social responsibility, that which umbrellas ESG conformance, have increasingly become a concern for businesses, large and small, along with their procurement organizations.

Manufacturing Procurement 52

Manufacturing Procurement Procurement Analytics Supply Chain Strategy Supply Chain 52

The Logistics & Supply Chain Management Society

FEBRUARY 15, 2021

According to research from McKinsey & Company, the supply chain dimension has the lowest level of digitization (43%) compared to other dimensions, including products and services, marketing and distribution channels, business processes, and new entrants at the ecosystem level. Advanced and predictive analytics.

Supply Chain Planning Software 298

Supply Chain Planning Software Supply Chain Software Prescriptive Analytics Software Predictive Analytics Software 298

Enterra Insights

AUGUST 31, 2023

Fortunately, the deep recession that many economists predicted didn’t emerge. Economics reporter Ann Saphir explains, “Americans borrowed more than ever on their credit cards in the [second quarter of 2023], with balances surpassing $1 trillion for the first time even as overall household debt loads were largely unchanged.

Packaging 246

Packaging New York Procurement Analytics S&OP 246

Enterra Insights

FEBRUARY 21, 2019

There’s no denying the digital path to purchase is becoming more of a consumer highway than a path. A Forrester report predicts, “Fifty-eight percent of U.S. ”[2] Staying informed and remaining proactive means more than reading daily newspapers or industry journals.

Procurement Analytics 100

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Supply Chain Matters

NOVEMBER 2, 2023

After reports last week indicating that Seattle based digital freight start-up services provider Convoy was preparing for a possible sale or winding down of business operations there are indications that freight logistics platform provider Flexport will be the acquirer of Convoy’s underlying technology.

Logistics Network Optimization Software 59

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Supply Chain Shaman

SEPTEMBER 5, 2022

Currently, companies struggle with rolling electric outages in China. Only 7% feel that their company managed disruption well. These teams are also more advanced in the use of planning and more advanced analytics concepts. Wall Street Journal Headline on Retailers Using Containers to Store Excess Inventories. Port Snarls.

Supply Chain Planning Software 235

Supply Chain Planning Software Supply Chain Planning Supply Chain Software Supply Chain Strategy 235

Enterra Insights

APRIL 4, 2024

She explains, “Depending on which statistics you follow, consumers return something like a fifth of all purchases these days. The Returns Challenge Journalist Liz Young reports, “The National Retail Federation estimates more than $100 billion in merchandise was returned fraudulently in the U.S. That amounted to about 13.7%

Price Reduction 100

Price Reduction Supply Chain Strategy Cost Reduction Strategies Inventory Reduction 100

Enterra Insights

JULY 9, 2021

For example, Michael Browne ( @mbtravel ), Executive Editor of Supermarket News , reports, “Panic-driven, stock-up shopping drove massive grocery store visit growth in the first few weeks of March 2020.”[1] According to Hiebert, a study by CB Insights found, “Funding for meal and grocery delivery companies hit $8.6

Procurement Analytics 130

Procurement Analytics Purchasing Skills Price Reduction Food 130

Enterra Insights

DECEMBER 16, 2021

”[1] His prediction proved accurate. Department of Agriculture (USDA) reported, “The food-at-home (grocery store or supermarket food purchases) CPI increased 1.1 ”[2] The USDA went on to predict, “In 2022, food-at-home prices are expected to increase between 1.5 In November, the U.S. ”[6].

Supply Chain Design Software 130

Supply Chain Design Software Predictive Analytics Software Pricing Training Purchasing Skills 130

Unleashed

JUNE 15, 2023

The Cost of Goods Sold formula is: Opening Inventory + Purchases + Production Costs – Closing Inventory = Cost of Goods Sold Below, we explain what the cost of goods sold (COGS) is, why it’s important for product businesses, and how to calculate COGS using the cost of goods sold formula.

Purchasing Skills 52

Purchasing Skills Negotiating Skills Examples Cost Reduction Strategies 52

Resilinc

NOVEMBER 15, 2021

Most supply chain professionals probably consider “cheap steel and aluminum” a good thing: lower raw material costs generally mean lower prices on intermediate materials, parts, and finished goods. And chances are that few in the procurement field have ever given much thought to whether they were sourcing “high-carbon” steel or aluminum.

