Enterra Insights

DECEMBER 26, 2022

The staff at Wired magazine notes, “Everyone returns a gift or an impulse purchase now and then. The staff at SupplyChainBrain explains, “Overstocked retailers are cutting back on lenient pandemic-era return policies heading into the holiday season.”[2]. of all merchandise purchased in the U.S. ”[2].

Pricing Training 130

Pricing Training Purchasing Skills Purchasing Training Procurement Solutions 130

Unleashed

FEBRUARY 21, 2024

It covers every aspect of dealing with customer returns, including policy management, reverse logistics, customer service, returned goods inventory management , and developing strategies to reduce return rates. A good returns policy is crucial for ensuring a smooth customer experience.

Inventory Management Software 52

Inventory Management Software Inventory Reduction Cost Reduction Strategies Material Savings 52

Intelligent Audit

AUGUST 18, 2021

Reverse logistics planning has always been an essential aspect of supply chain operations and inventory management, but its impact may surpass anything seen in the modern transportation industry. The Challenge of Reverse Logistics Planning and the Holiday Shopping Season.

Reverse Logistics 52

Reverse Logistics Supply Chain Planning Software Supply Chain Planning Logistics Network Optimization Software 52

3PL Insights

FEBRUARY 14, 2023

The flow of finished goods in retail logistics is a multi-step process, encompassing inventory management, order fulfillment and shipping, and returns management. Inventory Management Inventory management is the procurement, storage, and selling of a company’s inventory.

Logistics Network Optimization Software 92

Logistics Network Optimization Software Inventory Management Software Supply Chain Software Retail 92

SCMDOJO

JANUARY 17, 2024

With the increase in online purchases, especially after the health crisis of the COVID-19 pandemic, the eCommerce industry is booming like anything. Most eCommerce and online businesses focus on forwarding logistics and last-mile delivery to reduce delivery time. The bad news is that almost 30% of online purchases are returned.

Inventory Reduction 87

Inventory Reduction Supply Chain Planning Software Material Savings Cost Reduction Strategies 87

ModusLink Corporation

MARCH 30, 2023

According to data shared by Vue.AI , “more than 60% of online shoppers say that they look at a retailer’s return policy before making a purchase. Unlike the forward view, reverse logistics follow the opposite process. Reverse Logistics and Returns Management Are an Opportunity for Profit.

Sourcing Strategies 78

Sourcing Strategies Reverse Logistics Inventory Reduction Cost Reduction Strategies 78

Unleashed

DECEMBER 4, 2018

With better inventory control and optimised management, your multichannel operation can perform at a higher level and meet customer expectations. Integrating inventory control with suppliers. Integrating your supply chain with your inventory control method is crucial for improving the consistency of your product supply.

Inventory 61

Inventory Logistics Network Optimization Software Forecasting Software Demand Planning Software 61

Enterra Insights

DECEMBER 26, 2019

.”[1] In simpler times, shoppers would return items to the stores in which they were purchased — often exchanging them for other items (a win-win for both the consumer and the retailer). E-commerce has forever changed the reverse logistics formula. Some 61% of U.S. ”[3]. Returns are a growing problem. ”[5].

Reverse Logistics 100

Reverse Logistics Purchasing Skills Manufacturing Procurement Waste Reduction 100

Enterra Insights

DECEMBER 28, 2020

. … The overall rate of returns is growing about 10% annually, which is straining storage space as the reverse logistics process can require 15% to 20% more space than outbound logistics.”[2] ” Retailers benefit from flexible returns policies. ” There are two sides to the returns story.

Reverse Logistics 100

Reverse Logistics Policies Purchasing Skills Procurement Analytics 100

ModusLink Corporation

NOVEMBER 18, 2021

Business practices ought to become increasingly transparent therefore implementing green policy can generate profits, provide a positive social impact, and reduce environmental impact. When the product has a defect after its production, it is sent back to the inventory to reuse or recycle it. reverse logistics in a circular economy.

Waste Reduction 78

Waste Reduction Sustainability Material Savings Supply Chain Planning Software 78

TransAudit

DECEMBER 13, 2023

Teams must fully understand the concept and goals, and be equipped with the tools to enact change. Capturing value after the initial use is not generally part of the process and processes are not designed for reverse logistics in many cases. Work with data solution providers to meet emerging transparency regulations.

Supply Chain Design Software 88

Supply Chain Design Software Supply Chain Design Supply Chain Software Supply Chain Optimization 88

Logistics Bureau

APRIL 3, 2023

Access to Economies of Scale By outsourcing manufacturing, logistics, or other supply chain support activities such as procurement , your company may access the economies of scale enjoyed and passed on by specialist service providers. Your organisation may be one of many that a contract partner serves.

Optimal Sourcing 73

Optimal Sourcing Cost Reduction Strategies Material Savings Inventory Reduction 73

GlobalTranz

JANUARY 21, 2019

According to Steve Banker via Forbes , Amazon’s purchase of Whole Foods positioned the company to corner the omnichannel area , and Amazon went a step further. Meanwhile, inventory levels rose 3.6 How Surface Mode Shippers Can Compete in E-Commerce Logistics. Also, they noted store policies on boxes in some stores.

