This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
The DOE is still issuing large federal loans to startup companies, Novonix a synthetic graphite startup just received a $755 million loan to support its mission and reach its goal of producing 31,500 metric tonnes of synthetic graphite.
Setting the Stage The National Retail Federation’s 2025 conference has unveiled a clear vision of retail’s future, where artificial intelligence, integrated planning solutions, and customer-centric approaches are reshaping the industry landscape. Here are the key insights we gathered firsthand at this year’s event.
Complexity and precision data within the transportation and shipping industry require refinement in measuring and recording metrics. That is where multimodal metrics that leverage transportation data can make all the difference.
Solvoyo has a metric they call the user acceptance rate. This metric measures the percentage of time the planners accept replenishment, transportation, or inventory plans as they are without any change in the timing of the delivery or the quantity to be delivered. At one of their customers, A101, Solvoyo says they have reached a 99.5%
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. However, using metrics that can be easily tracked and updated is recommended.
The research methodology for the Supply Chains to Admire compares the performance of a company against its industry peer group for the metrics of Year-over-Year Revenue Growth, Inventory Turns, Operating Margin, and Return on Capital Employed (ROCE). For 80% of industries, the supply chain metrics represent more than 40% impact on value.
billion rate data points monthly to provide the most comprehensive view of the market, helping you identify savings opportunities and make data-driven decisions. Our platform can be deployed alongside your current solutions, providing immediate value without disrupting established workflows.
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. He specializes in the digitization of Retail & CPG companies.
Then I go to a conference like Logimed USA, and I get immersed in another industry—like medical devices—which is a decade behind CPG/retail, and I get a reality check. Primarily because of better communication on the retail requirements and the tracking of the shipments. The book, Metrics That Matter , is almost finished.
Retailers know firsthand how quickly the market can change. Continuing Disruptions in Transportation and Sourcing Materials After the pandemic, retailers are faced with new challenges and disruptions due to global conflicts, trade restrictions, and now recessions. The retailers feel the impacts of the recession fast and deeply.
If you’re shipping into big-box retailers, retailer scorecards are an essential part of doing business. This blog breaks down what retailer scorecards are, what they measure (including OTIF), how they vary by retailer, and how you can improve your performance to avoid costly penalties. What Is a Retailer Scorecard?
With the advent of globalization, the Internet, and more recently, the proliferation of mobile technology into every aspect of our lives, there has been a remarkable shift in the world of retail from a product-centric to customer-centric model. What is Lean Retail? The impact of lean retail on supply chain management.
Wholesale channels are no longer a backup channel for retailers. Smart retailers are planning their wholesale channels just as strategically as they leverage storefronts and e-commerce. Optimize inventory productivity across all channels with JustEnough v2023.4 In our latest release, JE 2023.4,
What is the Perfect Delivery Metric? Improving on this metric will always involve a focus on people and processes, but often also includes implementing new, more robust, supply chain applications. The wrong metrics drive suboptimal behaviors and metrics can often be manipulated.
Retail planning customers can isolate, measure, and manage the influence on weather on their businesses. Planalytics weather-driven demand analytics integrate with ToolsGroup retail planning solutions including demand forecasting , dynamic retail allocation , and replenishment software. About Planalytics. Planalytics, Inc.
Despite legislation, in 2022, the world generated 62 million metric tons of e-waste, according to the United Nations Global E-waste Monitor. million 40-metric-ton trucks which, if placed bumper-to-bumper, would form a line long enough to wrap around the equator. This waste could fill more than 1.5
In the last decade, ecommerce was a permissible and desirable channel only for retailers. They were afraid of retail retaliation. Today, only 58% of retailers have a good PI signal in their stores, and only 60% have a good PI signal in their distribution centers. In 2014, ecommerce strategies grew in importance.
billion rate data points monthly to provide the most comprehensive view of the market, helping you identify savings opportunities and make data-driven decisions. Our platform can be deployed alongside your current solutions, providing immediate value without disrupting established workflows.
A disruption at any point in the global logistics network including the average of 12 touch points from shipment packaging to final delivery can prove disastrous for profits, service levels, customer loyalty, and other key metrics. With the global e-commerce market predicted to reach $8.1
Ending 2019 with a deduction bill for poor customer service to retailers in the United States of 10 million, the global team asked me to help the team improve customer service. Use data and new metrics systems to free the organization from the ball and chain of corporate politics. I rolled up my sleeves to understand the issue.
It is now our fifth year of analyzing balance sheets to understand which companies are outperforming their peer groups on the metrics of growth, operating margin, inventory turns and Return on Invested Capital (ROIC) while driving improvement. Due to increased competition, retailers are taking supply chain management more seriously.
Today’s business goals include financial as well as operational metrics, the trade-off between cost and service is only one of a number of competing priorities. New KPI’s are also being prioritized, including sustainability metrics. Business based outcomes. Optimization and analytics.
