Driving efficiency and increasing revenue in this ever-changing environment means a constant pull in multiple directions. So how can the CFO create change, improve the operating ratios and minimize risks for the business?
The industry has been talking about RFID for 20 years, but it still hasn’t come into common use or delivered significant value to retailers.
I tend to divide technology companies into two groups. Those who’ve come up with a shiny new whizzy thing and those whose starting point is a real problem.
I want to take you into deep space. That’s where brick-and-mortar retailers are headed if they want to survive and thrive in today’s highly competitive marketplace.
In today’s customer-centric supply chain, retail is detail, and having an effective supply chain has always been key to retail success.
Let me give you a couple of supply chain buzzwords for 2017; ‘Amazon’ and ‘Customer-Centricity’. Neither should be a huge surprise.
Apparel brands that have mastered on-time execution are formidable competitors. They execute like clockwork, year after year.
Omni-channel, cross-channel, or all-channel retailing–whatever you may call it, retailers of all sizes are struggling to get it right.
Change and uncertainty drive the need for agility. As consumers’ buying behaviour has changed in the past 20 years, retailers have scrambled to respond fast enough.
The need to compete in the new age is driving retailers to look at their supply chain operations. We’ve listed four retail supply chain trends that are already clearly visible.
In almost every supply chain project we’ve been involved in it has been necessary to improve master data. It’s almost a cliché these days but any system is only as good as the data you put into it.
Our values have been presented outside the company once, at our 10th anniversary party in January this year. But, I thought, why not write them up?
The biggest single supply chain theme in the news these last months has been transparency.
A report written by Martec International highlights the challenges faced by retailers across North America and Europe. We brought together the key results as an infograph.
The pace of change in retail is accelerating fast. Every consultant is preaching omni-channel.
Though German business has earned an enviable reputation for efficiency, a new study shows that their supply chains often don’t run entirely smoothly.
In an earlier post I reflected on how far RELEX has come as a company. It made me realize that our values are much the same now as they’ve always been.
So! With our tenth anniversary celebrations having come and gone it feels like a good moment to look back over the journey so far.
If there’s one nation in Europe with whom the British are given to comparing themselves it’s the Germans.
NRF’s Retail’s Big Show is perhaps the biggest convention and EXPO for retailers in the US calendar.
An Integrated Supply Chain needs the right preparation and planning to work efficiently.
The basic idea of bullwhip effect is that most supply chains have internal dynamics that enforce demand volatility.
A retailer’s entire supply chain needs to be able to plan and execute to the highest of standards on Black Friday.
Why thinking about how to make your supply chain planning worse can help you make it much, much better.
Often planning teams can cruise comfortably during normal times, but when adding seasonal demands, they must start pedalling heavily.
In-memory computing and SaaS models will shake up the supply chain planning software market. It is a view shared by leading technology analysts such as Gartner.
Most valuable things in life need effort. This seems to be as true of supply chain development initiatives as of any other area of life.
We see that there is a potential for waste reduction comparable with the food consumption of the whole of Canada!
One weekend I was driving with my 9-year old son when he all of a sudden started to ask me about how we actually do business at RELEX.
What you measure is what you get, at least that’s how it should be. When implementing supply chain solutions we are aiming for multiple goal optimisation.
The most common remark I hear about supply chain development is: “Other sectors are much easier. Our supply chain is especially difficult.”
It is difficult to achieve the best results when the recession eases if you are not using state of the art Supply Chain Optimisation technology.
I hate Mondays. Not because you have to get up and go to work, but because when you get to work it is the dreaded monday morning trading meeting.
What is the biggest cost in your business? It may seem obvious but this message is as true today as it was all those years ago.
To us supply chain professionals the importance of supply chain management is a given. However the potentially huge impact of supply chain in the profit potential of a company is not clear to everyone.