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What is Lean Retail (+ Why Retailers Must Embrace It)

ToolsGroup

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. How lean retail impacts business goals and revenue targets.

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The Forecasting Accuracy Bugaboo

Logistics Viewpoints

Demand forecasting is the process of making future estimations of how much of a given product will sell by location and time period. Organizations then convert those demand forecasts to the associated quantities of raw materials to purchase, goods to be manufactured, or finished products to ship.

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Surviving an Economic Downturn in the Retail Sector

Enterra Insights

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. .”[3]

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How to Get a Job in the Supply Chain Sector

Logistics Bureau

It touches many departments, from production, procurement, shipping, accounting, and finance to marketing, warehousing, research and development, and sales. Supply chain management is increasingly making an impact on the overall functioning of the business and influencing C-suite decisions.

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Do You Want to Sell on Amazon.com? Their Cyber Bots Demand Strong Fulfillment Performance

Logistics Viewpoints

Half of those ecommerce orders are fulfilled using drop shipping. The solution uses machine learning, analytics, and automation to drive purchasing. In some cases, the e-tailer site is reporting a stock out when that is not the case at all. Even with the ad buy, it generally takes five days to get back to page one.

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Will the Downturn Signal an Upturn?

Supply Chain Shaman

Many organizations will play the shell game of reporting forecast error so that the numbers look better: either calculating the forecast at a higher level in the forecast hierarchy (not at the item level) or reporting the data as a Weighted Mean Absolute Error. This gives supply chain leaders a false sense of security.

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Demand Sensing for your Supply Chain – Turn insights into actions!

ThroughPut

A recent study compiled by Deloitte reveals that those companies that were best equipped to respond to the disruption driven by the pandemic had strong relationships with their suppliers and the necessary analytical tools that helped with visibility into their broader supply networks. Do It Right With ThroughPut’s Demand Sensing solution.