Trends 152

Trends Shipping Purchasing Skills Supply Chain Software 152

Locus

OCTOBER 19, 2021

It is difficult for patients to track the purchase and consumption of prescriptions in larger quantities for a definitive period. Same-day prescription deliveries help them track and manage the purchase and consumption of their medications in larger quantities. Lesson learned: Improve reverse logistics capabilities.

Pharmaceutical 52

Pharmaceutical Logistics Network Optimization Software Optimization Software Modeling 52

ShipBob

SEPTEMBER 20, 2021

The process involves complex steps, from procurement, to shipping products to end users, often resulting in a lack of visibility and high operational costs. End-to-end (E2E) supply chain refers to all supply chain processes, from logistics procurement to the post-sale customer experience. . Procurement & manufacturing.

Optimal Sourcing 52

Optimal Sourcing Supply Chain Planning Software Supply Chain Software Supply Chain Design Software 52

Logistics Bureau

JANUARY 7, 2020

Pioneered the use of vendor-managed inventory. Implemented cross-docking in its supply network to enable inventory reductions. In 2017, the company began to look at new options for warehousing, knowing it would need to start placing inventory closer to customers if it wanted to compete in the challenging omnichannel retail space.

Inventory Reduction 101

Inventory Reduction Cost Reduction Strategies Supply Chain Design Software Vendor Strategies 101

Logistics Bureau

MAY 3, 2021

Instead of the familiar customer checkouts, dark stores house dispatch zones, where customer orders are assembled and configured for last-mile delivery , often performed by crowdsourcing logistics providers or conventional express-delivery companies. The reverse logistics process, too, is a prime target for refinement.

Supply Chain Planning Software 59

Supply Chain Planning Software Retail Supply Chain Strategy Inventory Reduction 59

Veridian Solutions

DECEMBER 17, 2018

Consider these top statistics: Up to 71 percent of holiday purchases involve multiple sizes or variations with the intent on returning. Among all customers, 89 percent have returned online purchases. In addition to moving more merchandise in holiday sales, the flow of reverse logistics must continue. Company Name.

Retail 45

Retail Expense Reduction Cost Reduction Strategies Inventory Reduction 45

Intelligent Audit

DECEMBER 2, 2021

Parcel reverse logistics and returns management can be strenuous tasks for any company. Consumers expect a stress-free, easy process with easy-to-follow return policies. With such a steady growth in parcel volume and revenue, shippers need to ensure they have the proper tools and practices for parcel reverse logistics. .

Reverse Logistics 52

Reverse Logistics Logistics Network Optimization Software Logistics Supply Chain Software 52

BlueYonder

DECEMBER 1, 2020

Panelists included Jason Lerman, Director Operations at UNTUCKit ; Jon Gold, VP of Supply Chain and Customs Policy at NRF ; Wayne Snyder, VP Retail Industry Strategy at Blue Yonder ; Gina Anderson, VP Solutions and Growth at GEODIS ; and Melissa Valentine , Global Segment Director of Retail at Locus Robotics.

Retail 53

Retail Supply Chain Design Software Modeling Software Inventory Reduction 53

ShipBob

JANUARY 30, 2023

How a return merchandise authorization works Much like the purchase journey, no two returns processes are alike, and they can look totally different from vertical to vertical, and often vary between merchants within those verticals. Other merchants implement a returns management solution such as ReturnLogic to automate the returns process.

Logistics Network Optimization Software 98

Logistics Network Optimization Software Procurement Solutions Optimization Software Inventory Management Software 98

Vinculum

JANUARY 20, 2022

This makes the purchasing of the property risk-free and adds no hesitation in the buyer’s mind. For that, they start making strategies to minimize the returns by changing or updating the policies at regular intervals to grab the customer’s mind in a Broadway. How efficient the Reverse logistics is.

Apparel 52

Apparel Expense Reduction Price Reduction Logistics Network Optimization Software 52

Vinculum

JANUARY 18, 2022

Businesses should strategically handle the return management process to accurately deal with the policy. The process to return or exchange the stuff and pick it, organizing and calculating back in the inventory in the e-commerce sector is defined as Return Management. The product is added to the inventory and the stock too.

Reverse Logistics 52

Reverse Logistics How To Inventory Management Software Logistics Network Optimization Software 52

BlueYonder

AUGUST 21, 2023

From a retailer’s perspective, adjusting your return policies is likely a sound business decision — maybe you already have excess inventory and don’t want to pay for additional product storage, or maybe you’re trying to recover some of the lost revenue associated with returns. Why Are Returns So Important To Retail Consumers?

Policies 71

Policies Forecasting Procurement Solutions Forecasting Software 71

Unleashed

JUNE 24, 2020

That includes the importance of robust inventory management to retail. Ensuring you don’t fail at order fulfilment begins with understanding your inventory and supply chain. In an increasingly complex eCommerce world, keeping track of inventory is tricky. Returns policies & processes. Clear data visibility.

