Inventory Replenishment Underway

Logistics Trends and Insights

Census Bureau inventory data, for June, indicates the need for inventory replenishment as the seasonal-adjusted sales to inventory ratio declined to 1.37 Total business inventories declined 2.3% for June/May while inventories declined 5.8% Inventory Replenishment.

Digital Inventory Management Key Battleground in Transformation of Brick-and-Mortar Retail

Cerasis

As e-commerce growth accelerates, shippers are working overtime to manage available inventory. Although e-commerce represents 10 percent of total retail sales, it has had an interesting effect. It catalyzed brick-and-mortar retailers to offer online shopping opportunities, which require much more than manual inventory management practices. Ability to create customized reports and use analytics to improve inventory forecast accuracy.

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What Happens to Retail in Fall 2020?

Logility

As retail companies enter the traditional “back-to-school” selling season, we must acknowledge there is nothing traditional about BTS 2020. Organizations across the world have been forced to pivot selling and inventory strategies to address the many issues brought on by Covid-19.

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How Adding Ship-from-Store to an Omni-channel Strategy Changes the Retail Network

Talking Logistics

Omni-channel retailers today require agility in order to compete and thrive. When it comes to adapting the retail network for an omni-channel approach, a focus on the customer is essential. Integrating a ship-from-store strategy can enhance customer service and serve as an important competitive differentiator. Ship from store has gained traction based on changing shopper expectations and buying trends.

Best Practice Inventory Control Techniques for Online Retailers

Unleashed

Successful inventory control enables retailers to meet customer demand by avoiding stockouts and reducing the risk of overstocking to free-up cashflow. It is crucial in the world of eCommerce, for even the smallest online retailer to have effective inventory control. Following are best practice inventory control techniques to help online retailers maintain control over their stock: ABC analysis. Inventory optimisation.

What is Inventory Shrinkage?

Supply Chain Game Changer

Featuring Our 10 Best Inventory Management Articles! Inventory Shrinkage article and permission to publish here provided by Jake Rheude at redstagfulfillment.com. There are many terms for inventory shrinkage: warehouse shrinkage, product shrinkage, loss of product.

Supply chain inventory optimization – Beyond the analytics

Kinaxis

But the sheer complexity of supply chain networks, and the impact design decisions have on operational performance, makes supply chain inventory management aligning inventory investments with on-time customer delivery and margins a major challenge. The equivalent of 7% of America’s GDP is tied up in inventory, and accounts receivable and payable. Implementing inventory optimization. The challenges of inventory optimization can be immense.

Retail Supply Chains in the COVID-19 Era

Shipchain

Retail supply chains have been put through the wringer. During this time of uncertainty, not all retailers will survive. Right now, the less human contact, the better, and those retailers that can make that a reality will have a competitive advantage.

Touchless Fulfillment and Shipping!

Supply Chain Game Changer

Touchless fulfillment and shipping article, and permission to publish here, provided by Jenis Sheth. Supply chains all across the planet are discovering and rediscovering various solutions to make shipping and fulfilment touchless. Touchless Fulfillment and Shipping (New Normal).

Drop Shipping: A Perfect Fit for Supply Chain Operating Networks

Talking Logistics

As reported last month by Jennifer Smith in the Wall Street Journal , “A growing number of retailers are relying on suppliers to ship online orders directly to customers, a strategy they hope will help them compete with e-commerce rivals without spending more on inventory. The practice, known as drop shipping, lets retailers offer more products for sale on their websites—such as multiple colors of the same sweater—without having to keep those items in stock.

Retail Compliance Programs: How to Exceed Retailer Expectations

CH Robinson Logistics

The retail industry is evolving and adapting to new consumer demands which is shifting the supply chain landscape. Retailers expect more supply chain visibility, shorter delivery times, and real-time connectivity from shippers and carriers. Compliance programs vary by retailer but the intent is consistent across the industry—have the right product in the right location at the right time while removing waste. Inventory management .

Inventory and forecast data from retailers: After your product ships (Part 2)

Alloy

Part 1 of this series highlighted four of the most important retailer data points that suppliers need to maintain an efficient supply chain and maximize sales opportunities: Unit Sales (Net), Dollar Sales (Net), Price, and Retailer COGS. In this post, we’ll describe four additional key data points from retailers, which fill in the supply side of the equation and are critical to make the demand insights actionable. analytics data retail supply-chain consumer-goods

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Who's Really Running Your Retail Operation?

