ShipBob

FEBRUARY 3, 2023

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? Why are retail metrics important?

Procurement Analytics 52

Procurement Analytics Metrics Retail Inventory Reduction 52

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

Procurement Academy

JANUARY 25, 2021

The retail staff is the most significant stimulus for the customer’s purchase decisions. It becomes critical to pay close attention to how the retail employees work, and here’s a platform to improve their performance. Retail Academy is the newest venture of Procurement, Supply Chain, and Sales Academy.

Procurement Analytics 98

Procurement Analytics Buyer Training Purchasing Skills Retail 98

ShipBob

JULY 30, 2021

Imagine this scenario: A customer browses sunglasses on your online store but leaves without making a purchase. L ater, while they’re browsing through their Instagram feed, they notice an ad displaying a previously viewed product and a 20% discount off their first purchase. They click on the ad, which leads to a purchase.

Omnichannel 52

Omnichannel Inventory Management Software Forecasting Software Optimization Software 52

Enterra Insights

MARCH 25, 2021

The light shining in many a retailer’s eye is a reflection of hope that the pandemic is beginning to wind down. 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.

Retail 130

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

Enterra Insights

MAY 31, 2019

Many retailers are struggling to deliver on this expectation.”[1] 1] Sometimes three-day delivery, or even overnight delivery, isn’t fast enough — which is why click-and-collect schemes have joined other retail order fulfillment channels. To meet changing consumer behavior, retailers are finding omnichannel strategies essential.

Price Reduction 100

Price Reduction Cost Reduction Strategies Sourcing Strategies Omnichannel 100

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 75

Supply Chain Planning Software Supply Chain Software Supply Chain Network Software Demand Planning Software 75

Enterra Insights

FEBRUARY 8, 2021

Everyone knows the retail sector has experienced some tough going over the past couple of years. According to Susan Reda ( @Susan_Reda ), Vice President for Education Strategy at the National Retail Federation, “The U.S. can expect the long tail impact of the COVID-19 pandemic to be felt in the retail industry for months to come.”[1]

Trends 100

Trends Retail Predictive Analytics Software Manufacturing Procurement 100

ThroughPut

JULY 24, 2022

The retail industry has been witnessing unending turmoil over the last couple of years by way of a series of challenges – ranging from shifts in purchasing habits and consumer demands to the vagaries of a relentless global pandemic that continues to trigger seismic upheavals. Focus on both top and bottom-line growth.

Supply Chain Planning Software 96

Supply Chain Planning Software Supply Chain Software Forecasting Software Optimization Software 96

Enterra Insights

JULY 30, 2021

As Tom Standage ( @tomstandage ), editor of The Economist ‘s ‘ The World in 2021 ‘, reminds us, the digital path to purchase is increasingly becoming the customer journey of choice. ”[2] Were that survey conducted today, I suspect an even larger number of consumers would report losing confidence in the supply chain.

Purchasing Skills 100

Purchasing Skills Procurement Solutions Procurement Analytics Supply Chain Software 100

Enterra Insights

NOVEMBER 5, 2018

Brick-and-mortar retailers continue to declare bankruptcy at an alarming rate. Ben Unglesbee ( @Ben_RetailDive ) and Cara Salpini ( @CaraSalpini ) bluntly write, “Last year was a dismal one for certain retailers. Think department stores and specialty retailers, especially those selling apparel.) Bad retail is dead.”[2].

Retail 100

Retail Supply Chain Planning Software Analytics Software Forecasting Software 100

Enterra Insights

MARCH 27, 2019

Retailers have always been curious about the paths consumers take when they decide something needs to be purchased. When the Internet and World Wide Web introduced consumers to online shopping (aka e-commerce), the path to purchase became much more complex. Today the digital path to purchase is growing in importance.

Procurement Analytics 100

Procurement Analytics Manufacturing Procurement Procurement Solutions Purchasing Skills 100

Procurement Academy

JANUARY 25, 2021

The retail staff is the most significant stimulus for the customer’s purchase decisions. It becomes critical to pay close attention to how the retail employees work, and here’s a platform to improve their performance. Our Retail eTraining ensures that the workforce structure of a retail organization remains strong.

Buyer Training 52

Buyer Training Purchasing Training Price Mitigation Strategies Training 52

ShipBob

MARCH 2, 2023

A Salesforce report found that almost 90% of shoppers consider the customer experience as important as the company’s products or services. The type of retail experience speaks volumes about the quality of your products and how much you value your customers. So, how exactly do you create an exceptional retail experience?

