Logistics Viewpoints

DECEMBER 15, 2022

quintillion bytes of data every day. Cluster analysis is a statistical umbrella term for methods that classify data points according to their attributes. Cluster analysis is a statistical umbrella term for methods that classify data points according to their attributes. The retail industry is rich with data.

Optimal Sourcing 193

Optimal Sourcing Analysis Procurement Analytics Purchasing Skills 193

Logistics Viewpoints

JUNE 1, 2023

Retailers know firsthand how quickly the market can change. That’s why staying on top of the latest supply chain planning trends is so important – they can make all the difference when it comes to staying competitive, reducing costs, and meeting your customers’ needs.

Supply Chain Planning Software 193

Supply Chain Planning Software Supply Chain Design Software Supply Chain Planning Supply Chain Software 193

crisp

APRIL 25, 2024

General Mills reported that ongoing value-seeking behaviors from consumers is influencing both the channels they shop and basket sizes, creating headwinds to the company’s margins. Kraft Heinz’s data concurs and suggests regardless of income, consumers are seeking value and are finding it at places like dollar stores and club stores.

Demand Planning Software 52

Demand Planning Software Supply Chain Planning Software Supply Chain Design Software Sourcing Strategies 52

ivalua

OCTOBER 8, 2021

Retailers have faced a tough year in the last 12-18 months, and while recovery seems to be in progress, they still have some work to do. During the pandemic, Procurement flexed its muscle, helping to mitigate supply chain disruptions and enable new channels for engaging with customers and fulfilling orders. Decentralize Procurement.

Optimal Sourcing 130

Optimal Sourcing Material Savings Procurement Analytics Procurement Solutions 130

GlobalTranz

AUGUST 20, 2018

Data analytics can be applied to virtually any supply chain process, and analytics hold great value in managing retail supply chains. Retail supply chains have the added complications of needing to offer both in-store and online customer experiences, and they must continue to try to beat Amazonian prices.

Analytics Software 122

Analytics Software Procurement Analytics Analytics Supply Chain Design Software 122

Enterra Insights

JANUARY 25, 2024

Data privacy is a big deal. We sit on the cusp of a new business era driven by artificial intelligence (AI); however, without data AI doesn’t work. That’s why there is a growing tension between data availability and data protection. Two years later, Data Privacy Day was observed in the United States.

Data 130

Data Modeling Software Supply Chain Design Software Analytics Software 130

Enterra Insights

MAY 26, 2022

Although retailers still talk about the digital path to purchase as an alternative to the traditional shopping journey, the lines between paths to purchase have blurred. Nevertheless, they are having to adjust to the fact that customers are now more in charge of their purchasing journey. ”[2].

Procurement Solutions 130

Procurement Solutions Procurement Analytics Manufacturing Procurement Predictive Analytics Software 130

ToolsGroup

DECEMBER 16, 2021

With the advent of globalization, the Internet, and more recently, the proliferation of mobile technology into every aspect of our lives, there has been a remarkable shift in the world of retail from a product-centric to customer-centric model. What is Lean Retail? The impact of lean retail on supply chain management.

Agile and Lean Supply Chain 156

Agile and Lean Supply Chain Lean Retail Supply Chain Planning Software 156

ShipBob

FEBRUARY 3, 2023

As a retailer, so much of your time and energy goes into managing your inventory , streamlining your logistics, building partnerships, and curating the customer experience. To find out, you’ll need to track Key performance Indicators, or KPIs, for your retail business. What is a retail KPI? Why are retail metrics important?

Procurement Analytics 52

Procurement Analytics Metrics Retail Inventory Reduction 52

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. ”[2] Nevertheless, she observes, “Retailers are more on edge.”

Retail 130

Retail Price Reduction Supply Chain Planning Software ToolsGroup 130

ToolsGroup

AUGUST 12, 2022

In a world where customer expectations are higher (some food delivery services actually put the groceries right into your fridge), and where customers select retailers based on products being in stock and reliability of delivery, optimizing the customer experience is a must to stay on top. . What is the Omnichannel Retail Experience?

Omnichannel 156

Omnichannel Optimal Sourcing Supply Chain Planning Software Inventory Reduction 156

Unleashed

FEBRUARY 29, 2024

Retail software is a range of technological solutions that can help retailers improve customer satisfaction, profitability, efficiency, and productivity by streamlining manual tasks. Retail software automates critical business processes in a way that traditional systems cannot. What is retail software?

Prescriptive Analytics Software 52

Prescriptive Analytics Software Inventory Management Software Analytics Software Supply Chain Planning Software 52

ShipBob

APRIL 15, 2024

That’s why you need to closely measure metrics such as gross margin return on investment (GMROI). In this post, we’ll cover what GMROI is and why it’s important for your retail inventory management. Gross margin return on investment, or GMROI, is a measure of inventory profitability in the retail industry.

