HOW TO ALIGN INVENTORY TO REAL TIME DEMAND
One of the most crucial role RETIGENCE predictive analytics has played in delivering inventory optimization was for a mobile company. Traditionally mobile retailers purchase inventory from distributors for a credit period of 21 days.
The disadvantage here is that the retailer had no idea on the inventory stock in their...
Wednesday, March 30, 2016
Monday, March 21, 2016
the 3 golden rules of optimizing network design process:
1)The decision to allocate volumes and markets to plants is an important decision in the overall tactical decision system for the firm. The decision to locate these plants in locations where it has decided to is an important network design decision, which has significant implication on the supply chain performance
1)Firms can use linear programming model to decide an optimal network design and...
How target is moving to owning the longer piece of the supply chain pie
At a time when consumers expect rapid fulfillment as they shop online and from mobile devices, Target is writing custom software to improve its supply chain operations.
Target is building new supply chain software to better align inventory availability with consumer demands. To better position the retailer for online and mobile shopping, the retailer’s IT team is writing custom software to quicken...
iceland and frozen food retailer xpo logistics ties up for 5 year supply chain deal
Iceland and XPO logistics has agreed for a five-year warehousing and distribution deal , as the frozen food retailer looks to continue growing its store network in the UK.
The supermarket currently has 850 stores and a burgeoning network of new 'out-of-town' Food Warehouse outlets, and XPO says it has developed a supply chain solution that combines the retailer's dedicated network...
Wednesday, March 2, 2016
Who Checks Out Faster…Men or Women?
Image Source- GroomsAdvice
Men stare at space while women check multiple outfits. Isn’t that a sweeping statement or maybe a cliché? Men have been stereotyped and on the other hand, women are the epitome of having an insatiable desire to shop. Any man’s expressions look like waiting till eternity...
Managing the Stock Out Conundrum
In a recent survey data that covered across more than 71,000 consumers in 29 countries show ho consumers react to stock-outs problems. When consumers can’t find the precise product they’re looking for, consumers typically do one of five things.
They find a substitute of the same brand, they substitute a different brand,
they delay their purchase until the item’s...
Tuesday, March 1, 2016
Retail Start Ups now to e-open for 365 days a year
Indian Finance Minister Arun Jaitley today proposed allowing small and medium shops to open all through the week on a voluntary basis as part of the simplification of rules for the sector to create more jobs, a move hailed by retail players. In his Budget 2016-17 speech, Jaitley said the government plans to circulate Model Shops and Establishments Bill which the state governments can adopt on a...
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