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

Logistics Viewpoints

Price index and price elasticity are useful metrics on their own, and a combination of these can help determine the right price point to maximize revenue and profit. Since there are often differences in store sizes, a metric representing the size can be added as well for a two-dimensional clustering approach. Asena holds B.S.

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Top 6 Retail Trends & Supply Chain Planning Challenges in 2023

Logistics Viewpoints

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. Here are some highlights from these trends in 2023 and implications on supply chain planning. in 2021 compared to the year before.

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Top Digital Supply Chain Cities in the U.S.

Material Handling & Logistics

San Francisco Bay area. San Francisco Bay area. New York City. Media Type. Media Caption. New York City. Privacy Settings. anonymous user. DataTable subpages. Media Image. transactionID. cb437ab9-5bbc-4df8-ad7b-c9e11d83b205. workspace://SpacesStore/257ffaac-af24-42c7-bfac-85a5821dd793. Media Type. Media Caption.

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Making Supply Chain Planning Agile With Modular Planning Technologies

Logistics Viewpoints

This means we need more agile, flexible, and scalable planning platforms to process and consolidate new data sources, drive insights using advanced analytics such as AI/ML to drive autonomous decisions, and expand collaboration within and outside our organizations. We need planning platforms to keep up with all the changes. Yosun holds B.S.

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This Week in Logistics News (April 8 – 14)

Logistics Viewpoints

“Around 0600 Pacific Time Tuesday morning, multiple Waymo vehicles in San Francisco encountered very dense fog and determined they should pull over temporarily,” a company spokesperson said. The chain has also purchased most of its paper-based packaging with fiber from responsibly managed forests and recycled sources.

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Wanted: Supply Chain Architects!

Supply Chain Shaman

Much to my chagrin, when I entered into the world of supply chain, the processes of source, make and deliver were usually not designed. Instead, I think that it needs to be holistic to balance the trade-offs of source, make and deliver together. (I know… I am showing my age.). Let me continue with my story.

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Top 10 Supply Chain Innovations of 2018

Material Handling & Logistics

The retail giant plans to take out 50 million metric tons (MMT) by 2030, which is equivalent to the emissions associated with the average annual electricity consumption of 40 million Chinese households. Supply Chain Innovators of 2013 : paperless food chain, VLMs, cold chain fleet management, and more. Warehouse Automation. Media Type.