Remove Logistics Remove Metrics Remove Procurement Analytics Remove Retail
article thumbnail

Four Ways of Using Cluster Analysis in Retail Management to Improve Sales

Logistics Viewpoints

The retail industry is rich with data. 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. Four Ways of Using Cluster Analysis in Retail. This is where advanced analytics and AI/ML techniques help.

article thumbnail

What Are Retail KPIs? The Most Important Retail Metrics in 2023

ShipBob

As a retailer, so much of your time and energy goes into managing your inventory , streamlining your logistics, building partnerships, and curating the customer experience. To find out, you’ll need to track Key performance Indicators, or KPIs, for your retail business. What is a retail KPI?

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Freight Procurement is a Different Game

Logistics Viewpoints

Procuring transportation for freight is much different than any other procurement category. Transportation procurement needs to support both customer service and a company’s internal supply chain goals. One master of freight procurement is Kyle Masters. Procurement ran a request for proposal event.

article thumbnail

This Week in Logistics News (January 27 – February 2)

Logistics Viewpoints

And now on to this week’s logistics news. The retailer plans to double the number of sites in the coming years and currently operates more than 55 dedicated same-day sites across the U.S. As more consumers shop online and send back more of those orders, retailers have moved to crack down on fraud. Retailers estimate 13.7

article thumbnail

Top 6 Retail Trends & Supply Chain Planning Challenges in 2023

Logistics Viewpoints

Retailers know firsthand how quickly the market can change. That’s why staying on top of the latest supply chain planning trends is so important – they can make all the difference when it comes to staying competitive, reducing costs, and meeting your customers’ needs.

article thumbnail

The Most Important Distribution Center Metrics to Track and Understand

GlobalTranz

Throughout the supply chain, the use of metrics to track and understand processes provides an invaluable resource for ensuring increased production and customer satisfaction. What Distribution Center Metrics Need Tracking? However, the most important metrics can be categorized into the following eight areas. On-Time Shipping.

article thumbnail

The Future Of Retail: Technologies Enabling Q-Commerce Growth

Logistics Viewpoints

According to OECD, during the pandemic, brick-and-mortar retail services such as food services saw 7.7% drop in sales while non-store retailers (mostly E-Commerce providers) achieved 14.8% It is now possible for Q-commerce companies or retailers to use this model. increase with their sales in the U.S. Route Optimization.