ShipBob

JANUARY 15, 2024

If you don’t have enough inventory on hand you risk selling out. Too much, and you’ll be stuck with an inventory glut. An inventory glut occurs when a company has surplus inventory and the stock of products far exceeds its demand. What is inventory glut? Inventory glut affects businesses both large and small.

Inventory Reduction 52

Inventory Reduction Price Reduction Cost Reduction Strategies Waste Reduction 52

The Logistics of Logistics

JUNE 17, 2022

Jeff Flowers and Joe Lynch discuss why inventory is everything. In his last role at Bluelinx, Jeff was the General Manager of Metal Products Business Unit which generated $250M in revenue sourcing products from 17 different countries serving 18,000 SKUs to national, regional and local building products retailers.

Inventory Reduction 173

Inventory Reduction Optimal Sourcing Inventory Logistics Network Optimization Software 173

Enterra Insights

DECEMBER 19, 2023

The retail sector continues to endure tectonic shifts as business landscapes and consumer behaviors change. First, there was the so-called “retail apocalypse,” then came the pandemic, which was followed by inventory challenges, inflation, and an economic slowdown. Inventory Management.

Optimal Sourcing 130

Optimal Sourcing Supply Chain Planning Software Supply Chain Software Optimization Software 130

Enterra Insights

AUGUST 15, 2023

The past few years of turmoil in the retail sector have challenged many professionals. The so-called “retail apocalypse” was deepened by the pandemic, then came inventory overload and inflation. ” Many retailers have turned to artificial intelligence (AI) to address their fears and lessen their worries.

Supply Chain Planning Software 130

Supply Chain Planning Software Supply Chain Software Optimal Sourcing Supply Chain Optimization 130

Supply Chain Brain

JULY 19, 2022

The pandemic and resulting congestion in the supply chain have retailers reconsidering their traditional approach to sourcing and inventory management, says Larry Parker, department chair of transportation and logistics management, supply chain management, reverse logistics and government contracting at the Dr. Wallace E.

Inventory Reduction 91

Inventory Reduction Sourcing Strategies Supply Chain Strategy Inventory 91

BlueYonder

MARCH 11, 2024

In our exploration of end-to-end retail integration, we’ve laid out a sensible grocery retail roadmap for getting there, what it looks like in other verticals when done right, and errors to avoid when making the transition. And not just any kind. The one element missing here is, of course, the human touch at the center of it all.

Supply Chain Planning Software 78

Supply Chain Planning Software Optimal Sourcing Supply Chain Software Retail 78

Logistics Viewpoints

DECEMBER 15, 2022

The retail industry is rich with data. Four Ways of Using Cluster Analysis in Retail. Retailers can apply cluster analysis techniques in different ways to find groups of customers, products, stores, or suppliers that behave similarly. There are different ways of doing store cluster analysis.

Optimal Sourcing 193

Optimal Sourcing Analysis Procurement Analytics Purchasing Skills 193

Cathy Roberson

SEPTEMBER 7, 2021

Despite supply chain costs increasing and available capacity almost a rarity, retailers are undertaking a variety of ways to make sure they receive their inventory in time for the ever-important holiday season. “We feel good about the composition of our inventory. The issue is that capacity is not there.

Inventory Reduction 92

Inventory Reduction Inventory Sourcing Strategies Retail 92

ToolsGroup

FEBRUARY 7, 2022

The wonderful world of retail. The Retail Trends Shaping How We Shop in 2022. The Retail Trends Shaping How We Shop in 2022. From a digitally-transformed shopping experience to global supply chain disruptions and a pandemic that refuses to quit, there’s one thing retailers can count on: People are always going to shop.

Supply Chain Planning Software 177

Supply Chain Planning Software Trends Retail Forecasting Software 177

ToolsGroup

OCTOBER 3, 2022

Retail workers are at the heart of the economy, making the continued retail labor shortage a top challenge for retailers–one that appears here to stay. Get the real story on today’s retail worker shortage, as we break down: Retail Labor Shortage Statistics. The Need for Corporate Retail Talent.

Optimal Sourcing 156

Optimal Sourcing Retail Purchasing Skills Inventory Reduction 156

Enterra Insights

JUNE 25, 2019

Retail Shrinkage is a serious retail challenge, especially when its causes can’t be accurately determined. For the last few years, inventory shrinkage has annually cost U.S. retailers just under $50 billion combined. ” Regardless of how inventory is lost, shrinkage costs retailers a lot of money.

Inventory Reduction 100

Inventory Reduction Cost Reduction Strategies Inventory Vendor Strategies 100

BlueYonder

SEPTEMBER 7, 2023

Having started my retail career at the age of 17, I speak from experience when I say…retail is a hard business! In my 30+ years working in retail I often said, “Retail, you’ve got to love it…especially if you are going to make a career of it.” The group said retailers on average saw a 26.5% billion from 2020.

Retail 109

Retail Inventory Reduction Real-time Visibility Supply Chain Design Software 109

Unleashed

FEBRUARY 29, 2024

Retail software is a range of technological solutions that can help retailers improve customer satisfaction, profitability, efficiency, and productivity by streamlining manual tasks. Retail software automates critical business processes in a way that traditional systems cannot. What is retail software?

