ToolsGroup

AUGUST 1, 2022

Retail returns occur when a customer returns the purchased items to a seller in exchange for a refund, store credit, or a similar product. Returns come with plenty of challenges around logistics, inventory, and predicting volatile sales trends. 84% of buyers read the return policy before making an online purchase.

Retail 296

Retail Optimal Sourcing Purchasing Skills Procurement Solutions 296

Supply Chain Shaman

JUNE 7, 2021

Gartner purchased the firm in 2010.) My desire was to make the rankings of the Top 25 supply chain report data-driven based on balance sheet results. I began analyzing correlations of groups of metrics to market capitalization and found that the most significant correlation was between market capitalization and growth.

Gartner 197

Gartner Supply Chain Design Software Supply Chain Planning Software Eliminating Excel in Purchasing 197

EC Sourcing Group

JUNE 8, 2021

Where to Start if You’re New to Procurement Sourcing Solutions. There are many people who are not new to procurement and sourcing and its role in the supply chain but may be new to sourcing solutions and software. Read on to learn how to get started with procurement sourcing solutions and what to look for in software.

Optimal Sourcing 52

Optimal Sourcing Procurement Solutions Procurement Analytics Sourcing Strategies 52

Enterra Insights

NOVEMBER 26, 2019

Not surprisingly, companies that employ advanced analytics to improve decision making and execution have the results to show for it.”. One of the new tools available to decision makers is predictive analytics. Leveraging predictive analytics is as close as business leaders will come to having a crystal ball.

Predictive Analytics 100

Predictive Analytics Predictive Analytics Software Analytics Software Procurement Analytics 100

EC Sourcing Group

DECEMBER 29, 2020

Procurement software covers a lot of bases, and there are many facets to procurement management that could potentially be streamlined and automated if you haven’t done so already. Every procurement and purchasing department is different, and thus, everyone has a different set of needs and standards. Run analytics.

Procurement Solutions 52

Procurement Solutions Inventory Management Software Analytics Software Modeling Software 52

Alloy

FEBRUARY 4, 2024

Get More Out of Your Kroger 84.51° and Market6 Data How Automation and Advanced Metrics You Won’t Get in 84.51° can help you grow your sales at Kroger and avoid inventory headaches. They are all essential parts of Kroger’s analytics capabilities and, if leveraged correctly, can provide crucial insights to improve business operations.

Procurement Analytics 52

Procurement Analytics Analytics Software Optimal Sourcing Forecasting Software 52

Logistics Bureau

APRIL 4, 2022

Improved ability to predict and manage trends: After you’ve spent a while working with freight benchmarks, you’ll get a feel for the directions of seasonal rate fluctuations and other pricing trends. Alternatively, you can procure access to a digital freight benchmarking platform. 3: Choose Your Comparisons Carefully.

Benchmarking 68

Benchmarking Negotiating Skills Logistics Network Optimization Software Purchasing Skills 68

Supply Chain Matters

OCTOBER 28, 2022

In a period where multiple enterprise and specialty software firms are reporting what are perceived to be disappointing or declining profitability, replete with select headcount reductions, SAP SE seems to have countered this trend, reporting better than expected Q3-2022 financial performance. percentage points to 71.7

SAP 52

SAP Procurement Analytics Report Resource Reduction 52

ThroughPut

FEBRUARY 23, 2024

A report by McKinsey shows that early adopters of AI in the supply chain have improved their inventory levels by 35%, reduced logistics costs by 15%, and enhanced service levels by 65%, vis-a-vis competitors who were slow to embrace AI. You can effectively forecast future risks and identify patterns with predictive analytics.

Predictive Analytics Software 59

Predictive Analytics Software Supply Chain Planning Software Optimal Sourcing Predictive Analytics 59

Enterra Insights

APRIL 13, 2023

Although the economy has proved remarkably resilient, there are so many unknowns at play that no one can predict what future economic conditions might be. Having said that, few if any economists are predicting a bright, short-term future. She explains, “There are signs that shoppers may be running out of gas.

Retail 130

Retail Price Reduction Supply Chain Planning Software ToolsGroup 130

Zipline Logistics

JULY 21, 2020

This change is most evident in the shift in retail trends that we have seen since late this winter. percent in a year-over-year comparison , which marks the first annual increase of the pandemic. Caine continued by saying that he expects this trend to continue even as the pandemic wanes. It is how and through which channels.

Trends 52

Trends Retail Manufacturing Procurement Beverage 52

Supply Chain Shaman

OCTOBER 5, 2018

The award, based on beating the industry peer group on rate of improvement on the key metrics of growth, operating margin, inventory turns, and Return on Invested Capital (ROIC) while outperforming their peer group, is tough to achieve. The orbit chart below illustrates L’Oréal’s performance at the intersection of two metrics.

Case Study 254

Case Study Inventory Reduction Agile and Lean Supply Chain Study 254

Supply Chain Shaman

JUNE 21, 2023

Almost two decades of reporting. 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. This trend leads to reactive behavior.