Retail 52

Retail Eliminating Excel in Purchasing Purchasing Skills How To 52

Enterra Insights

JANUARY 14, 2022

When retailers join in — which is most of the time — dance steps become even more complex. Most business consultants today urge CPG manufacturers and retailers to become consumer-centric and demand-driven. Nominal income gains were reported by survey participants, but half of all families anticipated reduced real incomes next year.

Manufacturing Procurement 130

Manufacturing Procurement Supply Chain Planning Software Packaging Supply and Demand 130

Enterra Insights

MAY 20, 2020

Normally, by this time of year, retailers are well into their planning for the end-of-year holiday season. As Shea notes, “Between disruptions to manufacturing and supply chains and shifts in consumer behavior and purchase decisions, the retail industry will continue to be hit on both the supply and demand sides.”

Retail 100

Retail Purchasing Skills Price Reduction Scenario Planning 100

SupplyPike

MAY 14, 2020

Supply Chain Management (SCM) is a systematic and controlled procurement operation. Procurement usually comprises a diverse range of suppliers chosen according to a conceived ability to supply merchandise at the right price. Five Key Metrics for Monitoring the Impact of Panic Buying on your Supply Chain. Inventory Map.

Supply Chain Planning Software 98

Supply Chain Planning Software Supply Chain Software Supply Chain Planning Procurement Analytics 98

TMC

FEBRUARY 11, 2016

The 2015 peak holiday season highlighted changes that are transforming the retail industry. It also shed light on the key role that transportation management system (TMS) solutions play in helping retailers respond and adapt to the emerging industry landscape. Often I go to a brick and mortar retailer to touch and feel the product.

Omnichannel 48

Omnichannel Supply Chain Software Logistics Network Optimization Software Modeling Software 48

Enterra Insights

APRIL 14, 2021

Despite these efforts, consumers report significant gaps in enterprises’ ability to make digital experiences easy, to earn their trust, and to deliver desirable results.” ”[3] In this era of omnichannel operations, Aerdts insists that companies must make consumers feel like each experience is better than the last.

Analytics Software 113

Analytics Software Predictive Analytics Software Supply Chain Software Sourcing Strategies 113

o9 Solutions

AUGUST 12, 2021

In the meantime, customer preferences and shopping behavior keep changing, impacting the entire retail supply chain industry. A digital transformation of supply chain processes is key in maintaining margins and service amidst these changes so that retailers can quickly analyze, optimize, and evaluate complex decisions before taking action.

Modeling 52

Modeling Price Reduction Inventory Reduction Resource Reduction 52

ShipBob

APRIL 20, 2022

For instance, omnichannel retail would require a strategic decision about the sales channels you plan to utilize and how to combine them seamlessly. One of the most important considerations is the business model–whether you plan on general B2C ecommerce retail or go the B2B ecommerce route and get into wholesaling.

Retail 52

Retail Sourcing Strategies Purchasing Skills Price Reduction 52

Supply Chain Management and Analytics

DECEMBER 9, 2020

However, Project Management Institute (PMI) reports that 14% of IT projects fail outright before completion, 31% fail to meet their goals after completion, 43% exceed their budgets, and 49% are late. . Simply put, the RFI/RFQ/RFP process does not fit with the realities of the SaaS business model. 2) It takes valuable time.

Supply Chain Design Software 52

Supply Chain Design Software Supply Chain Planning Software Modeling Software Optimization Software 52

ToolsGroup

AUGUST 12, 2022

In a world where customer expectations are higher (some food delivery services actually put the groceries right into your fridge), and where customers select retailers based on products being in stock and reliability of delivery, optimizing the customer experience is a must to stay on top. . What is the Omnichannel Retail Experience?

Omnichannel 156

Omnichannel Optimal Sourcing Supply Chain Planning Software Inventory Reduction 156

Enterra Insights

SEPTEMBER 13, 2018

She explains, “It is worth noting that the processes of the last decade were vertical supporting the strong silos of make, source and deliver. Silos and Omnichannel Operations. E-commerce has wreaked havoc in many retail supply chains. Notably, costs related to shipping processing returns are down for these retailers.

Cost Reduction Strategies 100

Cost Reduction Strategies Inventory Reduction Omnichannel Supply Chain Software 100

Unleashed

DECEMBER 10, 2023

An enterprise resource planning (ERP) system is a software solution that integrates and manages various parts of your business, such as sales, finance, marketing, planning, human resources, and procurement. An ERP system is designed to manage back-office processes, such as production scheduling , material planning, accounting, and reporting.