Purchasing Skills 62

Purchasing Skills Negotiating Skills Procurement Analytics Price Reduction 62

Enterra Insights

MARCH 11, 2021

Long before the pandemic forced shoppers online, the trend was clear: Consumers were increasingly taking the digital path to purchase. Tech-celeration and the digital path to purchase. Media company GroupM’s first-ever ecommerce forecast noted a ‘new plateau for newly accelerated future growth.’ ”[2].

Procurement Solutions 130

Procurement Solutions Omnichannel Forecasting Software Predictive Analytics Software 130

Enterra Insights

MAY 25, 2022

Minkow reports her company’s top ten retailers this year are: Target, Apple Store, Sephora, Home Depot, DSW, Levi Strauss, Nike, Walmart, American Eagle, and Ulta. ” Complicating this challenge is the fact that consumers can easily hop on and off the digital path to purchase. .” ”[4].

Customer Service 130

Customer Service Analytics Software Supply Chain Planning Software Optimization Software 130

Enterra Insights

MAY 6, 2021

Hausman reports that many companies haven’t learned that lesson. So many businesses, especially small companies, find themselves buried underneath a huge mountain of data and they have no idea how to manage it. Descriptive analytics. Descriptive analytics can help discover what happened in the past.

Prescriptive Analytics Software 130

Prescriptive Analytics Software Analytics Software Data Supply Chain Network Software 130

Enterra Insights

OCTOBER 22, 2021

The bane of e-commerce is the large percentage of purchased items that are returned. As noted in the initial installment of this article, Elise Dopson reports, “Data suggests that 20% of online-bought products are returned, compared to just 9% of items bought in a brick-and-mortar store.”[1] Get Consumers to Keep What They Purchase.

Waste Reduction 130

Waste Reduction Cost Reduction Strategies Reverse Logistics Eliminating Excel in Purchasing 130

Precoro

SEPTEMBER 4, 2023

But how can companies unlock this capital? By learning how to calculate it and change it to their advantage, companies can accelerate cash inflow and free up money that would otherwise be tied up in inventory. A well-managed cash conversion cycle contributes to liquidity and enhances a company's financial health.

Optimal Sourcing 59

Optimal Sourcing Negotiate Pricing Inventory Reduction Material Savings 59

Supply Chain Matters

MAY 2, 2023

Latest Development This week, both Bloomberg and The Wall Street Journal are reporting that Foxconn has notified Lordstown Motors that their prior agreement was breached because the stock price of Lordstown had fallen below $1 per share for upwards of 30 days, failing to comply with Nasdaq listing rules.

Manufacturing Procurement 52

Manufacturing Procurement Price Reduction Supply Chain Design Software Expense Reduction 52

Logistics Viewpoints

AUGUST 9, 2021

Amazon appears to be one of the large platform companies in their gun sights. The Amazon supply chain, the recent second quarter report shows, spent over $69 billion on fulfillment and shipping activities. Khan reframed the debate over what kinds of companies should face antitrust suits.

Logistics Network Optimization Software 251

Logistics Network Optimization Software Modeling Software Purchasing Skills Policies 251

Supply Chain Shaman

AUGUST 16, 2015

As an analyst, when technology providers acquire and divest companies, I get invited to pre-announcement conferences. In the period of 2002-present, the company acquired/aggregated many applications. On August 13th, Infor announced the intent to purchase GT Nexus for 675M$. The largest was the purchase of Lawson in 2011 for 2B$.

Prescriptive Analytics Software 150

Prescriptive Analytics Software Supply Chain Network Software Supply Chain Design Software Analytics Software 150

ToolsGroup

AUGUST 12, 2022

With Google reporting that omnichannel shoppers have a lifetime value that is 30% higher than those who only shop via one channel, getting your omnichannel strategy right is critical to creating a customer experience that drives profitability. . Buy online and return in-store (BORIS). Researching products in-store then buying online.

Omnichannel 156

Omnichannel Optimal Sourcing Supply Chain Planning Software Inventory Reduction 156

Enterra Insights

AUGUST 23, 2022

During the height of the pandemic, dire predictions about retail’s future insisted the rise in e-commerce signaled a permanent change in consumer behavior away from in-store shopping. Journalist Amy Sokolow ( @amysokolow ) reports that analysts from Deloitte insist that physical retailers must undergo a “Great Retail Reset.”[3].

Retail 130

Retail Supply Chain Planning Software Predictive Analytics Software Price Reduction 130

Enterra Insights

AUGUST 23, 2022

During the height of the pandemic, dire predictions about retail’s future insisted the rise in e-commerce signaled a permanent change in consumer behavior away from in-store shopping. Journalist Amy Sokolow ( @amysokolow ) reports that analysts from Deloitte insist that physical retailers must undergo a “Great Retail Reset.”[3].