Inventory Reduction 52

Inventory Reduction Material Savings Price Reduction Cost Reduction Strategies 52

Synovos

APRIL 2, 2024

What is MRO procurement? Understand MRO procurement and your bottom line will benefit. Here we explore why the MRO supply chain is so significant and how better management of the entire MRO purchasing process can drive valuable cost savings and efficiency gains. Why is handling MRO procurement so costly?

Optimal Sourcing 52

Optimal Sourcing Procurement Solutions Manufacturing Procurement Procurement Analytics 52

Enterra Insights

JANUARY 9, 2023

This is the conundrum faced by retailers as they enter the new year. Jocz noted, “Purchases depend on consumers’ having disposable income, feeling confident about their future, trusting in business and the economy, and embracing lifestyles and values that encourage consumption. 2023 Retail Trends. ”[1]. .

Trends 130

Trends Retail Predictive Analytics Software Omnichannel 130

Enterra Insights

DECEMBER 19, 2023

The retail sector continues to endure tectonic shifts as business landscapes and consumer behaviors change. First, there was the so-called “retail apocalypse,” then came the pandemic, which was followed by inventory challenges, inflation, and an economic slowdown. Changing consumer behavior is hard to gauge.

Optimal Sourcing 130

Optimal Sourcing Supply Chain Planning Software Supply Chain Software Optimization Software 130

crisp

JANUARY 24, 2024

Discover how Walmart’s Luminate Charter plan is revolutionizing retail data analytics with these five essential reports for suppliers. One of the biggest events in retail in 2023 was the launch of Walmart Luminate , a data platform offering suppliers more visibility and data access than ever before.

Procurement Analytics 52

Procurement Analytics Inventory Reduction Report Price Reduction 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. Doing so requires access to a vast set of data to understand your current sales and inventory positions, however.

Procurement Analytics 52

Procurement Analytics Analytics Software Optimal Sourcing Forecasting Software 52

ToolsGroup

OCTOBER 3, 2022

Retail workers are at the heart of the economy, making the continued retail labor shortage a top challenge for retailers–one that appears here to stay. Get the real story on today’s retail worker shortage, as we break down: Retail Labor Shortage Statistics. The Need for Corporate Retail Talent.

Optimal Sourcing 156

Optimal Sourcing Retail Purchasing Skills Inventory Reduction 156

ToolsGroup

FEBRUARY 7, 2022

The wonderful world of retail. The Retail Trends Shaping How We Shop in 2022. From a digitally-transformed shopping experience to global supply chain disruptions and a pandemic that refuses to quit, there’s one thing retailers can count on: People are always going to shop. Data source: eMarketer.

Supply Chain Planning Software 177

Supply Chain Planning Software Trends Retail Forecasting Software 177

Enterra Insights

FEBRUARY 8, 2022

These were supposed to be dire days for retail. The so-called retail apocalypse witnessed a record number of store closings over the past few years and the pandemic exacerbated the situation. Not surprisingly, both retailers and consumers adapted to these new realities. Retail Trends. Journalist E. ”[5].

Trends 130

Trends Retail Procurement Analytics Procurement Solutions 130

ToolsGroup

DECEMBER 11, 2023

How closely should you look at your data to maximize returns? In the age of big data, the challenge is no longer accessing enough data; the challenge is figuring out the right data to use. In a past article , I focused on the value of alternative data, which is a vital business asset.

Purchasing Skills 156

Purchasing Skills Optimal Sourcing Data Modeling 156

crisp

SEPTEMBER 22, 2023

Crisp helps CPGs on Google Cloud leverage daily retail data to make smarter supply chain and merchandising decisions, all while optimizing their cloud investment. With Google Marketplace, cloud customers can also easily find and subscribe to data sets from a variety of sources and deliver them seamlessly to their data warehouse.

Optimal Sourcing 52

Optimal Sourcing Inventory Reduction Waste Reduction Vendor Strategies 52

crisp

MARCH 24, 2022

We surveyed CPG teams using Crisp (and consulted our in-house product expert) for tips on data-driven retail marketing that makes a measurable impact. The problem is, easily accessing this data within a reasonable timeframe hasn’t always been easy. Brands have worked to fill the data-marketing gap in different ways.

Retail 98

Retail Data How To Supply Chain Planning Software 98

Enterra Insights

JANUARY 6, 2022

In the years leading up to the Covid-19 pandemic, the most discussed topic in the retail sector was the Retail Apocalypse. A combination of the rise of e-commerce, overbuilding of stores, and too much debt-load resulted in thousands of physical retail locations going out of business. and Wayfair Inc.

