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Relieving Consumer Pain Points on the Digital Path to Purchase

Enterra Insights

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. Part of the change includes finding alternate sources of supply to meet demand more quickly or keeping more stock of certain items on hand.

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Cognitive Technologies in the Retail Space

Enterra Insights

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]

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15 Types of Manufacturing Software (+ Who Benefits from Each)

Unleashed

There is a range of manufacturing software now available to help businesses streamline their processes and maximise efficiency. Here we look at 15 types of manufacturing software, and for each answer three questions: What are the main functions of this software? What type of business is this software suited to?

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Lifting The Gray Curtain

Supply Chain Shaman

At the end of the presentation, I asked Allyson her perspective on open source analytics. This is despite the purchase of Terra Technology Demand Sensing and Multi-tier Inventory Management (MEIO) in 2014 for 12-14M$ (including implementation). The solution was too black box. Hence the solution couldn’t be much maintained.

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This Week in Logistics News (May 21 – 27)

Logistics Viewpoints

Dick’s joins a list of retailers that have recently noted the impacts of inflation on customer purchases, with a shift from discretionary to non-discretionary items being a common theme. This week’s music video is “We don’t talk about Bruno” from the movie Encanto. Railways moved $20.2 billion of freight, up 20.9%

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Growing Interest in Direct-to-Consumer Sales, Part 1

Enterra Insights

One of the most prominent retail trends accelerated by the pandemic has been increased e-commerce sales. As the world continues to struggle with the effects of the pandemic, the digital path to purchase continues to see an increase in traffic. An enormous amount of retail sales are still made through more traditional channels.

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Finished Goods Inventory: Definition & Formula

Unleashed

Common examples of finished goods inventory include: Fast-moving consumer goods Electronics Clothing Healthcare products Homeware Vehicles Retailers will typically refer to finished goods as merchandise inventory. These raw materials can be purchased from suppliers or extracted from natural resources.