ToolsGroup

AUGUST 1, 2022

Retail returns occur when a customer returns the purchased items to a seller in exchange for a refund, store credit, or a similar product. Returns come with plenty of challenges around logistics, inventory, and predicting volatile sales trends. Retail Returns Statistics Demonstrating the Path to Business Growth.

Retail 296

Retail Optimal Sourcing Purchasing Skills Procurement Solutions 296

ToolsGroup

FEBRUARY 16, 2022

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.

ToolsGroup 177

ToolsGroup Procurement Analytics Predictive Analytics Analytics Software 177

Logistics Viewpoints

DECEMBER 15, 2022

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.

Optimal Sourcing 263

Optimal Sourcing Analysis Procurement Analytics Purchasing Skills 263

Logistics Viewpoints

JUNE 1, 2023

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.

Supply Chain Planning Software 276

Supply Chain Planning Software Supply Chain Design Software Supply Chain Planning Supply Chain Software 276

Logistics Viewpoints

DECEMBER 14, 2021

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.

Supply Chain Planning Software 291

Supply Chain Planning Software Forecasting Software Supply Chain Design Software Optimization Software 291

BlueYonder

OCTOBER 14, 2024

Returns already have a significant impact on retailers’ bottom line. National Retail Federation (NRF) data reveals that for every $1 billion in sales, retailers incur an average of $145 million in merchandise returns. of retail returns were fraudulent, up from 10.4% in 2022, costing retailers $101.91

Retail 112

Retail Cost Reduction Strategies Expense Reduction Procurement Solutions 112

Logistics Viewpoints

JUNE 2, 2022

This article is from Manhattan Associates and looks at the changing nature of retail. Making predictions about the future of retail – or anything – can be a fool’s errand. However, retail as a whole has experienced a period where the future is being thrust upon it at an alarming rate. How is Retail Changing.

Demand Planning Software 288

Demand Planning Software Supply Chain Design Software Logistics Network Optimization Software Supply Chain Planning Software 288

GlobalTranz

FEBRUARY 25, 2021

How often do you think about your retail reverse logistics strategy? It’s easy to assume retail reverse logistics is solely based on returns. While this is partially true, all retail reverse logistics involve a backward flow of products that return to their origin. The Benefits of a Data-Driven Retail Reverse Logistics Strategy.

Reverse Logistics 253

Reverse Logistics Expense Reduction Inventory Reduction Supply Chain Strategy 253

Supply Chain Shaman

FEBRUARY 1, 2024

I see a preponderance of reports and white papers that have lots of pages but say little. 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.

Supply Chain Planning Software 392

Supply Chain Planning Software Optimal Sourcing Manufacturing Procurement Waste Reduction 392

Logistics Viewpoints

APRIL 26, 2022

As more consumers flock to e-commerce, purchasing big & bulky goods such as furniture, appliances, and wholesale electronics online is becoming more common. Larger types of retail goods such as furniture and appliances, also known as oversized, are more challenging to ship than small packages. On-site delivery experience and cost.

Supply Chain Planning Software 263

Supply Chain Planning Software Optimization Software Logistics Network Optimization Software Forecasting Software 263

Logistics Viewpoints

JULY 6, 2022

Michael Burry’s tweet stated that the supply glut at retail is a result of the Bullwhip Effect and that there will be deflationary pulses from this. Retailers’ Inventories – Just Keep your Returns? The post Inflation in 2022: Is the Bullwhip Effect to Blame for Retail Inventory Glut appeared first on Logistics Viewpoints.

Inventory Reduction 312

Inventory Reduction Inventory Retail Purchasing Skills 312

Supply Chain Shaman

NOVEMBER 11, 2020

One of my favorite supply chain leaders has a stack of Palantir reports in black binders on his desk. Kinaxis Purchase of Rubikloud. The purchase of Rubikloud by Kinaxis shows just how little the Kinaxis team knows about demand management. Kinaxis Purchase of Rubikloud. The Rubikloud acquisition was a $60M cash purchase.

Supply Chain Design Software 362

Supply Chain Design Software Procurement Solutions Manufacturing Procurement Supply Chain Planning Software 362

ToolsGroup

MARCH 3, 2022

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.

