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Top 6 Retail Trends & Supply Chain Planning Challenges in 2023

Logistics Viewpoints

The increasing need for constantly analyzing these trade-offs across the supply chain networks has highlighted the need for digital twins and what-if capabilities in network design solutions. This means they are more likely to focus on value and affordability and change their priorities and brand preferences when making purchases.

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

Logistics Viewpoints

ABC analysis creates product segments by grouping products with similar sales volume or purchase frequency to enable category managers to focus on what matters most. The medium-term solution might be to enhance the assortment with alternatives. Traditionally, this has been done by ranking the products based on sales performance.

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Making Supply Chain Planning Agile With Modular Planning Technologies

Logistics Viewpoints

While we might go and get the best of the solutions out there to meet today’s challenges and leverage today’s technology, that’s not going to come with a lifetime guarantee that it will meet all our needs in the years ahead. The system can now automatically receive all approved Purchase Orders so receipts can be reconciled against orders.

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The Top 15 Retail Trends for 2022

ToolsGroup

Love it or hate it, daily necessities need to be purchased. eCommerce Purchases and “The New Normal” Retail Categories. Shoppers are also less likely to have the hassle of returns, thanks to the ability to see, test, and try-on products before purchasing them. Data source: eMarketer. What exactly are people shopping for online?

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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.

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6 Practical Supply Chain Education Tools for Employers

Logistics Bureau

If you like the idea of building an educational library for your workforce to access, some of the most interesting and educational guides to supply chain management/operations are listed below: Logistics and Supply Chain Management, by Martin Christopher. Global Logistics & Supply Chain Management, by John Mangan, Chandra Lalwani et.

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Shipping is still lost at sea when it comes to big data

DELMIA Quintiq

Thus my case of the shipping industry taking a page out of the retail industry handbook. Let’s assume that normally freight purchasing is split 50/50 between contracts and spot, but in the era of low rates, the ratio tilts in favor of using spot rates. They employed big data concepts with gusto. The demand side is a mixed bag.

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