Enterra Insights

AUGUST 23, 2022

During the height of the pandemic, dire predictions about retail’s future insisted the rise in e-commerce signaled a permanent change in consumer behavior away from in-store shopping. Journalist Amy Sokolow ( @amysokolow ) reports that analysts from Deloitte insist that physical retailers must undergo a “Great Retail Reset.”[3].

Retail 130

Retail Supply Chain Planning Software Predictive Analytics Software Price Reduction 130

Enterra Insights

AUGUST 23, 2022

During the height of the pandemic, dire predictions about retail’s future insisted the rise in e-commerce signaled a permanent change in consumer behavior away from in-store shopping. Journalist Amy Sokolow ( @amysokolow ) reports that analysts from Deloitte insist that physical retailers must undergo a “Great Retail Reset.”[3].

Retail 130

Retail Supply Chain Planning Software Predictive Analytics Software Price Reduction 130

Enterra Insights

SEPTEMBER 29, 2020

Hindsight — understanding of a situation or event only after it has happened — is important; however, foresight — the ability to predict or the action of predicting what will happen or be needed in the future — is even more important. The rush to omnichannel operations. Nelson also stressed operations need to be omnichannel.

Company 100

Company Manufacturing Procurement Omnichannel Procurement Analytics 100

Enterra Insights

FEBRUARY 8, 2022

Omnichannel retail operations became an essential element of the retail sector. Justin Swanson ( @ejsnyt ) reports, “Retail sales in the United States jumped nearly 11 percent this season compared with the holiday period in 2019, the year before the pandemic upended the global economy.”[1] Journalist E. ”[5].

Trends 130

Trends Retail Procurement Analytics Procurement Solutions 130

GlobalTranz

SEPTEMBER 19, 2017

To understand wide-ranging benefits and key concerns inherent in last mile logistics, your organization needs to understand what constitutes last mile logistics, it’s challenges, how it impacts e-commerce and omnichannel supply chains, why it is evolving, and how new technology improves it. . Penny Co, reports William B.

Logistics Network Optimization Software 250

Logistics Network Optimization Software Cost Reduction Strategies Transportation Purchasing Skills 250

TMC

FEBRUARY 11, 2016

Total eCommerce sales in November and December 2015 are expected to be around $69 billion, a 13% increase on the previous year, reports the Wall Street Journal [1]. In response to changing consumer buying preferences, retailers have implemented multichannel or omnichannel supply chains. This post is credited to Taylor Nicks.

Omnichannel 48

Omnichannel Supply Chain Software Logistics Network Optimization Software Modeling Software 48

Enterra Insights

SEPTEMBER 7, 2021

Being present across all channels means having a digital presence and Tranquill insists, “Omnichannel analytics are indispensable for today’s care centers and marketing operations.” People (and our purchasing decisions!) … Luckily, these days, you don’t have to gather such information manually. .

Sourcing Strategies 147

Sourcing Strategies Analytics Software Procurement Solutions Supply Chain Software 147

Enterra Insights

MARCH 25, 2021

Despite growing optimism about the end of the pandemic, retail correspondent Lauren Thomas ( @laurenthomas ) reports, “Coresight Research predicts as many as 10,000 stores could close in the U.S. If anyone was in doubt about the future of retail,” he writes, “the purchase of Debenhams by Boohoo has surely sealed the deal.

Retail 130

Retail Procurement Solutions Supply Chain Planning Software Supply Chain Design Software 130

Tompkins Blog

AUGUST 27, 2014

I recently read a July 2014 report titled “On Solid Ground: Brick-and-Mortar Is the Foundation of Omnichannel Retailing.” While there are a few points in the report that show some understanding of omnichannel, I also disagree with many of the points it presents and believe it only adds to today’s confusion surrounding omnichannel.

Omnichannel 53

Omnichannel Price Reduction Cost Reduction Strategies Purchasing Skills 53

Enterra Insights

JUNE 24, 2020

A new report from Coresight Research predicts that retail closures will rise exponentially in the U.S.to Thompson reports, “The U.S. Commerce Department reported that retail spending in March collapsed by the largest number on record. ”[4]. How bad are things? ” Where does retail go from here?

Retail 100

Retail Procurement Analytics Purchasing Skills Omnichannel 100

AB&R

NOVEMBER 20, 2023

The pandemic accelerated the Buy Online Pick Up in Store (BOPIS) model, which accounted for $72 billion in purchases in 2020, having greater inventory accuracy grew ever more important. As more follow in Walmart’s footsteps, we predict retailers purchasing your manufactured goods will also start asking for RFID-labeled items.

Manufacturing Procurement 52

Manufacturing Procurement Supply Chain Planning Software Modeling Software Forecasting Software 52

Enterra Insights

MARCH 18, 2022

Journalist Suzanne Kapner ( @SuzanneKapner ) reports, “After losing ground to e-commerce, bricks-and-mortar stores are back in style. ” The jump in e-commerce, coupled with the waning retail apocalypse, indicates that omnichannel operations are at a crossroads. The Importance of Omnichannel Operations.

