article thumbnail

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

Logistics Viewpoints

These ABC segments can also be used for setting up service level targets or availability targets which then determine the safety stocks for ensuring there are enough stocks to meet the fluctuating demand for those groups of products that are critical to business. However, using metrics that can be easily tracked and updated is recommended.

article thumbnail

Logistics Management Software – A Complete Handbook for Manufacturers

ThroughPut

Also, by applying AI-based techniques, the software can develop advanced performance metrics and KPIs to create valid computer models to predict supply chain issues. This will help meet dynamic warehouse requirements in a timely and cost-effective manner. Managing operational shifts. Warehouse and order management.

Insiders

Sign Up for our Newsletter

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

article thumbnail

Logistics Management Software – A Complete Handbook for Manufacturers

ThroughPut

Also, by applying AI-based techniques, the software can develop advanced performance metrics and KPIs to create valid computer models to predict supply chain issues. This will help meet dynamic warehouse requirements in a timely and cost-effective manner. Managing operational shifts. Warehouse and order management.

article thumbnail

Logistics Management Software – A Complete Handbook for Manufacturers

ThroughPut

Also, by applying AI-based techniques, the software can develop advanced performance metrics and KPIs to create valid computer models to predict supply chain issues. This will help meet dynamic warehouse requirements in a timely and cost-effective manner. Managing operational shifts. Warehouse and order management.

article thumbnail

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. So what to do? Composability is the answer to that challenge. What is Composability? Yosun holds B.S.

article thumbnail

Top 6 Retail Trends & Supply Chain Planning Challenges in 2023

Logistics Viewpoints

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. Here are some highlights from these trends in 2023 and implications on supply chain planning. Asena holds B.S.

article thumbnail

10 Greatest Purchasing Books Ever Written

Supply Chain Opz

After that, we collect various metrics of each purchasing book as below, - Citation counts: a basic bibliometric method showing how many times a book is cited by other publications. Of course, this metric will not be used in isolation.