Precoro

MARCH 31, 2023

March 21 was the second annual iteration of World Sustainable Procurement Day , an online event organized by the Sustainable Procurement Pledge team, SPP Chapters, SPP Champions, and partners to raise awareness about the importance of ethical procurement and to share the best sustainability practices with organizations worldwide.

Optimal Sourcing 52

Optimal Sourcing Procurement Analytics Manufacturing Procurement Procurement Solutions 52

Enterra Insights

MAY 16, 2023

” A McKinsey survey found, “Seventy-four percent of survey respondents say they’re trading down. Across categories — but particularly in footwear, groceries, home improvement, and apparel — more lower-income consumers say they delayed purchases than those with higher incomes. ” Consumers are still spending.

Analytics Software 130

Analytics Software Supply Chain Design Software Procurement Analytics Procurement Solutions 130

Enterra Insights

JUNE 27, 2022

Department of Agriculture (USDA) has raised its 2022 food inflation forecasts again reports Jim Wiesemeyer ( @Jim_Wiesemeyer ).[1] 1] This means today’s grocery food price hikes are the highest in 42 Years. ”[2] Their research found, “Consumer prices for food, personal care, and household items are up 13.9%

Price Reduction 130

Price Reduction Purchasing Skills Manufacturing Procurement Food 130

Logility

JANUARY 25, 2022

ATLANTA – January 25, 2022 – According to PWC’s December 2021 Global Consumer Insights Pulse Survey , about half of respondents consciously consider factors related to sustainability when making purchasing decisions. s current Form 10-K and other reports and documents subsequently filed with the SEC. Logility, Inc.,

Supply Chain Planning Software 204

Supply Chain Planning Software Supply Chain Design Software Logility Supply Chain Network Software 204

Enterra Insights

OCTOBER 19, 2023

… This shifting definition comes at a time when high inflation has posed financial constraints on shoppers, forcing many to be more prudent with how they spend their food dollars.” ” Moran reports that research by FMI, The Food Industry Association, agrees with PYMNTS research.

Price Reduction 130

Price Reduction Purchasing Skills Waste Reduction Procurement Analytics 130

Logistics Viewpoints

APRIL 7, 2023

According to the annual survey released by the National Retail Federation’s (NRF) and Prosper Insights & Analytics, consumers plan to spend a collective $24 billion on Easter this year, up from $20.8 billion) and food ($7.3 It’s also taking action against those caught selling them, according to the report.

Logistics Network Optimization Software 186

Logistics Network Optimization Software Supply Chain Planning Software Supply Chain Design Software Demand Planning Software 186

Logistics Viewpoints

AUGUST 18, 2021

Census Bureau announced the advance monthly sales for retail and food services sales for July. Meanwhile, all items, less food and energy (aka “core inflation”) was up 4.3 However, the CPI report did state, “ the index for used cars and trucks rose 0.2 This Summer’s Sales, Prices, and Supply Chain Performance.

Supply Chain Disruption 316

Supply Chain Disruption Manufacturing Procurement Supply Chain Purchasing Skills 316

Unleashed

FEBRUARY 15, 2021

From the continuing impact of the global pandemic to the ever-increasing importance of ‘transparency technology’ and sustainable practices, the food industry has its work cut out for it in 2021. It’s become even more important that businesses navigate multiple supply chains with food manufacturing software.

Food 93

Food Trends Industrial Industry 93

Enterra Insights

MARCH 30, 2022

As a result, there are few relationships more important for the well-being of modern humans than the one between consumers and the grocery stores from which they obtain their food. Prior to the pandemic, few of us gave much thought to this relationship. Grocery stores were open and shelves were well-stocked. And who are they choosing?

Trends 130

Trends Procurement Analytics Inventory Reduction Cost Reduction Strategies 130

RFgen

AUGUST 7, 2022

Overview: Food Traceability Is a Growing Compliance Challenge. Calculating the Cost of a Food Recall. Additional Food Traceability Resources. Food and Drug Administration (FDA) first exercised new powers granted under the Food Safety Modernization Act (FSMA) to shut down processing at the Sunland Inc.

Food 52

Food Supply Chain Design Software Supply Chain Software Manufacturing Procurement 52

The Logistics & Supply Chain Management Society

SEPTEMBER 14, 2023

In a recent survey by the Shippers Council the top two benefits to organizations of having visibility are to mitigate risk of disruption (73%) and increase customer satisfaction (62%). Supply chain managers require visibility to track the necessary components from a purchase order for production or to fulfill a customer order.

Rail Software 244

Rail Software Real-time Visibility Supply Chain Planning Software Predictive Analytics Software 244

GlobalTranz

APRIL 6, 2021

But the rapid shift from retail to online purchasing for staples and the surge for protective equipment, as well as unanticipated products like bread makers and home-schooling items, left many retailers flatfooted. COVID-19 triggered an unprecedented surge in panic buying of food, beverages, hand sanitizer, toilet paper, and other essentials.

