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How to Use Data to Fuel Your Retail Reverse Logistics Strategy

GlobalTranz

How often do you think about your retail reverse logistics strategy? It’s easy to assume retail reverse logistics is solely based on returns. While this is partially true, all retail reverse logistics involve a backward flow of products that return to their origin. The Benefits of a Data-Driven Retail Reverse Logistics Strategy.

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Weather Permitting: How to Use Weather Data in Retail Forecasting

ToolsGroup

Retail is detail. And there is a lot of ‘detail’ for retailers to manage and factor into the business every day. Despite knowing all this, too many retailers ignore the impact of weather and this adds error to plans and demand forecasts. How Weather Influences Retail Demand. It all evens out in the end.

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Data Privacy Day 2024

Enterra Insights

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.

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Key Insights from NRF 2024: Navigating the Future of Retail

ToolsGroup

The curtains have closed on the National Retail Federation (NRF) 2024 Retail’s Big Show, and this year’s event has been extraordinary, with a record-breaking attendance of nearly 40,000 participants from around the globe. Inflation, another hurdle on the retail landscape, prompted a shift in focus towards long-term business growth.

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Market Insights Report: Top Trends for 2022 Planning and Beyond

Persisting consumer demand, steep retailer prices, and the driver shortage continue to make headlines every day. However, the data reveals a deeper story. It’s no secret that supply-chain bottlenecks have tightened throughout the pandemic.

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Omnichannel Retailers Leverage Optimization for Order-Promising

Logistics Viewpoints

This meant that retailers were not maximizing their profitability. The problem with the rules that retailers use for omnichannel fulfillment is that they leave money on the table. Machine Learning and Accurate Promising Retailers don’t want to over-promise and under-deliver. That is changing. But there is a cost to this.

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The Changing Landscape of Retail Supply Chains

Enterra Insights

The past few years of turmoil in the retail sector have challenged many professionals. The so-called “retail apocalypse” was deepened by the pandemic, then came inventory overload and inflation. ”[3] Ihnatchyck suggests five other ways AI can benefit retail supply chains. .”[3]

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How to Evolve Your Supply Chain with SAP IBP

Offering end-to-end visibility bolstered by robust data and analytics capabilities, and an intuitive user experience, SAP IBP affords businesses the path to transformation that will radiate from the supply chain across the business.

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Automated Order Processing and Proactive Inventory Management

Speaker: Irina Rosca, Director of Supply Chain Operations, Helix

Organizations need to focus on demand driven supply planning, utilizing real time information on customer orders from all marketplaces (e-commence, Amazon - or other online retailers, and point of sale data from brick and mortar).