Forecasting 156

Forecasting Forecasting Software Procurement Analytics Retail 156

The Logistics of Logistics

MAY 12, 2021

The Blurred Lines Between Retail and DTC with Guy Courtin. Guy Courtin and Joe Lynch discuss the blurred lines between retail and DTC. Guy Courtin is Vice President and Industry Principal of Retail at Tecsys, a global provider of supply chain solutions that equip the borderless enterprise for growth. Evolution of retail.

Retail 246

Retail Logistics Network Optimization Software Supply Chain Software Procurement Solutions 246

ToolsGroup

DECEMBER 5, 2024

While some retailers made bold moves that paid off, others struggled with familiar issues like stockouts, misaligned promotions, and consumer fatigue. from last year, with over two-thirds of purchases happening online. Retailers with smooth, fast, and intuitive digital experiences came out ahead. billion , up 3.4%

Inventory Reduction 156

Inventory Reduction Waste Reduction How To Price Mitigation Strategies 156

Cathy Roberson

MAY 11, 2025

There’s alot of content noise so I find it useful to understand the market by reading what retailers are directly saying each quarter. Look for another article later this week and part 4 of the What Retailers Are Saying Series on May 18. 🙏 Retailers Tractor Supply Q1 ending March 29. Christopher J. Christopher J.

Manufacturing Procurement 75

Manufacturing Procurement Purchasing Skills Retail Inventory Reduction 75

ToolsGroup

DECEMBER 16, 2021

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.

Agile and Lean Supply Chain 156

Agile and Lean Supply Chain Lean Retail Supply Chain Planning Software 156

ToolsGroup

FEBRUARY 9, 2022

While some orders still delight, a few recent purchases have left me faltering when it comes to your customer experience. With retailers (and streamers) alike finding new ways to compete, that $20 increase could have a bigger impact than Amazon executives would like to believe – and open the door for competitors.

Purchasing Skills 296

Purchasing Skills Price Reduction Retail Supply Chain Planning Software 296

Jaggaer

APRIL 24, 2025

Supply chain management typically does not fit very well with procurement, which is a challenge at the best of times, and can be a disaster in difficult times. It is now a matter of planning the procurement system and the supply management system outside-in and then look at the true demand to minimize the latency.

Optimal Sourcing 52

Optimal Sourcing Manufacturing Procurement Procurement Analytics Demand Planning Software 52

Jaggaer

MAY 8, 2025

I am a big believer in procurement getting involved as early as possible in new product development based on all the market knowledge available. The worst-case scenario is product engineering developing a new product, selecting a supplier and then telling procurement to get on with negotiation. How often do your purchase orders change?

Optimal Sourcing 52

Optimal Sourcing Manufacturing Procurement Procurement Analytics Procurement Solutions 52

Supply Chain Shaman

JULY 23, 2023

I never republished the report, because not enough has changed to warrant it.) The report centers on the concept of moving from inside-out to outside-in technologies. The order latency is the time from purchase by the end consumer to the visibility of the order. This is a natural fit for narrow AI and new forms of analytics.

Supply Chain Planning Software 369

Supply Chain Planning Software Supply Chain Planning Scenario Planning Modeling 369

Precoro

FEBRUARY 26, 2025

Within this setup, an ERP procurement module helps companies make purchases and manage suppliers. Numbers speak louder: According to Procurement Tactics’ top procurement trends in 2025 , 83% of CPOs prioritize digitization.   Keep reading to learn: What Is ERP in Procurement?

Procurement Solutions 45

Procurement Solutions Optimal Sourcing Procurement Analytics Manufacturing Procurement 45

ToolsGroup

FEBRUARY 7, 2022

The wonderful world of retail. The Retail Trends Shaping How We Shop in 2022. From a digitally-transformed shopping experience to global supply chain disruptions and a pandemic that refuses to quit, there’s one thing retailers can count on: People are always going to shop. My credit card statement will also attest to this fact).

Supply Chain Planning Software 177

Supply Chain Planning Software Trends Retail Forecasting Software 177

Logistics Viewpoints

MARCH 4, 2021

Digital commerce efficiently requires the digitalization of many customer-facing operations and sourcing and procurement. The First Step: Bring all the data together and ensure analytics and planning can happen on the same platform. . Accurate and timely reconciliation of purchase orders with receipts.

