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Four Ways of Using Cluster Analysis in Retail Management to Improve Sales

Logistics Viewpoints

The retail industry is rich with data. Four Ways of Using Cluster Analysis in Retail. Retailers can apply cluster analysis techniques in different ways to find groups of customers, products, stores, or suppliers that behave similarly. However, using metrics that can be easily tracked and updated is recommended.

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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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Supply Chain Planning – A Market Viewpoint

Logistics Viewpoints

ARC defines supply chain planning (SCP) products as including supply planning, demand planning/inventory optimization, and network planning. Network planning solutions include supply chain design, integrated business planning, and end-to-end supply chain analytics. This would be a three-way tradeoff.

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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 Software – Top 3 Demand Forecasting Mistakes to Avoid

Logility

Top 3 Demand Forecasting Mistakes —How To Avoid Them with Demand planning software Demand forecasting is a critical facet of successful business operations, acting as the helm guiding companies through the rocks hiding beneath the water of market demands. Neglecting these can distort your forecast.

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Toilet Paper Shortages, Empty Shelves, and Panic Buying: Just How Bad Did the Grocery Supply Chain Perform in 2020?

Logistics Viewpoints

They can then use the data to provide an apples-to-apples benchmark on a variety of innovative supply chain metrics applicable to the grocery supply chain. During the early months of the pandemic, demand planning error jumped to 59%, up 14% from the pre-pandemic error rate of 45%. Forecasting Accuracy Was Terrible .

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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. When it comes to external variables, nothing is more consistently and directly impactful on demand than the weather. How Weather Influences Retail Demand. It all evens out in the end.