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

Logistics Viewpoints

Price index and price elasticity are useful metrics on their own, and a combination of these can help determine the right price point to maximize revenue and profit. Since there are often differences in store sizes, a metric representing the size can be added as well for a two-dimensional clustering approach.

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Agentic AI Is Here – and It’s Transforming the Supply Chain

Logility

The connected ecosystem of composition agents works across fulfillment, procurement, planning, and logistics. Evaluate your AI maturity using this easy Supply Chain Generative AI Readiness Handbook. The true breakthrough lies in whats next: multi-agent orchestration. Start here

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10 Greatest Supply Chain Management Books of All Time

Supply Chain Opz

Therefore, the challenge to establish ranking method is to find more economical data source and unbiased metric. In supply chain management area, most industry publications create the ranking based on the input from readers then editorial team makes a final decision which is a bit subjective.

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Top 6 Retail Trends & Supply Chain Planning Challenges in 2023

Logistics Viewpoints

As many retailers will look into sourcing products locally, re-evaluating their supply and logistics networks to optimize their supply chains will be more critical than ever. Returns management involving the implications on inventory and reverse logistics is emerging as an integral part of the end-to-end supply chain planning challenge.

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Making Supply Chain Planning Agile With Modular Planning Technologies

Logistics Viewpoints

The next step was getting a feedback loop from the WMS system back to the planning system to create OTIF (on-time-in-full) metrics on supplier deliveries so the planning system could adjust recommendations based on the real-time receipt information. Step 4 – Closing the Loop and Getting Real-time Visibility.

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Digital Transformation Journey in Supply Chain Planning

Logistics Viewpoints

It includes all of its elements: customers, sales channels, products, warehouses, logistics network, and the interactions between them. Customer Satisfaction scores side by side with the service level and availability metrics. The post Digital Transformation Journey in Supply Chain Planning appeared first on Logistics Viewpoints.

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Logistics Planning and Management – A Complete Handbook for Logistics Managers

ThroughPut

Logistics Planning and its Role in the Evolving Supply Chain. Logistics is key to an efficient supply chain which involves the planning and movement of goods, services, and information from the point of origin to the point of consumption. A good Logistics Planning solution can help address the above costs to a great extent.