Supply Chain Planning Software 290

Supply Chain Planning Software Supply Chain Planning Scenario Planning Modeling 290

AFFLINK

JANUARY 13, 2025

Fortunately, predictive analytics is becoming a new essential tool in supply chain management , especially for combatting common challenges with seasonal inventory. By using predictive analytics to align inventory levels with forecasted trends, companies can minimize stockouts and overstock situations.

Predictive Analytics 48

Predictive Analytics Inventory Reduction Inventory Management Software Procurement Analytics 48

ToolsGroup

DECEMBER 16, 2021

After all, why pay full price when you can purchase the exact same item for less? It has become common practice for savvy shoppers to hunt for deals all year round and to favor the retailers who offer the best deals. The Top 20 Retail Promotion Statistics. Promotions influence both in-store and online purchases.

Retail 194

Retail Purchasing Skills Procurement Solutions Procurement Analytics 194

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

JANUARY 6, 2022

In the years leading up to the Covid-19 pandemic, the most discussed topic in the retail sector was the Retail Apocalypse. A combination of the rise of e-commerce, overbuilding of stores, and too much debt-load resulted in thousands of physical retail locations going out of business. and Wayfair Inc.

Retail 173

Retail Optimal Sourcing Optimization Software Analytics Software 173

Logistics Viewpoints

FEBRUARY 2, 2024

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

Cost Reduction Strategies 306

Cost Reduction Strategies Inventory Reduction Logistics Network Optimization Software Manufacturing Procurement 306

Logistics Viewpoints

SEPTEMBER 20, 2022

As a result, a wide range of businesses, from restaurants, and retail chains, to manufacturers, have been redesigning their business services and operations and re-engineering their supply chains. Well, we also know that many legacy systems will not be able to support all these changes quickly and cost-effectively. and Europe.

Supply Chain Planning Software 291

Supply Chain Planning Software Agile and Lean Supply Chain Supply Chain Planning Forecasting Software 291

Logistics Viewpoints

APRIL 21, 2022

Earlier in 2022, we conducted a survey of 8,000 consumers across North America and Europe to get a better sense of their ecommerce experience and how they were reacting to retailer performance. On one hand, consumers expect to increase their online purchases post-pandemic. The results of the research are a good news, bad news story.

Optimal Sourcing 278

Optimal Sourcing Eliminating Excel in Purchasing Purchasing Skills Sourcing Strategies 278

Logistics Viewpoints

SEPTEMBER 6, 2024

These clothing companies have revolutionized how consumers purchase, wear, and dispose of their clothing. First, in the early 2000s, advancements in data analytics, RFID, and localized supply chains fueled the rise of “fast fashion.” Ulula utilizes analytics to improve the working conditions for workers across global supply chains.

Supply Chain Planning Software 312

Supply Chain Planning Software Supply Chain Software Logistics Network Optimization Software North Carolina 312

Logistics Viewpoints

FEBRUARY 5, 2024

This was announced on the Retail Link portal for suppliers on January 30 th. Walmart is not the only big retailer with OTIF requirements, but as the world’s largest retailer, and a company with stringent requirements , Walmart’s OTIF requirements are top of mind for consumer goods companies.

Shipping 312

Shipping Real-time Visibility Supply Chain Design Software Supply Chain Planning Software 312

ToolsGroup

MAY 9, 2024

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!”

Resource Reduction 156

Resource Reduction Retail Cost Reduction Strategies Procurement Analytics 156

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

Logistics Viewpoints

JUNE 23, 2022

As retailers across the U.S. Retail executives are prioritizing investment in technology that can increase supply chain efficiency and their profits. The growth of e-commerce and its impact on retailers. E-commerce continues to grow yearly and it’s estimated that it will make up 30% of retail purchasing by 2024.

Logistics Network Optimization Software 295

Logistics Network Optimization Software Supply Chain Network Software Optimization Software Pricing Training 295

ToolsGroup

MAY 17, 2022

Image source: Cape Analytics. Reports from Costco shoppers indicate that the same brand of chlorine tablets were $129.99 Apparently, customers purchased the same product for just $70 back in 2020. How Retailers are Responding to the Swimming Pool Chlorine Shortage. between 2021 and 2026.The The result?

Purchasing Skills 367

Purchasing Skills Louisiana Manufacturing Procurement Las Vegas 367