C3 Solutions

This article is part of our Retail Program. Designed specifically to support global leaders by aiding in creating a strategic plan to help them win the retail game. E-commerce is a juggernaut powered by Amazon's dominance and it's changed just about every aspect of retail operations.

Inventory Optimization 101 – Smart & Effective Inventory Management

ThroughPut

What is Inventory Optimization? Inventory Optimization is defined as a method of balancing the manufacturers’ capital investment constraints and goals along with the defined service-level goals over a large assortment of stock-keeping units (SKUs) while considering all demand and supply volatility situations. It includes the practice of having the right levels of inventory to meet your target service levels while keeping a minimum amount of capital locked for inventory.

Inventory Optimization 101 – Smart & Effective Inventory Management

ThroughPut

What is Inventory Optimization? Inventory Optimization is defined as a method of balancing the manufacturers’ capital investment constraints and goals along with the defined service-level goals over a large assortment of stock-keeping units (SKUs) while considering all demand and supply volatility situations. It includes the practice of having the right levels of inventory to meet your target service levels while keeping a minimum amount of capital locked for inventory.

Technologies for Cost Management in eCommerce Retailing

Vinculum

eCommerce has emerged to be the backbone of global retailing in the past decade and eCommerce sales have reached a booming $2.3 From global giants to single-store owners, retailers prefer eCommerce as a leading sales channel to reach out to their customers and increase sales. Many popular social platforms have dedicated marketplace options and large groups of potential buyers whom your retailing business can reach with very little effort and expense.

Replenishment 201: Monitoring Store-Level Inventory

SupplyPike

This month, we thought we’d dig in a little deeper and look into monitoring store-level inventory. Traited Not Valid: The item is on the modular but is not replenishing because the store manager might decide not to order the item for her store due to reasons like low sales, too many returns, too much inventory, etc. With our Retail Intelligence software, you can graph traited and valid store counts over time and quickly spot changes in the Performance Report.

What is Drop Shipping? How does Drop Shipping work?

EMERGE App

If you’re that kind of person, then drop shipping is the thing for you. What is Drop Shipping? Drop shipping is a business method where you (store owner/ retailer) ship products directly from manufacturers or wholesalers to the customer. You don’t need to own a warehouse and pile up the inventories. In drop shipping, you are only responsible for marketing and sales of the products. How does Drop Shipping work? Introduction.

‘Drop Shipping’ Looks Set to Go Mainstream as More Retailers Get on Board

CHAINalytics

Online orders ship directly from the supplier’s warehouse, reducing spending on inventory By JENNIFER SMITH A growing number of retailers are relying on suppliers to ship online orders directly to customers, a strategy they hope will help them compete with e-commerce rivals without spending more on inventory.

Optimum Omnichannel Inventory Control

Unleashed

Omnichannel retail is certainly where it is at, however it is not without its own challenges which must be overcome for long-term business success. As with any retail company, inventory represents a large amount of tied up cash, or assets as it were, and if mismanaged, this can be a significant area for loss. Therefore, managing omnichannel inventory is extremely important for preserving the bottom line, increasing profits and keeping those shareholders happy.

Shipping Less-Than-Truckload Freight in E-Commerce: Shipping Online Is More Than Just Parcel Shipments

Cerasis

Those that seek to succeed in shipping online need to know a few things about why less-than-truckload may be the solution, how customers’ expectations are increasing, and what benefits less-than-truckload offers. Simultaneously, customers are growing to expect the same Amazonian delivery schedules from their favored retailers. retail sales could easily trend upward to 20 percent or more. Apply Standard Shipping and Handling Costs to Freight Quotes.

5 Tips to Improve Omnichannel Inventory Management

Unleashed

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. Many brands are turning to omnichannel inventory management to meet the challenge. We’re going to share five tips to help you make omnichannel inventory work for you. Now imagine the company’s inventory.

Ware2Go, Google Fast-Free Shipping Offers Aim at Conversion Lift

Multichannel Merchant

Ware2Go, a UPS-owned company that provides fulfillment on demand through partnership with warehouse owners, through an integration with Google Shopping lets merchants offer free shipping early in the search and discovery process on Google, aimed at increasing conversion.

Retail Store Location Planning ? Creating Balance, Driving Profit

Logility

The fundamental challenge in retail is one of balance. The sheer complexity of modern omni-channel retailing makes this difficult. Given how critical this balance is, I am amazed when I hear many retailers rely on a combination of spreadsheets and assumptions to drive the plan. Retail covers a broad range of products, go-to-market methods and consumer experiences. While this may be true, “mix” remains a thorny problem for most retailers.