Supply Chain Planning Software 189

Supply Chain Planning Software Supply Chain Software Supply Chain Planning Supply Chain 189

GlobalTranz

JANUARY 10, 2017

From artificial intelligence to refocusing on procurement, the state of supply chain continued to explode throughout 2016, and you need to understand why. A 2016 Accenture survey, reports RF Gen , explained how more companies are taking advantage of AI benefits through linked supply chains. The State of Supply Chain 2016 Trends.

Agile and Lean Supply Chain 120

Agile and Lean Supply Chain Manufacturing Procurement Optimal Sourcing Procurement Analytics 120

Enterra Insights

DECEMBER 16, 2021

One of the least welcome consequences of supply chain snarls and labor shortages is rising inflation — and the food industry has been impacted like every other economic sector. Food prices have been on the rise for months. ”[1] His prediction proved accurate. ” At the moment, that prediction appears optimistic.

Supply Chain Design Software 130

Supply Chain Design Software Predictive Analytics Software Pricing Training Purchasing Skills 130

Zipline Logistics

DECEMBER 1, 2020

Since much of the previous year in business and elsewhere was defined by a global pandemic, we are left asking what will 2021 look like for food and beverage shippers. Food trends had an interesting 12 months as things changed quite a bit throughout the course of COVID-19. Plant Products Continue Food Trend Prevalence .

Food 52

Food Trends Manufacturing Procurement Procurement Analytics 52

Enterra Insights

AUGUST 19, 2022

Some of shoppers had their online purchases delivered to their homes while others opted to pick-up their orders curbside. ”[1] He also reported that curbside pick-up was gaining traction with online shoppers while home delivery was plateauing. Wells reports, “Online grocery sales in the U.S. year over year.[2]

Security 130

Security Manufacturing Procurement Purchasing Skills Procurement Analytics 130

Enterra Insights

AUGUST 19, 2022

Some of shoppers had their online purchases delivered to their homes while others opted to pick-up their orders curbside. ”[1] He also reported that curbside pick-up was gaining traction with online shoppers while home delivery was plateauing. Wells reports, “Online grocery sales in the U.S. year over year.[2]

Security 130

Security Manufacturing Procurement Purchasing Skills Procurement Analytics 130

DELMIA Quintiq

NOVEMBER 11, 2020

Shifts in food manufacturing often mirror consumer trends, but they typically reflect technological advancements, too. Using Freshness Sensors for Food Packaging. Unfortunately, that method often leads to food waste because people throw away things that are still okay to consume, but are out of date. from 2021-2027.

Manufacturing Procurement 334

Manufacturing Procurement Food Manufacturing Eliminating Excel in Purchasing 334

The Logistics & Supply Chain Management Society

JULY 16, 2023

Marco Tieman , Chief Executive Officer at LBB International Background According to the 2022 State of The Global Islamic Economy Report, the global Islamic economy is an estimated USD 2 trillion industry consisting of the following key industries: halal food, modest fashion, media & recreation, travel, pharma, and cosmetics.

Risk Management 130

Risk Management Supply Chain Design Software Supply Chain Planning Software Pharmaceutical 130

Enterra Insights

APRIL 4, 2024

She explains, “Depending on which statistics you follow, consumers return something like a fifth of all purchases these days. The Returns Challenge Journalist Liz Young reports, “The National Retail Federation estimates more than $100 billion in merchandise was returned fraudulently in the U.S. That amounted to about 13.7%

Price Reduction 100

Price Reduction Supply Chain Strategy Cost Reduction Strategies Inventory Reduction 100

The Logistics & Supply Chain Management Society

FEBRUARY 15, 2021

Manufacturers can gather valuable granular data such as the time an item spent in storage, at what temperature, how long it took to sell, the length of time between purchase and fulfillment and how long it spent in transport. Advanced and predictive analytics. Predictive analytics has many use cases in the supply chain.

Supply Chain Planning Software 298

Supply Chain Planning Software Supply Chain Software Prescriptive Analytics Software Predictive Analytics Software 298

Alloy

OCTOBER 3, 2023

An Introduction to Walmart Luminate Listen to the full episode of the Shelf Life Podcast on Walmart Luminate Walmart Luminate is the retailer’s new data, analytics and reporting tool for suppliers — and it represents a massive step forward in retailer-supplier collaboration. Why Luminate?

Procurement Analytics 52

Procurement Analytics Analytics Software Forecasting Software Predictive Analytics Software 52

Logistics Viewpoints

APRIL 21, 2022

Earlier in 2022, we conducted a survey of 8,000 consumers across North America and Europe to get a better sense of their ecommerce experience and how they were reacting to retailer performance. On one hand, consumers expect to increase their online purchases post-pandemic. The results of the research are a good news, bad news story.

Optimal Sourcing 209

Optimal Sourcing Eliminating Excel in Purchasing Purchasing Skills Sourcing Strategies 209

Supply Chain Shaman

FEBRUARY 27, 2020

Each survey that I do comes back with data as a major challenge. How do we harness the power of data with new forms of analytics? Today, technology providers are selling analytics. I think one of the huge problems is that US-centric food companies (Kellogg, General Mills, Smucker’s, Conagra etc.) S&OP Challenges.

