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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.
Retailers should know that no two stores in a retail chain are the same when planning promotions. Yet major retailers are treating them exactly the same for all their stores.
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.
With any new market a retailer has to understand how the supply chain will evolve and differ from their usual operation.
Making good assortment decisions in retail is all about getting things right consistently. That requires good planning and that in turn requires good data.
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.
Why has store-specific planogram solutions been focusing on optimizing the whole planogram when the most important 20% gives us 80% of the benefit?
Rapid-fire planogramming doesn’t have to be difficult – once you establish a rhythm for the operation it becomes second nature.
I think we’d all agree, not everyone’s supply chain challenges are the same, but in retail they almost always have elements in common.
Let me give you a couple of supply chain buzzwords for 2017; ‘Amazon’ and ‘Customer-Centricity’. Neither should be a huge surprise.
There are two major outcomes when it comes to stocking up for a season. Although you might have solved these, the root of the problem can still be apparent.
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.
Big data isn’t only about the amount of information involved; it’s also about the ability to process and analyze it from multiple angles.
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?
Having an omni-channel inventory management system that gives an accurate picture of your supply chain, is no longer a ‘nice to have.’ It’s a basic.
There are few challenges in retail tougher than managing groceries; optimizing a broad inventory that includes fresh and short-shelf-life products is not easy.
The biggest single supply chain theme in the news these last months has been transparency.
Working in the field of inventory management and supply chain I guess one gets to be more appreciative, as a customer, when companies get things right and perhaps more disappointed when they don’t.
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.
In February 2016, France became the first country in the world to ban supermarkets from throwing away or destroying unsold food.
Over the years almost every single retail initiative has had forecasting and replenishment at its core.
Easter is great, but for retail planners in particular Easter is also one of the most annoying annual events as its date moves every year.
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.
Optimizing your replenishment isn’t just about keeping the right items in stock. It’s also about perfecting your buying.
If there’s one nation in Europe with whom the British are given to comparing themselves it’s the Germans.
We have previously written about building accurate forecasts in order to order optimal quantities of fresh groceries.
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.
Sometime it can seem as though your suppliers are going out of their way to making buying their stuff unnecessarily difficult.
By analyzing the lessons and making informed tweaks to your processes, it’s possible to make a significant difference next year and every year to come.
The challenges of Christmas vary from sector to sector. Here’s the big secret: think of Christmas as a process, not an event.
Finally let’s look at how to manage the end of the season successfully. It’s easy, right?
The basic idea of bullwhip effect is that most supply chains have internal dynamics that enforce demand volatility.
Managing seasons is important for almost every retailer. In some sectors, such as fashion, it’s absolutely vital to a company’s profitability.
A retailer’s entire supply chain needs to be able to plan and execute to the highest of standards on Black Friday.
Getting pre-season allocation to your stores wrong can lead to lost sales or the likelihood of huge markdowns.
For many fashion retailers much of the work towards ensuring a successful season will have been done months before the collections go on the racks.
In this blog series we would like to share some season management ideas to help you make the optimal planning and allocation decisions.
Big data isn’t only about the amounts of information involved but also about the ability to process and analyse it from multiple angles.
The more delivery options you offer the more complex the supply chain becomes, and that complexity also has implications for the planning side of things.
With the rise of e-commerce many traditional retailers have established an online channel to complement their core businesses.
As almost every etailer and retailer with an online operations knows all too well, product returns are a costly headache that simply have to be taken care of.
Bringing product view or customer behaviour data from website into your supply chain planning and analytics tool can be very useful.
Traditional inventory management limits as to what you can sell, and what you can’t, no longer apply in e-commerce.
I’m often asked how online retail affects supply chain planning. Although the basic rules are the same, there are indeed a number of differences.
Why thinking about how to make your supply chain planning worse can help you make it much, much better.
Coping with changes in the rate of sale is a must in the current retail environment.
People are fickle, not wholly rational and make different decisions at different times. However, people are predictable in most of their buying decisions.
Often planning teams can cruise comfortably during normal times, but when adding seasonal demands, they must start pedalling heavily.
Everyone looks forward to summer, sunny weather and happy times. Except the poor supply chain professionals, having to cope with massive swings in sales.
How does one create meaningful forecasts for new products when there is no sales history at all?