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Omnichannel Retailing: The Savior of Non-Essential Retail for the COVID Crisis

Vinculum

Realizing the opportunity in times of crisis, several retailers have tweaked their strategy and focusing on strengthening the supply of essential commodities. While it may represent an opportunity for the essential item retailers, the scenario for non-essential item retailers still appears gloomy. Zero Footfall at Offline Retail Stores. How are the non-essential item retailers dealing with this scenario? Unsold Inventory and Overstocks.

Digital Inventory Management Key Battleground in Transformation of Brick-and-Mortar Retail

Veridian Solutions

As e-commerce growth accelerates, shippers are working overtime to manage available inventory. Although e-commerce represents 10 percent of total retail sales, it has had an interesting effect. It catalyzed brick-and-mortar retailers to offer online shopping opportunities, which require much more than manual inventory management practices. Ability to create customized reports and use analytics to improve inventory forecast accuracy.

Global Trade Networks Create a Single Version of the Truth for Retailers

Talking Logistics

Drop shipping is becoming more and more popular among retailers as the “Amazon effect” creates intense pressure from customers for quick delivery. Retailers are willing to take the risk associated with releasing the inventory management and fulfilment process so product moves faster. So what are some of the benefits of drop ship as a method of fulfilment? . Is Drop Ship Too Good to be True? Drop ship revenue now over £150 million.

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E-Commerce Shipping Strategy Challenges to Consider for Perfect Implementation

Cerasis

The path to perfect implementation of a new e-commerce shipping strategy is not always clear, and it comes with several challenges that can undermine the efficacy and cost-effectiveness of e-commerce. Shippers need to understand these challenges, the characteristics of an e-commerce shipping strategy and a few best practices to overcome such issues. Determine e-commerce shipping costs and pricing models. Integrate your platform with shipping systems.

Editor’s Pick: Is it Time to Operationalize Ship From Store?

Talking Logistics

Today’s post is from Manhattan Associates highlighting four methods for operationalizing scalable, labor-efficient and associate-friendly ship-from-store processes. Many did it to make use of excess inventory. Still others did it to satisfy the fast growth of online sales without buying more inventory. Regardless of these initial reasons, ship from store has become an omni-channel mainstay. Free shipping.

What is Inventory Carrying Cost?

EMERGE App

And we pick the most cost effective means of shipping. But while the newly arrived goods sit in your warehouse, did you know that there are also costs associated with keeping inventory? They are collectively called inventory carrying costs because they need to be paid to hold inventory. Here, we’ll explore what is meant by inventory carrying costs and their examples. What is Inventory Carrying Cost? Why Do Businesses Carry Inventory?

6 Reasons to Track Your Returnable Shipping Assets

Roambee

In the world of logistics and supply chains, chances are almost everything that’s moved is moved ON or IN shipping assets such as trays, pallets, crates, tubs, bins, or containers. Whether you eat it, wear it, sit on it, ride it, or live under it, most of the things around you have been carted on a shipping asset at some stage in its supply chain.

Steps to Controlling Inventory Flow & Driving Warehouse Efficiency

Cerasis

Controlling inventory flow is a top priority among warehouse managers, and gaining control over inventory drives warehouse efficiency. Controlling Inventory Flow Begins With Liquidate Nonessential Products. The first step to controlling inventory flow effectively is liquidation of all non-essential products, explains Paul Trujillo of Business2Community. While this may work for small businesses, it can be detrimental to the growing state of e-commerce in retail.

Improving inventory management

EFT

What’s more plenty on the retail side have found themselves with held inventory but it suddenly locked away in stores that people could no longer frequent, browse and shop from. In his opinion the way you do that is “By putting inventory close to customers.

Best Pick and Pack Shipping Systems for 2014

The Logistics of Logistics

Best Pick and Pack Shipping Systems for 2014. With software plugged into your warehouse management system, picking and shipping orders has become a lot more accurate. Chirag Patel from Fairway Fulfillment & Logistics explores three popular pick and pack shipping systems in 2014. Also the benefits of each of the shipping system and potential suppliers to advance your warehousing operation.

Fast Fashion's Inventory Woes: 3 Ways Retailers Can Stay in Business

Elementum

Since the 1990’s, when little-known clothing retailer Zara announced it could take a garment from concept to rack in just 15 days, “fast fashion” has captured the minds of consumers. However, this dynamic industry is now facing the same challenges as some traditional retailers —unsold inventory and profit losses. Inventory Woes. billion worth of unsold inventory. More retailers will probably adopt this strategy as two-hour delivery becomes the norm.