Inventory Management Software 98

Inventory Management Software Inventory Management Omnichannel Inventory Reduction 98

Vinculum

MAY 16, 2022

The digital way of purchasing products has enhanced sales as the customer benefits from shopping from their home’s comfort from any location of the world. One can look for a cloud-based solution to manage the entire process more vividly than an automated phenomenon to cut down human beings’ costs and manual errors.

Modeling Software 52

Modeling Software Logistics Network Optimization Software Inventory Management Software Trends 52

6 River Systems

AUGUST 2, 2022

The returns management process is part dispute resolution, part customer support, part logistics and part inventory management. Forward-thinking retailers use automated returns management solutions to track, view and analyze returns data in one place. They include: Have a clear return policy. Write clear return policies.

Optimization Software 52

Optimization Software Network Optimization Price Mitigation Strategies Resource Reduction 52

Vinculum

DECEMBER 14, 2021

By clearly stating your return policy, you can ease the nerves of nervous shoppers. An adequate returns management solution can benefit both parties. The cost of inefficient processing and reverse logistics can lead to retailers overspending at up to 20% without a robust returns solution in place. The post Yes!

Cost Reduction Strategies 52

Cost Reduction Strategies Inventory Reduction Material Savings Manufacturing Procurement 52

SCMDOJO

JANUARY 17, 2024

They are in charge of purchasing, procurement, and sourcing. To Improve your Materials Management Comptencies, Download our Assessment Tool. Logistics in this context can refer to both delivering orders to customers and moving the company’s inventory (e.g., raw materials) between its sites.

Negotiating Skills 70

Negotiating Skills Purchasing Skills Optimal Sourcing Manufacturing Procurement 70

Unleashed

OCTOBER 20, 2021

For example if you’re running a product-based business then inventory management is essential. From inventory tracking and safety stock levels to assembly, purchasing and shipping, getting inventory management right will increase your chances of success. Get your inventory management processes right from the start.

Inventory Management Software 52

Inventory Management Software Supply Chain Planning Software Predictive Analytics Software Forecasting Software 52

SYSPRO Smarter ERP

SEPTEMBER 29, 2021

The good news is that there are software solutions that can address all these issues. The good news is that there are software solutions that can address all these issues. Streamline inventory. Inventory can cost a fortune if it is not managed properly. Improve profitability.

Supply Chain Design Software 105

Supply Chain Design Software Supply Chain Planning Software Automotive Material Savings 105

Logistics Bureau

OCTOBER 11, 2021

That benefit could allow you to carry some extra inventory without risking heavy losses through obsolescence. For example, at Logistics Bureau, our consultants have extensive experience setting up 3PL contracts and providing guidance to clients during implementation, reducing the potential for relationship breakdowns further down the line.

Logistics Network Optimization Software 52

Logistics Network Optimization Software Material Savings Negotiating Skills Inventory Reduction 52

Supply Chain Game Changer

APRIL 11, 2019

There are four basic components of the e-fulfillment process: ECommerce store and fulfillment center integration Receiving and inventory management Order fulfillment Returns processing. Receiving and Inventory Management. Then, those pallets get logged into inventory and placed on shelves, ready to fill your orders.

Resource Reduction 53

Resource Reduction Resources Material Savings Inventory Management Software 53

Vinculum

MARCH 27, 2020

Today, consumers are much more astute at comparing goods and services online and making informed and cognitive purchase decisions based on their research. Apps can be created which are ready for cross-border shipping by approaching MobiCommerce who offer complete ecommerce app development solution that will give assuring returns.

Network Design Software 52

Network Design Software How To Logistics Network Optimization Software Inventory Reduction 52

ShipBob

AUGUST 16, 2021

During this time, supply chain efficiencies can get disrupted as online brands try to keep up with demand, managing inventory and fulfilling a high volume of orders, while shipping carriers become busier than usual, working hard to deliver packages on time. When does peak shipping season start & finish? Christmas (December 25).

Shipping 98

Shipping Inventory Reduction Material Savings Supply Chain Planning Software 98

ShipBob

MARCH 3, 2022

Only when you know how much it costs to produce or procure a single unit of any SKU can you make more informed decisions on how much to sell it for. Cost per unit offers insight into how much it costs to produce a single item, receive new inventory, store it, and fulfill and ship it. Reflects efficiency of your business.

Cost Reduction Strategies 52

Cost Reduction Strategies Material Savings Price Reduction Inventory Reduction 52

Cathy Roberson

NOVEMBER 28, 2022

“Strategic partnerships are also enabling us to drive our connected shop initiative, which enables customers to access tools and data resources, generate faster repair order approvals, deliver higher conversion rates and improve shop efficiency. I wear a number of hats these days.

Retail 70

Retail Optimization Software Demand Planning Software Logistics Network Optimization Software 70