Logistics Viewpoints
DECEMBER 15, 2022
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. 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.
Synovos
JULY 24, 2023
In addition, RS is supporting its suppliers in working towards and achieving their own ESG goals by launching a supplier ESG action plan and handbook. For example, RS has reduced its Scope 1 and 2 carbon emissions by 58% since 2019/20 with progress made in the year through distribution center energy efficiencies and renewable electricity.
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Supply Chain Opz
MARCH 31, 2015
What are the essential purchasing books you should read? In this article, we will uncover the best purchasing books to help you get the edge over competition. Background Historically, purchasing people are considered a kind of clerical workers who are expected to perform basic tasks such as document issuance and price negotiation.
Logistics Viewpoints
JUNE 1, 2023
Now all retailers are re-assessing their sourcing strategies and looking for local alternatives to reduce risks, lead times and carbon footprint. This means continuously assessing the trade-off between the total cost to serve and meeting customer demand and minimizing lost sales.
ToolsGroup
FEBRUARY 7, 2022
Love it or hate it, daily necessities need to be purchased. When looking at global online sales, Salesforce reports 57% digital growth in 2020, and 16% growth in 2021, with eMarketer data predicting a continued increase through 2025. eCommerce Purchases and “The New Normal” Retail Categories. Data source: eMarketer.
Supply Chain Opz
NOVEMBER 12, 2016
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.
NC State SCRC
JUNE 15, 2021
Yung-Yun’s algorithm scanned tens of thousands of targeted news and company reports to develop the ratings in each category. Companies who have a dedicated team focused on collecting information on the supply market can anticipate shortages, and work to create better category strategies to control costs. Handfield, R.B.
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