In the second part of this blog series, we discuss how retailers can effectively address one of the major change agents in the age of Living Retail: a power shift toward the consumer.
Living Retail is a state of constant flux, and retailers must plan for every possible future they might encounter — not just the static vision of the future they’re predicting today.
Traditional retailers can recapture sales from digital players who have significantly lower service levels by ensuring great availability in stores.
RELEX was used to simulate the dynamic safety stock levels and their effects on inventory and service levels in MIT research.
Retailers are no longer interested in major system replacements. Instead, there’s a trend toward implementing in parts rather than as a whole.
In grocery retail, the reality is that the change and the challenges aren’t going to stop anytime soon. If anything, the competition will just get tougher.
The NRF Retail’s Big Show in New York is among the most important retail industry events of the year. Among the trendier topics this year was the rise of AI.
Does corporate responsibility end with the spreadsheet, or do grocers have a second set of responsibilities – to the customers and the earth providing the goods?
Earlier in September, representatives from 15 of the biggest grocery retailers across Europe, gathered at RELEX’s Grocery Forum to discuss the future of unified retail planning.
We surveyed leading North American grocers and compiled the key results in a study titled ‘Growing and Sustaining Competitive Advantage in Grocery Retail’.
A supply chain is always a work in progress. You can optimize it so it’s running as close to perfect as possible and then circumstances change.
The wide State of the Retail Supply Chain study conducted in 2017 by Martec International indicates that, in many areas, UK and Irish retailers are ahead of their European counterparts.
Many of the same trends we’ve seen in 2017 will continue in 2018 alongside new challenges and opportunities. We’ve listed the five most interesting trends that grocery retailers can expect in 2018.
The recently released Grocery Tech Trends Study reveals the top priorities for grocers embracing digital transformation.
As a retailer, you’re under tremendous pressure from all sides. The good old days of simply stacking the shelves and watching it sell are long gone and the competition is fiercer than ever.
Earlier this year the State of the Retail Supply Chain -report was released. Here are the top discoveries we made about the food and drug retailers.
The biggest opportunity for increased operational efficiency in retail lies in building a unified planning process spanning retail’s core functions.
This increasingly complex supply chain means that retailers today can no longer rely on traditional pricing strategies in order to differentiate.
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.
One of the top supply chain management slogans has been “replace inventory with information”, however, there are valid reasons for holding inventory.
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.
The pace of change in retail is accelerating fast. Every consultant is preaching omni-channel. Never has it been more essential to have the right technology to be able to manage this additional complexity.
Though German business has earned an enviable reputation for efficiency, a new study shows that their supply chains often don’t run entirely smoothly.
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.
One of the most established assumptions in inventory management is that stock holding needs to rise steeply as you increase availability.
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.
Inventory management has been framed in terms of finding the right trade-off between customer service (shelf availability) and cost (inventory value).
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.”
Just when you think things are under control comes another marketing period and many great ways of messing up wonderful forecast and in stock position.
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.