Replacing inventory with information
One of the top supply chain management slogans has been “replace inventory with information”, however, there are valid reasons for holding inventory.
Omni-channel in 6 steps: How to build a practical, effective plan of action
Omni-channel, cross-channel, or all-channel retailing–whatever you may call it, retailers of all sizes are struggling to get it right.
The core values of RELEX
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?
Why do forecasting and replenishment have to be such a pain?
Over the years almost every single retail initiative has had forecasting and replenishment at its core.
How we did it – 10 years of supply chain excellence
So! With our tenth anniversary celebrations having come and gone it feels like a good moment to look back over the journey so far.
Germany vs. the UK – Which has the best retail supply chains?
If there’s one nation in Europe with whom the British are given to comparing themselves it’s the Germans.
How to master fresh foods supply chain capacity planning
Once you understand how much will be sold on each day, the next step is to guarantee that the demand can be fulfilled, and in case of any problems, what actions are needed to ensure smooth operations.
Predict the unpredictable in supply chain management
People are fickle, not wholly rational and make different decisions at different times. However, people are predictable in most of their buying decisions.
How can a retailer create meaningful forecasts for new products?
How does one create meaningful forecasts for new products when there is no sales history at all?
Does demand forecasting for promotions have to be this difficult?
Demand forecasting for promotions is a major challenge for retailers, not least because of the impact it has on driving sales.
Stock availability versus stock value – What’s the trade-off?
One of the most established assumptions in inventory management is that stock holding needs to rise steeply as you increase availability.
When to use manual forecasting or forecast corrections
Manual forecasting generally produces results whose accuracy is, rather questionable. However it can be of benefit in certain situations.
What Is the biggest cost in your business?
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.