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

Enterra Insights

MAY 26, 2022

Although retailers still talk about the digital path to purchase as an alternative to the traditional shopping journey, the lines between paths to purchase have blurred. Nevertheless, they are having to adjust to the fact that customers are now more in charge of their purchasing journey. ”[2].

Procurement Solutions 130

Procurement Solutions Procurement Analytics Manufacturing Procurement Predictive Analytics Software 130

Supply Chain Brain

JULY 27, 2023

TradeBeyond’s quarterly Retail Sourcing Report provides a detailed overview of the current state of global retail sourcing to help supply chain leaders make more informed purchasing decisions.

Purchasing Skills 74

Purchasing Skills Procurement Analytics Sourcing Report 74

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

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

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 333

Supply Chain Planning Software Optimal Sourcing Manufacturing Procurement Waste Reduction 333

Enterra Insights

JANUARY 9, 2023

This is the conundrum faced by retailers as they enter the new year. Jocz noted, “Purchases depend on consumers’ having disposable income, feeling confident about their future, trusting in business and the economy, and embracing lifestyles and values that encourage consumption. 2023 Retail Trends. ”[1]. .

Trends 130

Trends Retail Predictive Analytics Software Omnichannel 130

Unleashed

FEBRUARY 29, 2024

Retail software is a range of technological solutions that can help retailers improve customer satisfaction, profitability, efficiency, and productivity by streamlining manual tasks. Retail software automates critical business processes in a way that traditional systems cannot. What is retail software?

Prescriptive Analytics Software 52

Prescriptive Analytics Software Inventory Management Software Analytics Software Supply Chain Planning Software 52

Supply Chain Brain

MAY 31, 2023

TradeBeyond’s quarterly Retail Sourcing Report provides a comprehensive examination of the current state of global retail sourcing to help supply chain leaders better understand macroeconomic trends and make more informed purchasing decisions.

Purchasing Skills 52

Purchasing Skills Procurement Analytics Sourcing Report 52

Enterra Insights

FEBRUARY 8, 2022

These were supposed to be dire days for retail. The so-called retail apocalypse witnessed a record number of store closings over the past few years and the pandemic exacerbated the situation. Not surprisingly, both retailers and consumers adapted to these new realities. Retail Trends. Journalist E. ”[5].

Trends 130

Trends Retail Procurement Analytics Procurement Solutions 130

Enterra Insights

DECEMBER 19, 2023

The retail sector continues to endure tectonic shifts as business landscapes and consumer behaviors change. First, there was the so-called “retail apocalypse,” then came the pandemic, which was followed by inventory challenges, inflation, and an economic slowdown. Changing consumer behavior is hard to gauge.

Optimal Sourcing 130

Optimal Sourcing Supply Chain Planning Software Supply Chain Software Optimization Software 130

Enterra Insights

APRIL 13, 2023

Although the economy has proved remarkably resilient, there are so many unknowns at play that no one can predict what future economic conditions might be. Having said that, few if any economists are predicting a bright, short-term future. ”[2] Nevertheless, she observes, “Retailers are more on edge.”

Retail 130

Retail Price Reduction Supply Chain Planning Software ToolsGroup 130

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 193

Supply Chain Planning Software Forecasting Software Supply Chain Design Software Optimization Software 193

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

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

crisp

JANUARY 24, 2024

Discover how Walmart’s Luminate Charter plan is revolutionizing retail data analytics with these five essential reports for suppliers. One of the biggest events in retail in 2023 was the launch of Walmart Luminate , a data platform offering suppliers more visibility and data access than ever before.

Procurement Analytics 52

Procurement Analytics Inventory Reduction Report Price Reduction 52

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

Enterra Insights

APRIL 2, 2024

The checkout kiosks bleat and flash when you fail to set a purchase down in the right spot. On the other hand, you (and/or less honest customers) are the retailer’s problem. The Extent of the Problem Some people deliberately fail to scan all the items believing they deserve a tip for being an unpaid employee of the retailer.

Security 246

Security Inventory Reduction Cost Reduction Strategies Procurement Analytics 246

Enterra Insights

JULY 19, 2021

While it is too soon to declare victory over the Covid-19 pandemic, brick-and-mortar retail is seeing signs of renewed vigor. For clothing, for instance, 25% of purchases are done on a whim versus 16% online, says market research firm NPD Group Inc.” retail sits at the edge of a second pandemic-fueled transformation.

Retail 130

Retail Procurement Analytics Purchasing Skills Research 130

ThroughPut

DECEMBER 8, 2023

If there’s any piece of technology or analytics that can help with the most advanced data-driven decision-making in the supply chain right now, that’s prescriptive analytics. It is the most promising form of analytics in the market currently. What Is Prescriptive Analytics in Supply Chain? How should the supplier perform?

Prescriptive Analytics Software 52

Prescriptive Analytics Software Optimal Sourcing Modeling Procurement Analytics 52

Enterra Insights

NOVEMBER 4, 2020

Even before the coronavirus pandemic closed physical stores and forced consumers online, they were journeying on the digital path to purchase in increasing numbers. ”[1] As a result of increased digital-path-to-purchase activity, online marketplaces have flourished. . Predicting Trends. … In the U.S., ”[2].