Gartner 346

Gartner Supply Chain Planning Software Supply Chain Design Software Supply Chain Planning 346

Claritum

MAY 12, 2019

Claritum Article - Procurement Blog. Technologies and Procurement Table. There are a lot of articles around on what Procurement needs to do; how Procurement needs to change; and how technology will fundamentally change Procurement. 2 Technologies and Procurement Table. Machine Learning, Cognitive Analytics.

Analytics Software 36

Analytics Software Predictive Analytics Software Modeling Software Supply Chain Network Software 36

Precoro

SEPTEMBER 4, 2023

The cash conversion cycle (CCC), also called the net operating cycle, is a metric used to measure the efficiency of a company's cash management and liquidity. The cash conversion cycle is a significant financial metric for retailers and manufacturing companies involved in buying and managing inventories and selling them to customers.

Optimal Sourcing 59

Optimal Sourcing Negotiate Pricing Inventory Reduction Material Savings 59

Enterra Insights

SEPTEMBER 6, 2018

For example, one often reads about companies collecting an ocean of big data; and, it’s a fitting comparison. Big data is both wide and deep and skimming the surface never provides the insights that can be obtained through advanced analytics. Cognitive computing adds a fourth, more advanced, category — prescriptive analytics.

Prescriptive Analytics Software 100

Prescriptive Analytics Software Data Predictive Analytics Analytics Software 100

Locus

OCTOBER 21, 2022

Between the Covid-19 waves, a trend emerged in the US and the rest of the world that earned the popular name of ‘revenge shopping’. Now almost two years since the black swan event, the trend continues, evolving into much grander, ‘revenge festivities’. rise in comparison to September 2021. billion, which was an 8.2%

Demand Planning Software 52

Demand Planning Software Supply and Demand Retail Supply Chain Planning Software 52

Precoro

JUNE 6, 2022

Suppliers are your go-to for finding raw materials if you are procuring supplies for production. In addition to this, suppliers can often provide you with relevant insider information about the material's market and trends, which will help evaluate the new product's potential and identify potential opportunities. Yes, for sure.

Manufacturing Procurement 98

Manufacturing Procurement Purchasing Skills How To Procurement Solutions 98

DynaSys

MARCH 5, 2019

Sales in mainland China have grown by 18% in 2017 after a two-year crisis that spread doubt in the market (figures reported by Claudia d’Arpizio, partner at Bain). Today, e-commerce represents an annual growth of 20%, and is a preferred method of purchase for consumers. The trend goes and must go to ultra customization!

Agile and Lean Supply Chain 75

Agile and Lean Supply Chain Eliminating Excel in Purchasing United Arab Emirates Trends 75

Logistics Viewpoints

DECEMBER 1, 2022

The only bright note is that shipping costs will be a fraction of what they were over the last several years. Container Import Volume Year-over-Year Comparison. 2023 call: Consumers will focus on home delivery performance and retailers will focus on home delivery cost reduction or recovery. Figure 1: U.S. Somewhat nailed it.

Predictive Analytics Software 199

Predictive Analytics Software Logistics Network Optimization Software Cost Reduction Strategies Resource Reduction 199

GlobalTranz

SEPTEMBER 12, 2018

Brick-and-mortar locations that have not ventured into the realm of e-commerce will falter in comparison to companies that have already embraced e-commerce. WHITE PAPER] The Top Supply Chain Trends that Will Impact Supply Chain Management in 2018. Ship next-business-day as standard shipping for e-commerce purchases.

Resource Reduction 182

Resource Reduction Cost Reduction Strategies Price Reduction Supply Chain Strategy 182

QAD

DECEMBER 5, 2019

Regardless of what laws politicians enact, customers want their purchasing dollars to go to those who behave responsibly. The convergence of low cost sensors with connectivity and big data analytics promises to have such an impact that it’s being called the Fourth Industrial Revolution. Here are three: Industry 4.0.

Manufacturing Procurement 131

Manufacturing Procurement Waste Reduction Innovation Expense Reduction 131

Requis

JANUARY 15, 2021

It’s been invisible because, in supply chain, procurement is sexy. Poor old asset management sounds unheroic by comparison. The fundamental vision behind Requis was to create the ultimate asset management life cycle platform, connecting all supply chain functions, and enabling businesses to procure, manage, and sell assets online.

Asset Management 52

Asset Management Analytics Software Procurement Analytics Demand Planning Software 52

GlobalTranz

SEPTEMBER 26, 2018

Last year, Amazon’s purchase of Whole Foods radically changed how Amazon’s customers viewed the world, and what was once considered unusual has become a standard part of the e-commerce customer’s shopping journey. retail sales could easily trend upward to 20 percent or more.

Shipping 168

Shipping Cost Reduction Strategies Expense Reduction Resource Reduction 168

Vinculum

JULY 6, 2021

Assuming this to be the trend, offering free delivery and free returns has led to increasing online sales. The importance of free returns is highlighted in various reports by giant business retailers. Allowing customers to return products through a variety of routes is also a part of business marketing models.