Analytics Software 238

Analytics Software Supply Chain Planning Software Supply Chain Design Software Optimal Sourcing 238

USC Consulting Group

JUNE 3, 2020

This includes food and beverage suppliers, packers, and manufacturers. Indeed, the pandemic and resulting economic downturn have impacted several major organizations, and as a result, led to a domino effect resulting in back orders and food shortages. “The food and beverage industry is ramping up efforts to adjust and adapt.”

Inventory Reduction 64

Inventory Reduction Sourcing Strategies Material Savings Beverage 64

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. She explains, “There are signs that shoppers may be running out of gas. .”

Retail 130

Retail Price Reduction Supply Chain Planning Software ToolsGroup 130

Enterra Insights

JANUARY 14, 2022

Michael Baudendistel ( @FWavesRail ), an analyst and Market Expert at FreightWaves, reports, “There were some interesting, if perhaps intuitive, highlights from the latest University of Michigan Surveys of Consumers. Taking the Digital Path to Purchase. ”[3]. Stable Consumer Behaviors.

Manufacturing Procurement 130

Manufacturing Procurement Supply Chain Planning Software Packaging Supply and Demand 130

Logistics Viewpoints

OCTOBER 7, 2022

Earlier this week, I read a sobering report from the national Retail Federation (NRF) regarding shrink. The recently released National Retail Security Survey shows that total shrink in 2021 reported by retailers is now almost a $100 billion problem. Most reported in-store, e-commerce, and omni-channel fraud are all on the rise.

Logistics Network Optimization Software 185

Logistics Network Optimization Software Real Estate New York Logistics 185

Supply Chain Matters

MARCH 25, 2024

Our Supply Chain Matters commentary highlighting NRF’s initial report actual 2023 holiday period sales indicated that core retail sales during the 2023 holiday season rose 3.8 That stated, executives pointed to recent survey data reinforcing that upwards of 50 percent of U.S. The 2024 forecast compares to the sales growth of $5.1

Forecasting 52

Forecasting Forecasting Software Retail Procurement Analytics 52

Enterra Insights

AUGUST 13, 2019

Long before there was anything labeled the digital path to purchase, legendary retailer Sam Walton stated, “There is only one boss. Today, people are no longer following a linear path from awareness to consideration to purchase. The customer. They are narrowing and broadening their consideration set in unique and unpredictable moments.

Manufacturing Procurement 100

Manufacturing Procurement Purchasing Skills Procurement Solutions Procurement Analytics 100

Unleashed

JANUARY 29, 2024

A food and beverage company decides to streamline its product portfolio, based on the nutritional value and environmental impact of its products. It helps to reduce your inventory costs , improve operational efficiencies, enhance customer experience, and increase your sales and profit margins. Reduced storage and supplier costs.

Inventory Reduction 52

Inventory Reduction Cost Reduction Strategies Waste Reduction Resource Reduction 52

Enterra Insights

FEBRUARY 15, 2022

Grocery industry journalist Sam Silverstein ( @SilversteinSam ) reports, “Shoppers expect to spend an average of $611 per month on groceries [in 2022], an increase of about $79, or nearly 15%, over their projected food budgets for 2021, according to a consumer survey conducted by accounting firm KPMG.”[3] New Store Models.

Trends 130

Trends Predictive Analytics Software Modeling Software Supply Chain Planning Software 130

Enterra Insights

JULY 12, 2022

Food writer Simon Harvey ( @SidflashHarvey ) believes things are only going to get worse before they get better. He predicts, “Decades-high inflation rates in the western world are likely to get worse before they peak, presenting operational challenges right across the supply chain.”[1] ”[6]. ”[7].

Modeling 130

Modeling Predictive Analytics Software Optimization Modeling Predictive Analytics 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. . Buy online and return in-store (BORIS).

Omnichannel 156

Omnichannel Optimal Sourcing Supply Chain Planning Software Inventory Reduction 156

ToolsGroup

SEPTEMBER 22, 2020

Surveys have shown that consumers are 71% more likely to make a purchase based on social media referrals, and 47% of millennials’ purchases are influenced by social media1. Add to that the dizzying pace at which new products and trends are promoted and spread online and via social media. retail stores.

Supply and Demand 156

Supply and Demand Gartner Supply Chain Design Software Supply Chain Planning Software 156

Supply Chain Game Changer

NOVEMBER 11, 2018

Check out What Exactly Is Procurement? And What is Purchasing? Kodiak Rating’s CTO was recently in attendance at a Procurement Leaders event held in London, titled DITx?—?Data Hearing the summarization wasn’t much of a shock, but rather an affirmation of the on-going transformation occurring within procurement teams.

Procurement Solutions 54

Procurement Solutions Procurement Analytics Optimal Sourcing Procurement 54

Enterra Insights

AUGUST 28, 2020

The pandemic forced consumers, in many cases, to buy products online they would normally have purchased in brick-and-mortar stores. 7,000 consumers were surveyed in total across Europe and the US. 7,000 consumers were surveyed in total across Europe and the US. ”[2]. In the U.S., ”[6]. In the U.S., ”[6].

Retail 100

Retail Procurement Analytics Survey Modeling 100