Retailers must optimise their pricing strategies for affordability during the golden quarter, says Oxylabs

Manufacturing & Logistics IT

Recent figures from the CBI has revealed ‘retail sales fell at its fastest pace in four months in October’ as people reined in spending in the face of more coronavirus restrictions

5 Inventory Reduction Strategies to Drive Cost Savings

EazyStock

So it makes sense to look for ways to reduce inventory and keep levels under control! What are the potential cost savings from inventory reduction? However, simply cutting inventory across your entire product range is not the approach to take. Supplier lead time reduction.

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16 Cost Reduction Strategies in Inventory Management

Unleashed

So your company is looking to reduce costs, and you’ve been asked to contribute by reducing your inventory cost. Here we explain how you can do this with 16 cost reduction strategies in inventory management?that that are each proven to reduce a company’s costs.?

The 15 Best Ways to Reduce Inventory and Cut Costs

Unleashed

One major aspect of running a lean business is reducing inventory – that is, a reduction in the amount of inventory your organisation keeps on hand at a given time. In this article we outline the 15 best methods you can use to reduce inventory: Why do businesses reduce inventory?

Will Greater Data Granularity Lead to Better, Faster Decisions?

Speaker: Dave Food, Strategy Director at Prophetic Technology

With the increasing granularity of data coming from consumption points through extended data ecosystems of the Internet of things and with the integration of networks meaning net real-time change can be dynamically modeled and executed, what is the role of Supply Chain planning? Join Dave Food, Strategy Director of Prophetic Technology, on December 11th and learn how data is changing your supply chain!

Peloton’s Supply Chain Strategy Turnabout

Supply Chain Matters

This week, the company announced a reversal in manufacturing and supply chain strategy, as well as a major turnabout. Supply chain strategy, process, talent and enabling technologies each play important roles. Change of Leadership and Overall Business Strategy.

Transportation Strategies for Continued Success

Logistics Viewpoints

A TMS offers optimization capabilities across multiple modes to improve service levels and reduce freight spend. Below are some transportation strategies for success for suppliers of TMS, TES, and MTS. Improve Pricing Flexibility.

What is Capacity Planning? Supply Chain Planning’s Feng Shui Strategy for Success

ToolsGroup

Think of it like The Price is Right: You’re trying to get as close as you can to the target without going over. The strategy part is key: If successful, your supply chain is better equipped to ensure you can meet forecasted demand. Reduce stock-outs. Capacity Planning Strategies.

Cutting Emissions Through Better Transportation Planning

Logistics Viewpoints

Running more efficient routes, with more fully loaded trucks, saves money and reduces emissions. The desire to improve service, reduce cost, and reduce emissions, is part of the reason their customer Unilever selected their solution.

Limitless Cost Reductions: Fallacy or Feasible?

LevaData

For those in discrete manufacturing, one of the most widely accepted truths is that continued cost reductions are vital for both success and survival. Organizations continue to push their supply management teams to find new, innovative ways to reduce costs and protect profits.

What Resilience Means in 2021

Speaker: Scott Wooley, President of Thermal Packing Solutions at Atlantic Tape and Packaging

If you thought your supply chain was resilient before 2020, you may have been proven very wrong. If your supply chain is still feeling the effects of the pandemic, you may feel that the insights and lessons are yet to be distinguished among the mess--that's what we're here for. Join Scott Wooley, President of Thermal Solutions at Atlantic Tape and Packaging, and redefine what a resilient supply chain is.

Are Ocean Freight Prices Absolutely Broken?

Freightos

Just take a look at pricing fluctuations for Suntory’s Yamazaki 12 Year Old. Their “overperformance” quickly prompted accusations of profiteering or price manipulation, and even a couple government inquiries. And if not, why have prices been skyrocketing when demand is not?

Success Strategies for Demand Forecasting in Supply Chain

ToolsGroup

Demand forecasting in supply chain management is the process of predicting demand, supply, and pricing for products. Download our ebook: Demand Forecast Is Why You Need to Adopt a Service-Driven Supply Chain Strategy.

Why Pricing Strategy and Supply Chain Management Must be Tied at the Hip

Blue Ridge

In a chat last week with PYMNTS.com, Blue Ridge CMO Ed Rusch explained that historically, a silo that separates pricing strategy from supply chain management and sales planning can be financially detrimental to a B2B organization. Articles Blogs Sticky Planning + Pricing Solutions

Recession Ready – Time to cut smart

Proxima

” This conclusion is unlikely to come as a surprise, but conclusions can mask the difficulties in the front-line implementation of boardroom strategies. Productivity isn’t easy to come by and certainly isn’t optimized through indiscriminate cuts. Further strategies?

