Enterra Insights

JUNE 24, 2022

.” • Real-time data : “Each time an employee scans a barcode, it immediately updates inventory and sales numbers in the company’s enterprise resource planning (ERP) or business management system. If 1D barcodes do fade into history, National Barcode Day may transform into National Product Tagging Day.

Supply Chain Design Software 130

Supply Chain Design Software Inventory Reduction Supply Chain Planning Software Price Reduction 130

AB&R

MARCH 15, 2022

With first Walmart and now Nordstrom telling suppliers to tag goods, the RFID industry as a whole will benefit—and other companies will hopefully follow suit. Two decades ago, the retailer required that suppliers add tags to all goods supplied to stores throughout its chain. Nordstrom’s New RFID Mandate. 2022, being held in May.

Retail 52

Retail Journal Manufacturing Procurement Predictive Analytics Software 52

QAD

FEBRUARY 23, 2023

At the same time, most simply cannot justify the more significant price tag with BEV models. Commercial entities and government agencies can also cash in on the incentive, receiving a tax break of up to 30% of the vehicle sale price or $40,000. economy and positioning the U.S.

Price Reduction 96

Price Reduction Cost Reduction Strategies Manufacturing Procurement North America 96

Logistics Viewpoints

NOVEMBER 17, 2021

The National Retail Federation (NRF) has forecast that holiday sales during November and December will grow between 8.5 Additionally, NRF estimates that online sales will increase between 11 percent and 15 percent to a total of between $218.3 The sole exception is UPS Next Day Air, which comes with a hefty price tag.

Logistics Network Optimization Software 208

Logistics Network Optimization Software Logistics Packaging Supply Chain Planning 208

Logistics Viewpoints

APRIL 22, 2021

Informing the consumer of the impact of their choices and then providing options to combine shipments or delay till a weekend delivery – each of these tagged by environmental implications (e.g. Chorley has more than 25 years of experience in the software industry in a broad set of roles including sales, implementation, and development. .

Supply Chain Disruption 327

Supply Chain Disruption Supply Chain Planning Software Supply Chain Software Sustainability 327

ShipBob

NOVEMBER 24, 2023

By grouping products based on factors like sales velocity, size, and shipping requirements, warehouses can improve picking rates. Employ inventory tags: Implement the use of electronic or physical tags to identify items by their segment, such as SKUs, QR codes, RFID tags, or color-coded labels for streamlined identification and management.

Inventory Reduction 52

Inventory Reduction Optimal Sourcing Sourcing Strategies Inventory Management Software 52

Adexa

JANUARY 22, 2020

It combines all the possible ways of producing the mix of products at all the different locations and use of different materials and gives a projection of what to expect in terms of sales and inventory of the products. This is more than just tagging carbon footprint just to the finished goods.

Supply Chain Planning Software 91

Supply Chain Planning Software Supply Chain Planning Scenario Planning Supply Chain 91

GlobalTranz

MAY 2, 2017

Cloud-based inventory systems that update after each sale allow customers to find a product at other stores when their favorite brick-and-mortar store is out. Similarly, this technology can be leveraged to help e-commerce sales by providing alternative originations for shipments. This might sound obvious, but it is worth consideration.

Inventory Management Software 120

Inventory Management Software Inventory Reduction Inventory Management Procurement Analytics 120

RFgen

JULY 1, 2022

“A” stock is 20% of your inventory but accounts for 80% of sales. B” items may compose 30% of stock but 15% of sales. C” materials can account for 50% of your total inventory but just 5% or less of sales. Distribute count tags. Some operations use printed tags for cyclic counts. Transfer count tag data.

Inventory Reduction 52

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

The Network Effect

JUNE 4, 2014

Sales volumes (and by extension, order volumes) during a promoted week could be tenfold that of a nonpromoted week. One system would forecast regular sales and handle the automated replenishment when an item wasn’t being promoted. Along the way, every inbound DC order would be tagged as being either promotional or nonpromotional.

Forecasting 153

Forecasting Supply Chain Planning Software DC Forecasting Software 153

RFgen

APRIL 30, 2024

Have you ever wondered how the world’s top businesses maintain perfect harmony between their sales and stock levels? By integrating some or all of these technologies (including mobile), the business gains a holistic view of inventory levels, sales patterns, and potential issues in real time. Wonder no more.

Inventory Management Software 79

Inventory Management Software Inventory Reduction Supply Chain Planning Software Optimization Software 79

ThroughPut

JANUARY 17, 2022

Infact, several challenges in demand planning have been time and again addressed by merely looking at an unreliable spreadsheet showing static sales numbers which are then applied to the current year’s SKU’s sales performance. Enhancing the Food Retail Experience with Demand Sensing.

Supply and Demand 98

Supply and Demand Cost Reduction Strategies Inventory Reduction Modeling 98

NC State SCRC

APRIL 15, 2019

Technology is assisting retailers with creating a complete picture of their business operations, from the back-office, to the production center, to the sales floor. RFID tags assist retail companies with monitoring product components or individual products. Businesses using these information-rich reports are making smarter decisions.

