Remove Handbook Remove Industrial Remove Logistics Remove Procurement Analytics
article thumbnail

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

Logistics Viewpoints

The retail industry is rich with data. There is so much data, and to make use of it, we need to use data mining and analytics to drive meaningful insights that can be put to some good use. This is where advanced analytics and AI/ML techniques help. However, using metrics that can be easily tracked and updated is recommended.

article thumbnail

Top 6 Retail Trends & Supply Chain Planning Challenges in 2023

Logistics Viewpoints

Recessionary environments cause disruptions in the manufacturing industry around the globe, leading to long lead times, shortages, rising prices, and complications in transportation lines. This means they are more likely to focus on value and affordability and change their priorities and brand preferences when making purchases.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Making Supply Chain Planning Agile With Modular Planning Technologies

Logistics Viewpoints

This means we need more agile, flexible, and scalable planning platforms to process and consolidate new data sources, drive insights using advanced analytics such as AI/ML to drive autonomous decisions, and expand collaboration within and outside our organizations. We need planning platforms to keep up with all the changes. Yosun holds B.S.

article thumbnail

10 Greatest Supply Chain Management Books of All Time

Supply Chain Opz

Supply Chain Management Book Ranking In publishing industry, Nielsen BookScan is the most widely used database for a book ranking method. Anyway, the access to this database costs an arm and a leg. Therefore, the challenge to establish ranking method is to find more economical data source and unbiased metric.

article thumbnail

Ethics in Procurement – Simple, but Not Always Easy

Logistics Bureau

If you have not yet tackled the question of ethics in procurement, now is a great time to start. It does not matter whether you are a procurement professional, internal customer, external customer, senior executive, or supplier. Procurement is what sets entire supply chains and their organisations in motion.

article thumbnail

Digital Transformation Journey in Supply Chain Planning

Logistics Viewpoints

Digital commerce efficiently requires the digitalization of many customer-facing operations and sourcing and procurement. It includes all of its elements: customers, sales channels, products, warehouses, logistics network, and the interactions between them. Accurate and timely reconciliation of purchase orders with receipts.

article thumbnail

Seven Strategic Components for a Proactive Process Chemical Supply Chain

Logility

A system enabled process that drives optimal multi-modal shipment planning and carrier selection in a single optimization step delivers a more cost-effective overall transportation plan while meeting customer delivery requirements. It is not unusual to reduce transportation costs by as much as 30%. Higher-level value-added priorities.

Chemicals 100