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Monthly Archives

March 2014

Supply Chain Visibility: Are you Running the Race End to End?

How Visible are the Links in your Supply Chain?

To keep up with their customers in today’s marketplace, retailers need supply chain visibility to look closer at their entire supply chains’ performance in order to be successful. To have happy customers in today’s marketplace requires retailers to be much more responsive to their customer’s demands.

Retailers need to look end to end at their supply chain for the issues that drive their business. Having the right inventory strategy is just the start, you need to be customer centric in your execution: monitoring promotions and events and reacting to their preferences that drive business. Having the right tools in place gives you the ability to measure results and to balance the tradeoffs between: inventory, forecast accuracy, customer service, revenue, and profits.
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3 Key Intermittent Demand Mistakes to Fix and Master Your Inventory

Finding the Right Balance between Too Much and Too Little

Intermittent demand is far too often a stumbling block for inexperienced inventory managers. A few common mismanagement mistakes lead to deep cuts in a retailer’s GMROI.
Generally paired on the shelf alongside high-demand products, intermittent and low-demand products account for 35%-40% of retailer assortments, and can account for 35% of a retailer’s profits. Therefore, effective supply management of intermittent demand and low-demand products, especially in today’s cutthroat retail markets, is no longer a just question of competitive advantage, but rather one of survival.

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How A New Inventory Replenishment Discovery Made A Plain Retailer Grow

Inventory Replenishment Software Needs Updates

The retail landscape has changed widely over the last 15 years; How about your inventory replenishment? Today’s customers demand more choices and have higher expectations.. Customers want personalization; such things as on-demand product information, access to best price deals, express shipments and exceptional customer service as part of their experience. For companies to be successful in the marketplace, they must adapt the way they do business to accommodate today’s customer demands. To find success in the marketplace; they need to focus on their customer and become demand driven. The problem for many of you is your technology is as old as the phone in this picture and you stubbornly believe it doesn’t matter… bet the same folks who say it doesn’t matter have a $200+ smart phone in their pocket now…
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Avoid These Time-Bombs In Forecasting and Replenishment

Forecasting and Replenishment: a Time-Bomb Awaits.

Customer preferences have been changing; customers want personalization, on-demand product information like price deals, and exceptional customer service like 2 day delivery.  For companies to be successful in this marketplace, they must adapt the way they do business to accommodate such changes.  One aspect of a business, which directly relates to accommodating such change is forecasting and inventory replenishment. The real story is how market expectations have moved far beyond legacy inventory replenishment systems.
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