Supply Chain Planning Software 71

Supply Chain Planning Software Supply Chain Software Inventory Management Software Forecasting Software 71

BlueYonder

FEBRUARY 22, 2024

We are also seeing additional new technologies emerge in grocers: Electronic Shelf Labels (ESLs) are loved by the employees as they save hours of replacing paper price tags and can be updated instantly to reflect dynamic pricing. ESLs also are used to aide the picking of online orders and direct the employees where replenishment is needed.

Price Reduction 72

Price Reduction Demand Planning Software Food Retail 72

The Logistics of Logistics

DECEMBER 2, 2013

At the end of the chain, this can translate to a supply of goods to the customer 40% faster than your competitor, a 20% rise in sales capacity, and “out of stock” becoming a thing of the past. billion (approximately 1.14% of sales). RFID is used to identify pallets or individual items. billion to retailers). Loss to manufacturers = $7.5

Supply Chain Planning Software 154

Supply Chain Planning Software Supply Chain Software Pharmaceutical Demand Planning Software 154

ToolsGroup

FEBRUARY 21, 2018

As the tag line to a popular commercial goes, by now “we know a thing or two because we've seen a thing or two.”. Eight years ago ToolsGroup was one of the first supply chain planning software vendors to employ machine learning to improve demand forecasting. When we first began employing this new technology, it wasn’t on anyone’s radar.

Forecasting 219

Forecasting Forecasting Software Demand Planning Software Supply and Demand 219

ThroughPut

APRIL 30, 2024

For instance, a major retailer might stock up on winter clothing based on historical sales data only to experience a hot winter, resulting in excess inventory and heavy discounts to clear stock. Moreover, AI enhances customer service by ensuring product availability, which can lead to increased sales and customer loyalty.

Forecasting 52

Forecasting Forecasting Software Supply Chain Planning Software Modeling 52

crisp

OCTOBER 20, 2022

In direct-to-consumer sales channels, data is everywhere and accessible with the click of a button. Retail voids happen for a variety of reasons, including when the product is: Off-shelf Out-of-stock Accidentally misplaced by a customer Stuck with an incorrect sales tag Expired/damaged. Retail data: A brand’s greatest asset.

Procurement Analytics 98

Procurement Analytics Inventory Reduction Data Waste Reduction 98

Unleashed

NOVEMBER 12, 2018

Using a punch card and papers with tiny holes readable by computers, businesses were able to track inventory from production, to the warehouse and to the point of sale (when customers were required to fill out their punch cards based on their purchases). The RFID tag. The barcode. Read more about the history of barcodes.

Inventory Management Software 58

Inventory Management Software Inventory Management Inventory Reduction Inventory 58

Enterra Insights

NOVEMBER 12, 2021

She reports, “A joint industry study by the Food Marketing Institute and Grocery Manufacturers Association estimated the average cost of a recall for food companies to be $10 million in direct costs, plus brand damage and lost sales.”[4] ” If litigation gets involved, she notes, those costs can be easily overshadowed.

Supply Chain Software 130

Supply Chain Software Food Analytics Software Agile and Lean Supply Chain 130

AB&R

JULY 9, 2021

online sales to reach $638 billion by 2022. It does this by using radio waves to uniquely identify, track and manage tagged items on your site. There’s no need to load each box separately, either: RFID readers can read tags that are out of their line-of-sight. Ecommerce is exploding and this new era of shopping is here to stay.

Resource Reduction 52

Resource Reduction Inventory Reduction Expense Reduction Cost Reduction Strategies 52

Supply Chain Network

APRIL 30, 2016

All products now need smart labels and smart tags to keep track of them at the item, pack, case and pallet level from manufacturing through distribution, to stores and then the ultimate delivery to, and returns by consumers. Jeff Ashcroft.

Internet of things 60

Internet of things Retail Optimization Software Demand Planning Software 60

Unleashed

APRIL 7, 2019

Optimum inventory management relies on accurate data so that inventory orders can be balanced with sales. By data, we mean the numbers and categories of stored and sold product, expiration dates and storage locations so that there is always just enough product ordered in to satisfy consumer demand and sales. Use RFID tags.

Inventory Reduction 70

Inventory Reduction Inventory Management Software Inventory Demand Planning Software 70

GlobalTranz

APRIL 27, 2018

The Reward: Aligning Manufacturers With Retailers Ensures Experience Continuity The world of retail has changed, moving from being sales-rep-centric to being web-channel-centric, but that does not mean that retailers should focus exclusively on e-commerce platforms , reports Digitalist magazine.

Omnichannel 123

Omnichannel Manufacturing Vendor Strategies Retail 123

ThroughPut

APRIL 15, 2024

For instance, a major retailer might stock up on winter clothing based on historical sales data only to experience a hot winter, resulting in excess inventory and heavy discounts to clear stock. Moreover, AI enhances customer service by ensuring product availability, which can lead to increased sales and customer loyalty.