Optimal Sourcing 173

Optimal Sourcing Retail Optimization Software Analytics Software 173

GlobalTranz

JUNE 14, 2017

There is no easy way to say it; single-channel retail is dead. The answer lies using these omnichannel supply chain metrics to carefully track and improve operations continuously. This is a simple key performance indicator (KPI), another name for metrics, to track. Other Critical OmniChannel Supply Chain Metrics to Track.

Procurement Analytics 191

Procurement Analytics Omnichannel Metrics Supply Chain Design Software 191

Logistics Viewpoints

DECEMBER 14, 2021

According to OECD, during the pandemic, brick-and-mortar retail services such as food services saw 7.7% drop in sales while non-store retailers (mostly E-Commerce providers) achieved 14.8% It is now possible for Q-commerce companies or retailers to use this model. increase with their sales in the U.S. Route Optimization.

Supply Chain Planning Software 193

Supply Chain Planning Software Forecasting Software Supply Chain Design Software Optimization Software 193

Supply Chain Shaman

JANUARY 2, 2023

The question was, “How can I redefine demand planning processes to use channel data?” The Company focused primarily on retail planning and wanted to extend its capabilities into a consumer products manufacturing solutions offering. Models Matter. Technology modeling capabilities are changing. Be careful.

Supply and Demand 358

Supply and Demand Modeling Demand Planning Supply Chain Planning Software 358

ThroughPut

DECEMBER 8, 2023

If there’s any piece of technology or analytics that can help with the most advanced data-driven decision-making in the supply chain right now, that’s prescriptive analytics. It is the most promising form of analytics in the market currently. What Is Prescriptive Analytics in Supply Chain?

Prescriptive Analytics Software 52

Prescriptive Analytics Software Optimal Sourcing Modeling Procurement Analytics 52

Supply Chain Shaman

JULY 23, 2023

I never republished the report, because not enough has changed to warrant it.) The report centers on the concept of moving from inside-out to outside-in technologies. The evolution of planning moves from a focus on the enterprise to an adaptive platform that senses and responds based on market data.

Supply Chain Planning Software 330

Supply Chain Planning Software Supply Chain Planning Scenario Planning Modeling 330

Enterra Insights

APRIL 2, 2024

The checkout kiosks bleat and flash when you fail to set a purchase down in the right spot. On the other hand, you (and/or less honest customers) are the retailer’s problem. The Extent of the Problem Some people deliberately fail to scan all the items believing they deserve a tip for being an unpaid employee of the retailer.

Security 246

Security Inventory Reduction Cost Reduction Strategies Procurement Analytics 246

SCMDOJO

APRIL 26, 2023

Category management is a procurement strategy that involves grouping similar products or services together into categories and managing them as a single unit. This approach can help organizations streamline their procurement processes, negotiate better deals with suppliers, and ultimately save money.

Procurement Solutions 76

Procurement Solutions Manufacturing Procurement Procurement Analytics Optimal Sourcing 76

Logistics Viewpoints

FEBRUARY 5, 2024

This was announced on the Retail Link portal for suppliers on January 30 th. Walmart is not the only big retailer with OTIF requirements, but as the world’s largest retailer, and a company with stringent requirements , Walmart’s OTIF requirements are top of mind for consumer goods companies.

Shipping 243

Shipping Real-time Visibility Supply Chain Design Software Supply Chain Planning Software 243

ThroughPut

MARCH 27, 2024

The Evolution of Retail Supply Chain & Logistics: A Pre-AI Overview In the pre-AI era, the retail sector was markedly different, especially since the traditional supply chain and logistics models were largely driven by manual labor. Every decision was based on data generated and analyzed by humans.

Case Study 52

Case Study Waste Reduction Inventory Reduction Price Reduction 52

Enterra Insights

NOVEMBER 4, 2020

Even before the coronavirus pandemic closed physical stores and forced consumers online, they were journeying on the digital path to purchase in increasing numbers. ”[1] As a result of increased digital-path-to-purchase activity, online marketplaces have flourished. . Predicting Trends. … In the U.S., ”[2].

Procurement Analytics 100

Procurement Analytics Purchasing Skills Procurement Solutions Analytics Software 100

Supply Chain Matters

JANUARY 18, 2024

Supply Chain Matters highlights the latest report indicating both U.S. holiday period and full year retail sales in 2023. The National Retail Federation (NRF), in conjunction with its annual conference held this week, reported 2023 holiday sales based on U.S. Census Bureau data. Commerce Department Data The U.S.

Forecasting 52

Forecasting Procurement Analytics Report Retail 52

Supply Chain Shaman

SEPTEMBER 22, 2021

As Allyson presented her story of working for multiple consumer products companies, with very advanced technologies (demand sensing, advanced automation of forecasting, data lakes and descriptive analytics), she spoke of why at the end of the day, the most important technology that she uses is Excel. ” Her answer was telling.

Optimal Sourcing 217

Optimal Sourcing Analytics Software Procurement Analytics Supply Chain Planning Software 217