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Top 6 Retail Trends & Supply Chain Planning Challenges in 2023

Logistics Viewpoints

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.

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A New Decade: Give Science A Chance

Supply Chain Shaman

So to put the team at ease, I spoke, “Let’s test your demand planning model to see if you can be successful with your current approach.” The Company’s demand planning group was in finance, and the group had little knowledge of the difference between supply chain and financial forecasting.

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Demand Planning. When The Answer To Two Simple Questions Is Not So Simple.

Supply Chain Shaman

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. Starting to understand the issue with multi-tier demand planning?

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Study Shows Two-Thirds of Companies Yet to Execute Digital Transformation in Supply Chain Planning

ToolsGroup

Additionally, 54% are seeking improved service levels in the coming year, and only 14% have a machine learning project underway, meaning for many AI-augmented planning is still more hype than adoption. Because digital transformation can involve selecting and implementing several different solutions, the early stages are often protracted.

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Walmart Supply Chain: Building a Successful Integrated Supply Chain for Sustainable Competitive Advantage

SCMDOJO

In this context, Walmart, the world’s largest retailer, has demonstrated a highly successful and integrated Walmart supply chain, propelling its growth and dominance in the retail industry. By employing these technologies, Walmart gains valuable insights into customer buying behavior, sales trends, and inventory levels.

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What Makes a Mature Planning Organization? (Part 2)

Supply Chain Shaman

With the shift of power to the retailer, both have had to add headcount to manage the increased demands for sales to staff account-specific teams to better manage against retailer expectations. General Mills is much better at planning than Kellogg. Tactical Planning: This process is usually monthly.

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Supply Chain Collaboration – The New Way to Drive Value!

Supply Chain Game Changer

With pricing under pressure from recession-scarred consumers, the temptation for retailers is to transfer the pain upstream to their suppliers by passing on price reductions and forcing them to bear an increasing share of costs. In practice, the most successful collaborations build on strengths rather than compensating for weaknesses.