Omnichannel 130

Omnichannel Expense Reduction Cost Reduction Strategies Inventory Reduction 130

ToolsGroup

AUGUST 12, 2022

With Google reporting that omnichannel shoppers have a lifetime value that is 30% higher than those who only shop via one channel, getting your omnichannel strategy right is critical to creating a customer experience that drives profitability. . That’s where omnichannel retail trends enter the equation.

Omnichannel 156

Omnichannel Optimal Sourcing Supply Chain Planning Software Inventory Reduction 156

Enterra Insights

MAY 9, 2022

Ready or not, retailers were shoved into the omnichannel world thanks to pandemic lockdowns beginning early in 2020. The Omnichannel Imperative. By evaluating where sales are happening based on actual purchase data, we see that omni customers — those who shop with a brand both online and in-store — spend significantly more.

Omnichannel 130

Omnichannel Retail Purchasing Skills Inventory Reduction 130

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). More than 40% of retailers have seen an increase in ‘intentional returns’ in the past year, according to an earlier report from Brightpearl.”

Reverse Logistics 100

Reverse Logistics Purchasing Skills Manufacturing Procurement Waste Reduction 100

SCMDOJO

AUGUST 16, 2023

The ability to analyze this data enables the retail giant to make informed decisions on product procurement, inventory management, and demand forecasting. One of the key elements of the EDLC policy is the direct procurement of items from suppliers, eliminating intermediaries in the process.

Inventory Reduction 74

Inventory Reduction Vendor Strategies Price Reduction Supply Chain Planning Software 74

Enterra Insights

JUNE 25, 2021

”[2] Both Brown and Miller base their predictions on the U.S. Census Bureau’s March retail trade report, which predicted a booming holiday season. That, in turn, implies more premium charges and even higher all-in costs for importers racing the holiday clock, which practically speaking, may be already ticking.”

Supply Chain Planning Software 130

Supply Chain Planning Software Supply Chain Planning Supply Chain Software Supply Chain Strategy 130

AB&R

APRIL 12, 2022

The pandemic accelerated the Buy Online Pick Up in Store (BOPIS) model, which accounted for $72 billion in purchases in 2020, having greater inventory accuracy grew ever more important. As more follow in Walmart’s footsteps, we predict retailers purchasing your manufactured goods will also start asking for RFID-labeled items.

Manufacturing Procurement 52

Manufacturing Procurement Supply Chain Planning Software Modeling Software Forecasting Software 52

RFgen

SEPTEMBER 7, 2018

The emergence of omnichannel retail has forced sellers with brick-and-mortar footprints to make major operational adjustments. While these innovations can certainly generate results, there are more effective methods for replicating the technology-centric, streamlined purchasing experience modern consumers find online.

Inventory Reduction 52

Inventory Reduction Inventory Management Software Resource Reduction Inventory Management 52

RFgen

SEPTEMBER 7, 2018

The emergence of omnichannel retail has forced sellers with brick-and-mortar footprints to make major operational adjustments. While these innovations can certainly generate results, there are more effective methods for replicating the technology-centric, streamlined purchasing experience modern consumers find online.

Inventory Reduction 52

Inventory Reduction Inventory Management Software Resource Reduction Inventory Management 52

Enterra Insights

SEPTEMBER 15, 2020

It does mean that retailers need to master omnichannel operations if they want to survive and thrive in the years ahead. The rise of omnichannel operations. Few analysts question the fact that consumers are increasingly taking the digital path to purchase — which increases the importance of omnichannel operations.

Omnichannel 100

Omnichannel Retail Modeling Software Supply Chain Planning Software 100

Enterra Insights

MARCH 19, 2021

Long before the pandemic forced shoppers online, the trend was clear: Consumers were increasingly taking the digital path to purchase. Long before the pandemic forced shoppers online, the trend was clear: Consumers were increasingly taking the digital path to purchase. Stephen DeAngelis. March 19, 2021. the firm concluded.”[5]

Procurement Solutions 130

Procurement Solutions Omnichannel Forecasting Software Predictive Analytics Software 130

Enterra Insights

FEBRUARY 23, 2018

Khadeeja Safdar ( @khadeeja_safdar ) and Imani Moise ( @MoiseNoise ) report, “Retailers had their best holiday sales since 2011, according to Mastercard SpendingPulse, which tracks payments in stores and online.”[1] ”[1] One of the primary reasons retailers are doing better is improved omnichannel operations.

Inventory Reduction 100

Inventory Reduction Omnichannel Price Mitigation Strategies Supply Chain Strategy 100

6 River Systems

JUNE 29, 2020

In other words, converting a vacant retail location into warehouse space is often less costly compared to building new industrial space from the ground-up, and in many cases, companies can lease or purchase these properties at an affordable cost – particularly for properties that have been vacant for years, leaving property owners anxious to sell.

Warehousing 52

Warehousing Retail Real Estate Demand Planning Software 52

Enterra Insights

JANUARY 6, 2022

There are several reasons the retail sector survived the pandemic — among those reasons were the adoption of omnichannel strategies and utilization of cognitive technologies (aka artificial intelligence (AI)). Below are a few ways retailers are using cognitive technologies to survive and thrive in an omnichannel environment.