A Bitcoin Price Drop! Why?

Supply Chain Game Changer

Bitcoin price drop article and permission to publish here provided by Jean Nichols. This is quite shocking to see how one news about bitcoin can adversely affect its price. Any current event or news are the major factors that affect bitcoin’s price. Subscribe Here!

Retail Pricing Strategies to Reverse Margin Erosion

Blue Ridge

These retail pricing strategies can reverse margin erosion. The post Retail Pricing Strategies to Reverse Margin Erosion appeared first on Blogs, Whitepapers, News & Customer Success Stories from Blue Ridge. Blogs Pricing Retail Supply Chain Planning

Retail Pricing Strategies to Reverse Margin Erosion

Blue Ridge

These retail pricing strategies can reverse margin erosion. The post Retail Pricing Strategies to Reverse Margin Erosion appeared first on Blue Ridge. Blogs and Articles pricing retail supply chain planning

Pricing Strategy #6: You Can’t Afford to Over-Rely on Cost-Plus Pricing vs. Science

Blue Ridge

Cost-plus pricing is an unwise strategy that ignores the science behind margins. Machine learning tools should be central to your post-pandemic pricing strategy. Blogs Pricing Supply Chain Planning

Tools 52

Are Ocean Freight Prices Absolutely Broken?

The Logistics & Supply Chain Management Society

Just take a look at pricing fluctuations for Suntory’s Yamazaki 12 Year Old. Their “overperformance” quickly prompted accusations of profiteering or price manipulation, and even a couple government inquiries. And if not, why have prices been skyrocketing when demand is not?

7 Mini Case Studies: Successful Supply Chain Cost Reduction and Management

Logistics Bureau

If you were to tell me that your company had never looked at its supply chain costs and sought to deliver reductions, I would be mightily surprised. On the other hand, if you told me your company hasn’t been able to sustain any progress in supply chain cost reduction, I wouldn’t be surprised at all. This operation was proving too costly and too slow, so the company launched an initiative to achieve a 10% supply chain cost reduction within four years.

What Is Retail Distribution? Strategy & Best Practices

ShipBob

As a result, you need an optimized retail distribution strategy for better efficiency and cost savings. In this post we’ll give you a closer look at what retail distribution is, how it works, and how you can choose or optimize your retail distribution strategy.

Can Your Current Manufacturing Strategies Ensure Future-Proof Operations?

DELMIA Quintiq

The way forward implies resiliency in all aspects of the business, and for manufacturing in particular, this means implementing the right strategies as stepping stones to build and drive strategic flexibility. Key manufacturing strategies for competitive, future-proof operations.

Reduce Excess Inventory While Protecting Margins with a Pricing and Promotion Analysis  Solution

Logility

About 31% of grocery products consumers looked for were out of stock in the first week of April, according to Datasembly , a research firm that monitors grocery and retail pricing. So, what happens when you have the wrong product mix priced too high during a period of high inflation?

Executing Customer-Centric Supply Chain Strategies

Supply Chain Shaman

About twice a month, companies ask me to review their strategy documents. Frequently, I see the goal of “build a customer-centric strategy” or define an “end-to-end vision to deliver on the customer promise.” It requires a careful execution of strategy and the connection of strategy to execution.” Big wings represent the ideation and creation of the strategy, and the big feet represents the execution. The Customer-Centric Supply Chain Strategy needs both.).

Revealed: The Sectors Cutting Product Lead Times Fastest

Unleashed

Covid restrictions, Brexit, labour shortages, rapidly-changing customer demand and the war in Ukraine, have all contributed to shortages of key raw materials and components – squeezing margins and causing long lead times and higher prices for customers.

Pricing Strategy #6: You’d Be Dumb to Over-Rely on Cost-Plus Pricing vs. Science

Blue Ridge

Cost-plus pricing is a strategy that ignores the science behind margins. Machine learning tools should be central to your post-pandemic pricing strategy. Blogs and Articles pricing supply chain planning uncertainty

Tools 52

4 Important Benefits of a Sustainable Reverse Logistics Strategy

GlobalTranz

However, one of the most important aspects of supply chain strategies is often overlooked: the reverse supply chain (also referred to as reverse logistics ). A reverse logistics strategy provides a path for removing the existing equipment to make way for the next era of equipment in the case of end of life products or new upgrdes. In a sense, reverse logistics could be considered the “greenest” part of any business logistics strategy. Reduced Risks to the Business.