Prescriptive Analytics Software 52

Prescriptive Analytics Software Inventory Management Software Analytics Software Supply Chain Planning Software 52

Logility

MAY 25, 2023

In today’s fast-paced and unpredictable global market, the secret to maintaining a competitive edge lies in a key area—robust inventory control techniques. Inventory control is the act of managing and organizing stock to meet customer demand without surplus or deficiency. This is where inventory control techniques come in.

Inventory Reduction 130

Inventory Reduction Inventory Management Software Optimal Sourcing Inventory 130

ToolsGroup

AUGUST 16, 2022

BOSTON – August 17, 2022 — ToolsGroup , a global leader in AI-driven retail and supply chain planning and optimization software, has been selected by Entertainment Retail Enterprises (ERE) , a leader in the design, manufacture, and distribution of customized retail products including apparel, accessories, and home goods.

ToolsGroup 120

ToolsGroup Agile and Lean Supply Chain Optimal Sourcing Supply Chain Design Software 120

Logility

AUGUST 4, 2022

No doubt this brings some mirth and merriment in an otherwise bleak stretch for consumers, but it also brings a massive migraine for retailers. About 31% of grocery products consumers looked for were out of stock in the first week of April, according to Datasembly , a research firm that monitors grocery and retail pricing.

Price Reduction 130

Price Reduction Inventory Reduction Analysis Resource Reduction 130

Logility

JANUARY 27, 2022

a leader in supply chain innovation powering the sustainable and resilient enterprise, has been recognized by Retail Today as a leader in the supply chain category in the Retail CIO Radar 2022, a first-of-its kind annual list of the most innovative and transformative retail technology solution providers. ATLANTA – Jan.

Logility 130

Logility Supply Chain Planning Software Analytics Software Optimization Software 130

3PL Insights

FEBRUARY 14, 2023

Retail logistics is responsible for delivering products to customers both in physical stores and online. This process starts from the moment a product is sourced from the supplier to the customer. 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

BlueYonder

OCTOBER 24, 2023

Retailers have gotten the message: Optimize or die. The survey, conducted by Blue Yonder , found that the vast majority of retail executives: Considered themselves very knowledgeable about AI (85%). These results underscore a crucial point: Retailers that don’t embrace AI will almost certainly fall behind. The results?

Analytics Software 94

Analytics Software Predictive Analytics Software Forecasting Software Supply Chain Software 94

ToolsGroup

FEBRUARY 7, 2021

In episode six of Be Ready for Anything, ToolsGroup’s Pre-Sales Manager for Europe, Birger Klinke, talks about what retailers should expect in 2021 and how they can leverage probabilistic forecasting and automation to adjust to a changing marketplace. What do you predict will be different for retailers in 2021? Transcript.

Predictive Analytics Software 295

Predictive Analytics Software Retail Modeling Forecasting 295

QAD

MARCH 30, 2023

Manufacturers may not think they have much in common with the retail companies beyond producing the products that stock store shelves, but there could be a lot to learn from the latter as the manufacturing headwinds of the last few years carry into 2023. and bring inventory accuracy up to an impressive 99.9%. What is RFID Technology?

Manufacturing Procurement 92

Manufacturing Procurement Inventory Management Software Supply Chain Planning Software Supply Chain Software 92

Logistics Viewpoints

JANUARY 18, 2022

Here are the challenges retailers may face in their supply chain operations in 2022 and some tips for overcoming them. As we have seen in 2021, businesses automated and integrated supply chain planning capabilities, including demand-sensing , dynamic safety-stock management , inventory optimization , and external collaboration.

Supply Chain Planning Software 255

Supply Chain Planning Software Supply Chain Planning Scenario Planning Supply Chain Software 255

Enterra Insights

JUNE 1, 2021

Although every economic sector undergoes constant change, the retail sector has probably seen more changes in a shorter period of time than most other sectors. With all of the changes in the retail environment and the continued shift away from conventional technologies, cognitive computing in retail is becoming increasingly important.”[1]

Supply Chain Design Software 130

Supply Chain Design Software Supply Chain Planning Software Analytics Software Supply Chain Software 130

Unleashed

FEBRUARY 14, 2024

Finished goods inventory are products that have been through the manufacturing process and are now ready for sale. This article breaks down how finished goods are calculated and some key inventory management methods for tracking them as they move through your business. What are finished goods inventory?

Inventory Reduction 52

Inventory Reduction Inventory Manufacturing Procurement Inventory Management Software 52

Talking Logistics

MAY 6, 2019

The research focused on the inventory visibility and optimization challenges that companies face today related to omni-channel fulfillment and the actions they should take to elevate their omni-channel performance. And it begins with improving their inventory accuracy. The Inventory Accuracy “Confidence Gap”.