Inventory Reduction 52

Inventory Reduction Cost Reduction Strategies Modeling Software Procurement Analytics 52

Supply Chain Matters

SEPTEMBER 3, 2022

In our summary and perspectives focused on July 2022 reporting , we opined that July data reinforced a trending toward declining global supply chain production momentum. Morgan Global Manufacturing PMI® report, a composite index produced by J.P. The two recognized PMI reports for U.S. Global Wide Production Activity.

Manufacturing Procurement 59

Manufacturing Procurement South Korea Manufacturing Global 59

Unleashed

DECEMBER 13, 2023

Index figures are calculated from a combination of core performance metrics, including sales performance, purchasing and internal efficiency. Clothing, Footwear, Accessories continues to trend upwards with a health score of 79, although it has dropped from its heights seen in early 2022.

Manufacturing Procurement 52

Manufacturing Procurement New Zealand Manufacturing Beverage 52

Enterra Insights

OCTOBER 14, 2020

He drew that conclusion from recent surveys and an interview with Shalabh Shalabh, Chief Growth Officer at LatentView Analytics. ” Those trends are: 1. “The first [trend],” Shalabh states, “is that a large consumer block is buying the same products but using new channels. Consumers are using new channels.

Purchasing Skills 100

Purchasing Skills Manufacturing Procurement Predictive Analytics Software Modeling 100

Supply Chain Game Changer

AUGUST 13, 2020

Many supply chain, sourcing & procurement teams have been asked to row upstream without a paddle during this time of crisis. An organization with McDonald’s global footprint is likely able to apply global agile procurement frameworks, and solve supply-demand challenges more effectively during abnormal circumstances.

Agile and Lean Supply Chain 121

Agile and Lean Supply Chain Supply Chain Strategy Global Supply Chain Design 121

ThroughPut

JUNE 8, 2021

As a retailer, you can use SKUs to track your inventory and sales, and your SKUs must contain analytical data that can help you develop relationships with your customers and vendors. To put it simply, machine learning uses extensive algorithms to automatically analyze large amounts of data and learn to identify patterns and trends.

Inventory Reduction 98

Inventory Reduction Price Mitigation Strategies Optimization Software Vendor Strategies 98

EazyStock

OCTOBER 10, 2018

Processing a large volume of information the main benefit of big data analytics. The real value businesses receive from big data is the ability to analyze data trends in real-time and accordingly extract critical data for management and operations. The value of big data is how quickly patterns and trends can be identified.

Inventory Management Software 45

Inventory Management Software Big Data Inventory Management Supply Chain Planning Software 45

Unleashed

MAY 4, 2022

Doing this well requires an in-depth understanding of your customers , and this in turn requires investment into data analysis of their shopping habits and broader market trends. Purchases can be made while on the move, on impulse and in response to a particular need at that time.

Inventory Management Software 97

Inventory Management Software Supply Chain Planning Software Supply Chain Design Software Demand Planning Software 97

Zipline Logistics

JANUARY 4, 2022

So, what are the trends currently shaping the market? Shoppers continued to divert spending from experiential purchases to consumer goods, consistently increasing up to the holidays. Shoppers continued to divert spending from experiential purchases to consumer goods, consistently increasing up to the holidays.

Freight 52

Freight Purchasing Skills Procurement Analytics Agile and Lean Supply Chain 52

Unleashed

JUNE 26, 2019

Great business reports need to be clear and well-structured. Before writing your report, you need to be clear on your brief, who the report is being written for and why. Business report structure. Business report structure. Inventory reporting. What action are you asking the reader to take?

Procurement Analytics 63

Procurement Analytics Inventory Management Software Report Inventory Reduction 63

Logistics Bureau

SEPTEMBER 4, 2023

When costs begin to spiral out of control, the result is usually a loss of revenue in proportion to sales. Potential Factors in Declining Margins To get to the root of the problem, understanding the costs of production or purchasing will be a necessary starting point, but typically, more information will be needed.

Negotiating Skills 74

Negotiating Skills Purchasing Skills Cost Reduction Strategies Analysis 74

ThroughPut

JUNE 8, 2021

As a retailer, you can use SKUs to track your inventory and sales, and your SKUs must contain analytical data that can help you develop relationships with your customers and vendors. To put it simply, machine learning uses extensive algorithms to automatically analyze large amounts of data and learn to identify patterns and trends.

Inventory Reduction 52

Inventory Reduction Price Mitigation Strategies Optimization Software Vendor Strategies 52

Zipline Logistics

DECEMBER 22, 2020

percent reporting LTL transit times had been extended by one or two days, and another 16.4 Lead time typically refers to the total time needed from purchase order origination to delivery to a customer. For best logistics outcomes, shippers should look to arrange transportation as soon as possible following a completed purchase order.

Freight 52

Freight Cost Reduction Strategies Shipping Price Reduction 52