Amazon Prime’s Price Increase: What it Means for Retail (And Why I’m Rethinking My Subscription)

ToolsGroup

And now, you’ve decided to raise the price of my Prime subscription. Amazon Prime’s Price Increase: The Facts at a Glance. On February 3, 2022, Amazon announced its first price increase since 2018. For monthly subscribers, a $2 increase brings the price from $13 to $15.

Lumber prices keep tight grip on shippers and importers

The Supply Chain Journal

For lumber suppliers, the tight supply and mile-high price of lumber that impacted construction projects nationwide this spring continue to cause frustration. Fortune reported that prices have dropped for the ninth consecutive week.

Aluminum and silicon shortages causing price volatility

Resilinc

One central indicator is the escalating shortages and price increases of rubber, steel, aluminum, silicon and other raw materials that are needed to make everything from artificial Christmas trees to Xbox consoles. “We’re It’s going to get worse before it gets better.

Forex Trading Strategy Tips for Beginners!

Supply Chain Game Changer

In this article, you will learn 7 tips to help improve your Forex trading strategy results as a beginner trader. If you have learned a trading strategy, then you need to forge a trading plan to make your strategy rule-based. Create a Forex trading strategy plan today!

Developing an LTL and E-Commerce Focused Shipping Strategy

GlobalTranz

Customers expect to get whatever they want, whenever they want, at the prices they want and the ability to change their minds up to the delivery time. This will require an LTL and e-commerce focused shipping strategy. Shippers need to know the benefits of combined strategy and a few best practices to develop a winning LTL and e-commerce plan. Reduced paperwork errors. Increased accuracy in freight quoting, reducing accessorial or after-the-fact fees.

Back to the Future: Fighting Inflation with Supply Chain Strategies that Work

Blue Ridge

The post Back to the Future: Fighting Inflation with Supply Chain Strategies that Work appeared first on Blogs, Whitepapers, News & Customer Success Stories from Blue Ridge.

Bad Pricing Optimization Strategies: What’s That Smell?

Blue Ridge

Cliff Isaacson, Executive VP of Product Strategy at Blue Ridge cloud-native solutions for demand forecasting. The post Bad Pricing Optimization Strategies: What’s That Smell? The complexities around pricing are accelerating every day.

Pricing Strategies for Distributors

Blue Ridge

The post Pricing Strategies for Distributors appeared first on Blogs, Whitepapers, News & Customer Success Stories from Blue Ridge. Leveraging Your Switzerland Position Distributors sit in a zone we call Switzerland… the middle of the supply chain between the manufacturer and the final customer, which increases the complexity and scope of what they must manage. If you’re a distributor, you can actually use this position to your advantage! In […].

What is Dynamic Pricing with Dawn Salvucci Favier

The Logistics of Logistics

What is Dynamic Pricing with Dawn Salvucci Favier. Dawn Salvucci-Favier and Joe Lynch answer the question what is dynamic pricing. She has spent the past 20 years leading Global Product Strategy & Management at major Transportation Management System (TMS) providers.

Strategic Pricing for Fashion Retailers in Times of Uncertainty

BlueYonder

Fast forward to today, modern retailers can now totally rethink how they do markdowns thanks to artificial intelligence (AI) and machine learning (ML) based price optimization. The post Strategic Pricing for Fashion Retailers in Times of Uncertainty appeared first on Supply Chain Nation Blog.

Pricing Strategy #5: You Can’t Afford to Ignore Shrinking Revenue and Profits

Blue Ridge

A key pricing strategy you can't afford to ignore is price optimization software. This strategy offsets shrinking revenue and margins using pricing analytics. Blogs Pricing Supply Chain Planning

Why Pricing Strategy and Supply Chain Management Must be Tied at the Hip

Blue Ridge

In a chat last week with PYMNTS.com, Blue Ridge CMO Ed Rusch explained that historically, a silo that separates pricing strategy from supply chain management and sales planning can be financially detrimental to a B2B organization. Articles Blogs Planning + Pricing Solutions