Retail is detail. And there is a lot of ‘detail’ for retailers to manage and factor into the business every day. Despite knowing all this, too many retailers ignore the impact of weather and this adds error to plans and demand forecasts. How Weather Influences Retail Demand. It all evens out in the end.
Retail customers need more than just an omnichannel experience. They need retailers to deliver dynamic, unified commerce experience. To guarantee customer-centric experiences across every retail channel, retailers need to create agile, resilient operations to adapt to changing consumer behaviors.
Learn how to harness clean retail data across every team and system to improve decision-making and drive real business outcomes. Days at CPG companies are as varied as the products they create, the markets they serve, and the retailer partners they supply.
Aligned Metrics. To ensure the management of the complex system, the metrics of operating margin, inventory turns, ROIC, customer service, revenue, and forecast accuracy need to be managed together as a non-linear system. What percentage of retail out-of-stocks could be prevented by the manufacturer in these industries?
Stockouts and overstocks carry serious consequences : the global retail industry loses an estimated $1.75 trillion annually due stockouts, while overstocks tie up capital, inflate storage expenses, and force profit-killing markdowns. Every day spent with suboptimal inventory optimization means lost revenue and opportunity.
This spike in home deliveries disrupts supply chains and increases planning complexity for retailers and express companies. The 2020 State of Retail Supply Chain Report shows us that only a few retailers are equipped with a planning optimization system that can truly support future developments and changes, both known or unknown.
Last week I attended the annual National Retail Federation (NRF) Big Show in New York City. The usual themes were still very present as solution providers and retailers alike were more than happy to talk about omni-channel, mobility, robotics, and machine learning, to name a few.
As a result, the metrics have to be viewed together as a pattern over time. In the journey, the supply chain leader needs to improve the potential of a portfolio of metrics. The metrics of growth, Return on Invested Capital, Inventory Turns and Operating Margin have the highest correlation to market capitalization.
And one thing’s for sure: Retail is not for the faint-hearted. Retailers face more competition than ever before due to the evolution of technology that has morphed the traditional shopping experience from being purely physical into the digital and omnichannel realm. Why does open-to-buy matter to retailers?
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. Frequent Shopper. Market specialists.
With the shift of power to the retailer, both have had to add headcount to manage the increased demands for sales to staff account-specific teams to better manage against retailer expectations. Closing the gaps happens when there are aligned metrics, clarity of vision and aligned planning processes. Metrics Alignment.
Retailers rely heavily on promotions, which can account for between 10% and 45% of their total revenues, according to research from Boston Consulting Group. In today’s dynamic retail landscape, promotions are undeniably a potent tool for driving sales and customer engagement. ” signs and “50% OFF!”
For retail and consumer packaged goods (CPG) companies, the busy shipping season came early. Retailers and CPG companies are adjusting their supply chain strategies to delay the final positioning of inventory, allowing them to better meet regional demand without over-investing in warehousing.
What happens when retailers invest in scalable and collaborative data infrastructure? The way retailers and suppliers interact with data has transformed dramatically. At the same time, these systems strengthen retailer ownership of first-party data intelligence, enhancing the success of revenue-generating retail media programs.
Karl is the CEO and Co-founder of Pull Logic , an AI-enabled tech company focused on reducing lost sales for retailers, brands, and manufacturers due failure points in the supply chain and selling processes. trillion problem of “Inventory Distortion” as defined by the retail advisory firm, IHL Group. Summary: Solving the $1.8
The latter refers to a single variable standard (SVS), by which one metric, such as cases per hour, is expected to tell all. What’s more, because an SVS approach only accounts for one metric at a time, a host of other equally if not more important metrics are bypassed, leaving you largely in the dark. Ad infinitum.
OTIF is a key supply chain metric. Andrew Lynch is President and co-founder of Zipline Logistics , an award-winning North American 3PL that specializes exclusively in the transportation of retail consumer goods. In recent years, many large retailers began using OTIF to measure their supplier’s performance. About Andrew Lynch.
A planner could ask the SCP engine to achieve 95% service, with CO2 emissions under a million metric tons at a given factory in the coming month. How much of a given stock keeping unit will need to be shipped to each of our retail customer’s distribution centers in the coming week? This would be a three-way tradeoff.
On Monday, March 8th, a vice president of supply chain for a large retail chain – a chain with over 5,000 stores – spoke at Körber’s supply chain conference Elevate. This retailer seeks to become a leader in employing people with disabilities. Safety is a key metric at the company. The Disabled Workers Program.
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 Retailers estimate 13.7 percent, or $24.5
Whether it be e-commerce, brick-and-mortar, or both, retail companies care about the inventory they keep. Use retail promotion analytics to generate past sales data, organize the data, process the data, and generate recommendations and actions. He specializes in the digitization of Retail & CPG companies.
Optimization engines to improve functional metric performance resulted in an exploding number of planners. Let’s take a couple of examples: Retail Available to Promise (ATP). A major retailer has 33 instances of Manhattan. The second node is COV of retail replenishment/COV of the order signal to the manufacturer.
We organize all of the trending information in your field so you don't have to. Join 102,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content