Retail 130

Retail Supply Chain Planning Software Predictive Analytics Software Price Reduction 130

Supply Chain Matters

MARCH 28, 2024

Fisker Obtains Conditional Added Financing Earlier this month we highlighted that electric vehicle company Fisker had issued a going concern warning amid continued production and supply chain challenges. The company reported a cash balance of slightly over $325 million at the end of 2023. billion reported for 2022.

Supply Chain Strategy 52

Supply Chain Strategy Supply Chain Procurement Analytics Supply and Demand 52

Supply Chain Matters

JULY 11, 2023

The Supply Chain Matters blog highlights Rivian Automotive’s reported operational performance in the latest quarter, but at the same time continued challenges in the months to come. More importantly, the company reaffirmed prior guidance indicating that it expects to produce 50,000 vehicles in 2023. and Europe. billion in 2021.

Manufacturing Procurement 52

Manufacturing Procurement Supply Chain Design Software Procurement Analytics Inventory Reduction 52

Enterra Insights

FEBRUARY 8, 2022

Justin Swanson ( @ejsnyt ) reports, “Retail sales in the United States jumped nearly 11 percent this season compared with the holiday period in 2019, the year before the pandemic upended the global economy.”[1] Digital Path to Purchase taken more often. Swanson reports, “Online sales made up 20.9 Journalist E.

Trends 130

Trends Retail Procurement Analytics Procurement Solutions 130

Enterra Insights

DECEMBER 7, 2022

Last December, reporter Jeanna Smialek wrote, “Inflation has become central to the American zeitgeist in 2021 in a way that it hadn’t been for decades.”[1] ” What the authors are trying to explain is how much purchasing power a specific amount of money had relative to today. ” Inflation Explained. ” 3.

Purchasing Skills 130

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Supply Chain Matters

NOVEMBER 3, 2023

This week, global automaker Toyota indicated that the company would nearly double its investment in a planned battery production facility being constructed in the state of North Carolina. The reported strategy is to construct 14 assembly lines that can produce batteries for either hybrid, plug-in hybrid, or fully electric powered vehicles.

Material Savings 52

Material Savings Price Reduction Inventory Reduction Cost Reduction Strategies 52

Enterra Insights

SEPTEMBER 28, 2020

From demand planning to manufacturing to trade promotion optimization, data is essential for almost every aspect of consumer packaged goods (CPG) company operations. … With an ever-complex consumer purchasing path, it can be difficult for a brand to know where exactly to adjust their efforts. Data and advanced analytics.

Data 100

Data Analytics Software Supply Chain Design Software Sourcing Strategies 100

Enterra Insights

APRIL 25, 2023

Journalist Erica Pandey reports, “America wastes more than 100 billion pounds — or 40% — of its food each year.”[1] and China, The Guardian reports. And the average American family spends nearly $1900 a year on food they don’t eat, per one paper in the American Journal of Agricultural Economics.”

Waste Reduction 130

Waste Reduction Food Price Reduction Resource Reduction 130

GlobalTranz

OCTOBER 16, 2018

E-commerce is growing faster than ever, and more consumers are leveraging online platforms in making purchasing decisions. In fact, two-thirds of consumer shopping journeys include internet research, reports McKinsey & Company , as well as word-of-mouth recommendations and past experiences.

Logistics Network Optimization Software 161

Logistics Network Optimization Software Inventory Management Software Analytics Software Supply Chain Software 161

Enterra Insights

MAY 9, 2022

By evaluating where sales are happening based on actual purchase data, we see that omni customers — those who shop with a brand both online and in-store — spend significantly more. Retail and fashion journalist Suzanne Kapner ( @SuzanneKapner ) reports, “Macy’s and Kohl’s Corp. ”[5]. ”[6]. Footnotes. [1]

Omnichannel 130

Omnichannel Retail Purchasing Skills Inventory Reduction 130

Enterra Insights

MARCH 18, 2022

Journalist Suzanne Kapner ( @SuzanneKapner ) reports, “After losing ground to e-commerce, bricks-and-mortar stores are back in style. Retailers this year are expected to open more stores than they close for the first time since 2017, according to an analysis of more than 900 chains by IHL Group, a research and advisory company.

Omnichannel 130

Omnichannel Expense Reduction Cost Reduction Strategies Inventory Reduction 130