Optimal Sourcing 139

Optimal Sourcing Real-time Visibility Inventory Logistics Network Optimization Software 139

Enterra Insights

APRIL 27, 2021

3] Following year-long discussions about supply chain resilience, the Economist reminds us, “Resilience comes not from autarky but from diverse sources of supply.”[4] 4] Staff, “ Global supply chains are still a source of strength, not weakness ,” The Economist, 3 April 2021. [5]

Sourcing Strategies 130

Sourcing Strategies Manufacturing Procurement Sourcing Agile and Lean Supply Chain 130

SCMDOJO

DECEMBER 28, 2023

In the era of the Digital Retail Revolution, adaptive supply chain management is imperative amid the surge in online retail and the social commerce boom. The digital retail revolution can help in this area by digitizing all processes of receipt and tracking of goods. This, in turn, leads to increased sales and customer loyalty.

Supply Chain Planning Software 78

Supply Chain Planning Software Supply Chain Software Supply Chain Network Software Demand Planning Software 78

BlueYonder

NOVEMBER 14, 2023

Shifting and varied consumer preferences, collapsing brand loyalty, even freak weather: as shoppers limber up for the 2023 holiday season, retailers should expect the unexpected. What questions should retailers be asking? How can we best leverage inventory and our workforce regardless of what happens during the 2023 holiday season?

Sourcing Strategies 73

Sourcing Strategies Retail Inventory Reduction Scenario Planning 73

ThroughPut

NOVEMBER 16, 2021

Retail supply chains in particular face a horde of supply chain challenges such as: . Integration of multiple distribution channels Customer satisfaction Inventory and storage management End-to-end supply chain visibility. Amongst these challenges, inventory management impacts all others. Demand forecasting.

Inventory Reduction 52

Inventory Reduction Supply Chain Software Supply Chain Planning Software Supply Chain Design Software 52

Supply Chain Matters

JULY 18, 2023

Supply Chain Matters highlights a published report indicating that PC maker Hewlett Packard is modifying supply sourcing akin to China Plus and nearshoring sourcing actions. That would include alternatives to China under the umbrella of either China Plus or de-risking sourcing changes. We pointed out that in 2022, more U.S.

Sourcing Strategies 52

Sourcing Strategies Inventory Reduction Manufacturing Procurement Supply Chain Strategy 52

ToolsGroup

MAY 1, 2018

Using the Gartner Demand Planning five stage maturity scale, analyst Mike Griswold estimated on a recent call that retailers as a group averaged just 2.3 leaving money on the table due to poor inventory performance. Additionally, they invest in technologies that combine inputs from various internal sources into the forecast.

Gartner 180

Gartner Supply and Demand Optimal Sourcing Forecasting 180

Enterra Insights

APRIL 2, 2024

On the other hand, you (and/or less honest customers) are the retailer’s problem. The Extent of the Problem Some people deliberately fail to scan all the items believing they deserve a tip for being an unpaid employee of the retailer. ”[3] All retailers, not just grocers, are suffering from inventory losses.

Security 246

Security Inventory Reduction Cost Reduction Strategies Procurement Analytics 246

SCMDOJO

AUGUST 4, 2023

Are you tired of dealing with excessive inventory levels that eat up your storage space, tie up your capital, and hinder your company’s growth? If so, then it’s time to consider the numerous benefits of reducing inventory. Inventories are designed to match customer(s) demand. The same applies to inventory reduction.

Inventory Reduction 93

Inventory Reduction Material Savings Cost Reduction Strategies Waste Reduction 93

Kinaxis

NOVEMBER 21, 2018

However, when it comes to the efficiency of today’s retail supply chain management techniques, controversy is replaced by admiration as international clothiers boast operations efficient enough to accurately anticipate demand in one of the world’s most rapidly changing industries.

Supply Chain Design Software 230

Supply Chain Design Software Supply Chain Software Supply Chain Design Modeling 230

ToolsGroup

APRIL 20, 2022

Sarah Voorhees, VP of Demand and Inventory Planning at American Tire Distributors , is one such leader who emphasizes the importance of individual check-ins: A 1:1 conversation can be intimidating, though, especially if the person has sensitive concerns. Source: Fortune. #3: Source: Fortune. But it doesn’t have to.

Sourcing Strategies 194

Sourcing Strategies Optimal Sourcing Supply Chain Planning Software Supply Chain Software 194

Logistics Bureau

DECEMBER 4, 2023

Inventory management is a crucial aspect of supply chain management, and effective strategies can help businesses reduce costs, improve customer service, and increase profits. But what does a great inventory management strategy look like? But consider, too, how you can turn those needs to your advantage in inventory management.

Inventory Reduction 72

Inventory Reduction Inventory Management Software Inventory Management Eliminating Excel in Purchasing 72

crisp

SEPTEMBER 22, 2023

Crisp helps CPGs on Google Cloud leverage daily retail data to make smarter supply chain and merchandising decisions, all while optimizing their cloud investment. With Google Marketplace, cloud customers can also easily find and subscribe to data sets from a variety of sources and deliver them seamlessly to their data warehouse.

Optimal Sourcing 52

Optimal Sourcing Inventory Reduction Waste Reduction Vendor Strategies 52