Inventory Management Software 52

Inventory Management Software Supply Chain Design Software Supply Chain Planning Software Demand Planning Software 52

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

Cognira

OCTOBER 27, 2023

Retail Media Networks: Bridging the Gap to Omnichannel Success October 27, 2023 Promotions Home In an increasingly competitive retail landscape, setting your brand apart is no easy feat. This blog delves into the best practices for harnessing the power of RMNs to achieve omnichannel fulfillment.

Supply Chain Network Software 52

Supply Chain Network Software Omnichannel Network Optimization Optimal Sourcing 52

ModusLink Corporation

DECEMBER 13, 2022

Carrier rates are declining across the board, and Seatrade Maritime News reported an “expected trough of freight rates to mid-2023 from 2024 with a lower demand forecast and a higher than expected effective capacity increase due to the unwinding of congestion. Cybersecurity Risk Management Will Grow More Important in Omnichannel E-Commerce.

Agile and Lean Supply Chain 78

Agile and Lean Supply Chain Supply Chain Software Supply Chain Planning Software Trends 78

Enterra Insights

OCTOBER 14, 2020

”[2] Given the paradigm shift in consumer behavior, brands and retailers need to understand how the consumer landscape has changed and what they can do to succeed in this new environment. He drew that conclusion from recent surveys and an interview with Shalabh Shalabh, Chief Growth Officer at LatentView Analytics. ” 2. .

Purchasing Skills 100

Purchasing Skills Manufacturing Procurement Predictive Analytics Software Modeling 100

AB&R

NOVEMBER 20, 2023

The retailing giant was the first to introduce the idea, but history shows, it was not an overnight success. Anyone familiar with Automatic Identification and Data Capture (AIDC) during the time knows that Walmart’s initial vision was exciting yet ambitious, being that they were the first major retailer to require the technology.

Manufacturing Procurement 52

Manufacturing Procurement Supply Chain Planning Software Modeling Software Forecasting Software 52

Supply Chain Matters

MARCH 5, 2022

Intelligent procurement technology provider JAGGAER announced the finalization of a partnership with TealBook , a tech provider that leverages artificial intelligence and machine learning to gather, predict and refine supplier data and to provide companies with additional product sourcing options.

Supply Chain Planning Software 52

Supply Chain Planning Software Supply Chain Software Predictive Analytics Software Prescriptive Analytics Software 52

Enterra Insights

OCTOBER 7, 2019

There’s been increased use of mobile phones and smartphones, interfaces for websites and mobile apps have improved, and there’s been a notable expansion of crowd-sourced business models to shopping and delivery.”[1] ”[1] He draws those conclusions from a Packaged Facts research report published last year.

Modeling Software 100

Modeling Software Supply Chain Planning Software Logistics Network Optimization Software Procurement Analytics 100

Unleashed

JANUARY 4, 2022

2020 brought the world a global pandemic and with it multiple changes to the retail industry and how people shopped. Businesses learnt to adapt to the rapidly evolving retail landscape by leveraging the tools and trends that have shaped an overwhelming year for multichannel eCommerce retail.

Trends 98

Trends Modeling Software Predictive Analytics Software Supply Chain Planning Software 98

ivalua

OCTOBER 8, 2021

Retailers have faced a tough year in the last 12-18 months, and while recovery seems to be in progress, they still have some work to do. During the pandemic, Procurement flexed its muscle, helping to mitigate supply chain disruptions and enable new channels for engaging with customers and fulfilling orders. Decentralize Procurement.

Optimal Sourcing 130

Optimal Sourcing Material Savings Procurement Analytics Procurement Solutions 130

Vinculum

APRIL 26, 2022

These days brands are focused more on adopting Omnichannel Retail in terms of growth prospects to catch the eyes of the viewer. With the help of Omnichannel, consumer engagement increases both online and offline modes to enhance sales in the marketplaces. The post Why should Brands Adopt Omnichannel Retail in 2022?

Omnichannel 52

Omnichannel Inventory Reduction Cost Reduction Strategies Inventory Management Software 52

Enterra Insights

JANUARY 14, 2021

These men were successful retailers and learned early in their careers that the success of their stores depended on the happiness of their customers. The rise of analytics has positioned companies to achieve closer customer analysis — on a far greater scale than feedback surveys or social media comments. ” Predictive analytics.

Customer Service 100

Customer Service Analytics Software Predictive Analytics Software Modeling Software 100

Supply Chain Game Changer

AUGUST 21, 2019

According to Stephan Serrano at Barilliance , click & collect is an “omnichannel retail strategy where shoppers order their items online and pick them up in store.”. This hybrid model marries the digital and brick-and-mortar retail experience for a seamless and streamlined customer transaction.

Purchasing Training 52

Purchasing Training Cost Reduction Strategies Resource Reduction Purchasing Skills 52