Forecasting 52

Forecasting Forecasting Software Supply Chain Planning Software Modeling 52

Supply Chain Game Changer

AUGUST 13, 2022

In addition, Alaska, Montana, Delaware, Oregon, and New Hampshire have no statewide sales tax. With a low car sales tax of 3% and low DMV fees, there isn’t as much you have to pay outside of the cost of the vehicle. Buying a car in New Hampshire means you are exempt from sales taxes! Best States to Buy a Used Car.

New Hampshire 94

New Hampshire Purchasing Skills North Carolina Ohio 94

Material Handling & Logistics

NOVEMBER 6, 2018

Using item-level RFID technology, retailers can decrease out-of-stocks, improve loss detection, boost sales margins and expedite returns—just to name a few of the technology’s benefits. . percent order accuracy. It examined the flow of information between the brands and retailers over a one-year period from June 2017 to June 2018.

Retail 69

Retail Inventory Reduction Cost Reduction Strategies Supply Chain Software 69

crisp

MARCH 10, 2023

of sales in 2021, totalling a combined $82 billion dollars in lost revenue. However, this couldn’t be further from the truth: While 75% of stock-outs last less than three days, it’s the 2% of stock-outs lasting more than 10 days that cause over half of lost sales.

Retail 52

Retail Data Inventory Reduction Waste Reduction 52

Elementum

OCTOBER 17, 2018

Many companies are transitioning from primarily physical storefronts, to building or expanding distribution centers to account for rising online sales. IoT applications like smart shelves, RFID tags, and robots, could help manage inventory better while reducing error rates.

Inventory Reduction 68

Inventory Reduction Cost Reduction Strategies Inventory Management Software Inventory Management 68

Supply Chain Matters

JUNE 28, 2022

Last year, the retailer reported a tripling of profitability in the midst of a declining apparel sales market. Interesting enough, online sales during the recent quarter took a dip compared to year-earlier levels, but the decline was noted by company executives as slower than expected. Business Outlook.

Agile and Lean Supply Chain 52

Agile and Lean Supply Chain Morocco Spain Apparel 52

ToolsGroup

FEBRUARY 19, 2019

When coffee shop chain Costa Express grew to 800 points of sale, their spreadsheet-based systems were not able to scale with the business. In Gartner’s most recent Wants and Needs Study, many lagging companies’ tagged "corporate culture" as one of the top obstacles to achieving their goals.

Supply Chain Planning Software 136

Supply Chain Planning Software Supply Chain Planning Supply Chain Software Scenario Planning 136

GlobalTranz

SEPTEMBER 1, 2016

Technologies such as RFID tags are already being rolled out and used wherever their application can save money. Editor’s Note: This is a guest blog from our friend Jake Rheude with Red Stag Fulfillment. In part 3 of the 3-part series, Jake discusses the New Distribution System and where the industry is headed. The New Distribution System.

Supply Chain Design Software 122

Supply Chain Design Software Supply Chain Network Software Optimization Software Distribution 122

Unleashed

AUGUST 30, 2022

Direct-to-consumer (D2C) eCommerce has exploded, as start-ups and traditional outlets alike flock to the efficient, cost-effective sales strategy. Amid the pandemic-fuelled rise in digital sales, customers are increasingly looking to cut out middlemen and deal directly with a manufacturer. Who uses D2C eCommerce?

Inventory Reduction 98

Inventory Reduction Purchasing Skills Price Reduction Cost Reduction Strategies 98

EMERGE App

DECEMBER 16, 2023

Sales Forecasting SKUs allow a business to track its sales and demand efficiently. It can hence be easier to know the essential decisions that will improve your marketing strategies and sales. You should maintain some relevance to the customer profile, sales priorities, and needs of your company.

Inventory Reduction 52

Inventory Reduction Inventory Management Software Price Reduction Supply Chain Design Software 52

The Network Effect

JULY 3, 2014

A cloud-based planning layer can enable the sharing of all data, for example the S&OP data discussed earlier in the first two posts, across key stakeholders: manufacturing, distribution, logistics, retail, sales, marketing, brand management etc. You know exactly how many you have, and where each one may be in the world at any given time.

Internet of things 136

Internet of things Supply Chain Design Software Supply Chain Planning Software Supply Chain Network Software 136

4WL Consulting

JULY 24, 2017

In a nutshell, if your supply chain can get a digital window into your sales and vice-versa, stock can be replenished more efficiently and reliably. Time-consuming phone tag sessions over order shortages or incorrect deliveries can skip the phone altogether with a well-constructed electronic data interchange, or EDI, plan.

Supply Chain Planning Software 130

Supply Chain Planning Software Logistics Network Optimization Software Logistics Vendor Strategies 130

Supply Chain Matters

OCTOBER 26, 2023

We tagged our commentary as: The bloom is off the rose. Last week, General Motors announced the delay of at least a year for the launch of an EV powered pick-up truck to be produced in a factory in Orion, Michigan, amid lower than expected EV vehicle sales.

Price Reduction 52

Price Reduction Expense Reduction Cost Reduction Strategies Resource Reduction 52