Procurement Analytics 100

Procurement Analytics Purchasing Skills Procurement Solutions Analytics Software 100

ThroughPut

MARCH 27, 2024

The Evolution of Retail Supply Chain & Logistics: A Pre-AI Overview In the pre-AI era, the retail sector was markedly different, especially since the traditional supply chain and logistics models were largely driven by manual labor. How is AI Revolutionizing Retail Supply Chains?

Case Study 52

Case Study Waste Reduction Inventory Reduction Price Reduction 52

Supply Chain Matters

JANUARY 18, 2024

Supply Chain Matters highlights the latest report indicating both U.S. holiday period and full year retail sales in 2023. The National Retail Federation (NRF), in conjunction with its annual conference held this week, reported 2023 holiday sales based on U.S. Retail sales for all of 2023 were reported as increasing 3.6

Forecasting 52

Forecasting Procurement Analytics Report Retail 52

Enterra Insights

JULY 20, 2021

For many retailers, the pandemic has been a nightmare. In Part 1 of this article, I discussed signs that the brick-and-mortar retail sector is recovering. In part 2 of this three-part article, I discuss what some experts are saying about how the retail sector must change in the post-pandemic world — the so-called “new normal.”

Retail 100

Retail Manufacturing Procurement Procurement Analytics Supply Chain Planning Software 100

crisp

APRIL 25, 2024

General Mills reported that ongoing value-seeking behaviors from consumers is influencing both the channels they shop and basket sizes, creating headwinds to the company’s margins. What are CPG executives reporting on the sustainability front? Jeff Harmening, CEO General Mills Where does sustainability fit in?

Demand Planning Software 52

Demand Planning Software Supply Chain Planning Software Supply Chain Design Software Sourcing Strategies 52

Enterra Insights

MAY 24, 2021

And the retail sector has certainly been changing, transforming, and evolving over the past few years. Executives in the retail sector have been forced to reimagine what retail will look like in the future, which has required them to change face and to understand the changing face of the business landscape. Putting on make-up?

Retail 130

Retail Modeling Supply Chain Planning Software Modeling Software 130

Enterra Insights

SEPTEMBER 30, 2022

And — in what could be boon or bane for manufacturers and retailers — today’s consumers are quite willing to abandon their once-preferred brands in favor of new ones that offer value or novelty.”[1] One retail sector that witnessed a dramatic rise in online purchases during the pandemic was the grocery sector. during 2020.

Omnichannel 130

Omnichannel Retail Eliminating Excel in Purchasing Supply Chain Planning Software 130

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

ivalua

AUGUST 29, 2019

At the same time, two-thirds (66%) of businesses admitted they were still reliant on such processes as part of their Procurement or supplier management function. At the same time, two-thirds (66%) of businesses admitted they were still reliant on such processes as part of their Procurement or supplier management function.

Manufacturing Procurement 164

Manufacturing Procurement Procurement Analytics Procurement Solutions Purchasing Skills 164

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 190

Supply Chain Planning Software Optimization Software Logistics Network Optimization Software Forecasting Software 190

Enterra Insights

NOVEMBER 20, 2018

The rise of e-commerce and the consumer digital path to purchase has been a nightmare for some retailers from which they can’t awake. This has been especially true for large, traditional brick-and-mortar retailers that failed to master omnichannel operations. ” Direct-to-consumer business models. .”[1]

Pricing Training 100

Pricing Training Purchasing Training Procurement Analytics Modeling 100

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

Enterra Insights

JUNE 1, 2021

Although every economic sector undergoes constant change, the retail sector has probably seen more changes in a shorter period of time than most other sectors. With all of the changes in the retail environment and the continued shift away from conventional technologies, cognitive computing in retail is becoming increasingly important.”[1]

Supply Chain Design Software 130

Supply Chain Design Software Supply Chain Planning Software Analytics Software Supply Chain Software 130

GlobalTranz

JUNE 19, 2018

Unfortunately, the use of full truckload shipments and expenditures have hit an all-time high, reports Kate Patrick of Supply Chain Dive. Decreasing capacity and increasing full truckload rates are expected to increase throughout 2018, reports Freight Waves. Conducting annual procurement exercises. Download eBook.

Procurement Solutions 175

Procurement Solutions Procurement Analytics Capacity Procurement 175

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 257

Inventory Reduction Inventory Retail Purchasing Skills 257

Enterra Insights

DECEMBER 4, 2019

Traditionally the holiday shopping season has been a make-or-break time for retailers. It’s still important, but Lauren Thomas ( @laurenthomas ) reports, “Coresight Research … says the holiday season is becoming ‘less important’ for retailers, with more shopping taking place online throughout the year.

Procurement Solutions 100

Procurement Solutions Eliminating Excel in Purchasing Purchasing Skills Procurement Analytics 100

Enterra Insights

DECEMBER 20, 2018

Retail transactions are some of the oldest human activities. The next arena of exploration for the retail sector is artificial intelligence (AI). Will AI transform retail? For the most part, retail executives have gone beyond the hype and are now looking for real benefits from AI projects. ”[2]. .”[1]

Analytics Software 113

Analytics Software Predictive Analytics Software Supply Chain Design Software Supply Chain Software 113