Optimal Sourcing 173

Optimal Sourcing Retail Optimization Software Analytics Software 173

Enterra Insights

AUGUST 12, 2019

Metrics such as revenue growth, market share, earnings before interest and taxes, and lifetime customer value remain the hallmarks of corporate success, and digital strategies should align with these goals.”[2] ” Which of these enablers your enterprise embraces depends in large measure on the business model it adopts.

Modeling Software 127

Modeling Software Analytics Software Resource Reduction Procurement Analytics 127

Enterra Insights

OCTOBER 26, 2021

In the age of e-commerce, the digital path to purchase has a side trail called “Returns.” ” Journalist Suzanne Kapner reports, “The share of online purchases that are returned averages 30% or higher, depending on the category, three times the rate in physical stores.”[1] ”[4]. to return fraud.

Waste Reduction 130

Waste Reduction Reverse Logistics Inventory Reduction Cost Reduction Strategies 130

Enterra Insights

FEBRUARY 26, 2021

She reports, “I have exciting news for you. It’s essential that a consumer’s path to purchase on digital channels is smooth, enjoyable, and memorable for the right reasons.”[2]. According to Dan Frommer ( @fromedome ), founder of retail newsletter The New Consumer , the future of retail is omnichannel. ”[2].

Retail 100

Retail Procurement Analytics Just-in-Time North America 100

Enterra Insights

FEBRUARY 28, 2018

Jeff Wells ( @JeffWellsWH ) reports, “The current retail market is growing increasingly unfriendly towards traditional grocers. The answer to that question lies in many of the predictions being made about the future of online grocery sales. 1] There is anecdotal evidence in the grocery sector indicating this is already happening.

Manufacturing Procurement 100

Manufacturing Procurement Predictive Analytics Software Procurement Analytics Omnichannel 100

Enterra Insights

MARCH 5, 2018

New business models (like omnichannel operations) are emerging. Whole Foods offers Amazon the opportunity to experiment with retail analytics, customer traffic management and in-store preference-matching. Dan O’Shea reports, “Amazon was granted a U.S. Brick-and-mortar stores are closing at record rates.

Retail 100

Retail Supply Chain Network Software Analytics Software Procurement Analytics 100

Enterra Insights

JULY 12, 2022

2] She reports that the Consumer Brands Association (CBA) predicts, “Demand for consumer packaged goods is likely to remain elevated over pre-pandemic levels.” He explains, “It’s no secret that consumer behavior is rapidly evolving in response to e-commerce acceleration and omnichannel adoption.

Modeling 130

Modeling Predictive Analytics Software Optimization Modeling Predictive Analytics 130

Enterra Insights

JUNE 6, 2019

In a cheeky bit of journalism, Todd Bishop ( @toddbishop ) and Nat Levy ( @NatJLevy ) call one-day shipping Amazon’s new “Prime number.”[1] 2] Other trends include: The rise of supply chain disrupters; smart tech tracking; advanced analytics; insourcing; autonomous vehicles; and changing roles for delivery drivers.

Logistics Network Optimization Software 100

Logistics Network Optimization Software Logistics Analytics Software Supply Chain Software 100

Enterra Insights

APRIL 18, 2018

Analysts often write about the consumer digital path to purchase as if it were a single and straight forward course. In fact, consumer paths to purchase are increasingly complex. Digital path to purchase complexity. The biggest advance in the digital path to purchase came with the introduction of the smartphone.

Manufacturing Procurement 100

Manufacturing Procurement Procurement Analytics South Africa Omnichannel 100

Talking Logistics

NOVEMBER 15, 2013

Amazon to Begin Sunday Deliveries, With Post Office’s Help ( Wall Street Journal ). Pushes Omnichannel Focus ( Women’s Wear Daily ). Truckers Tire of Government Sleep Rules ( Wall Street Journal ). to Dallas,” the article reports, “[Mr. Freight Shipments Rose 0.8% in September from August.

Logistics Network Optimization Software 134

Logistics Network Optimization Software Supply Chain Planning Software Supply Chain Risk Management Modeling 134

Intelligent Audit

JUNE 26, 2019

As a byproduct of this shift, carriers that ship items purchased online have benefitted greatly from increased volumes and demand. Case in point: Earlier this week, the Wall Street Journal reported that FedEx was planning to deeply discount pricing for its air Express network – cutting them to be the same as ground shipping.

Price Reduction 71

Price Reduction Purchasing Skills Cost Reduction Strategies Sourcing Strategies 71

Logistics Bureau

JULY 11, 2018

As it is, even Amazon’s full potential is stifled by the existence of silos, as revealed in a Wall Street Journal report in 2017. Today’s consumer increasingly expects to be able to order a product online, pay for it in one shop, and take it back to another shop for a refund if dissatisfied with the purchase.

Agile and Lean Supply Chain 84

Agile and Lean Supply Chain Supply Chain Design Software Supply Chain Software Trends 84