Today’s retail landscape is a battlefield. The competition is fierce, and customer expectations are higher than ever. Retailers can lose up to 20% of potential sales due to poor assortment planning. With so many choices, shoppers won’t wait for you to catch up! That’s why staying ahead in assortment planning is a game-changer. To thrive, …
Continue reading “Integrated Assortment Planning: A Key to Retail Success”
Like millions of other professionals working remotely from home, I ditched my business suits and high heels in favor of more comfortable styles. However, I had been holding onto my closet full of gray and black outfits even after moving to Florida and hadn’t converted to pastels and bright colors until recently. 2023 was the …
Continue reading “The Barbie Trend: 4 Must-Haves for Resilient Supply Chain Planning”
Retailers know firsthand how quickly the market can change. One day, a product is flying off the shelves, and the next, it’s gathering dust. That’s why it is important to stay on top of the supply chain planning trends – they can make all the difference when it comes to staying competitive, reducing costs, and meeting your customers’ needs.
As businesses grapple with the newly imposed US tariffs, businesses are quickly adjusting their strategies to navigate these fresh disruptions. In budgeting and S&OP processes, demand planning remains a crucial starting point, especially under such uncertain trade conditions. More companies are now turning to scenario planning to proactively manage tariff impacts and build supply chain …
Continue reading “Resilience in Supply Chain: AI-Driven Probabilistic Demand Planning”
Artificial Intelligence (AI) and Machine Learning (ML) are hot topics being discussed in the retail world. Across the globe, whether they are grocery, mass merchant, or fashion, retailers are looking for ways to make faster and smarter decisions using this technology. Among the leading applications of AI & ML in planning are forecasting and replenishment processes.
Volatility and ambiguity are not going away from our lives. We need planning platforms to keep up with all the changes. Discover the importance of Composability in fickle times.
Algorithms, Automation, Architecture and Agility are the 4 Must-Haves that differentiate the next-generation of supply chain planning platforms.
Remember those times when we used to stroll down the block and find local stores such as the mom-and-pop diners and get the chance to relish the coziness and sense of family environment there. Even mom-and-pop stores and diners had to step up their digitalization game with the pandemic erupting. Being listed on a last-mile-delivery …
Continue reading “Digital Transformation Journey in Supply Chain Planning”
COVID-19 is changing the way we think about almost everything: the way we live, the way we work, our plans for the future and our evaluations of the past. We hope these times of crisis will be over soon. We thought we should try and do our part to help people overcome the challenges that …
Continue reading “Coronavirus & Retailers: How to build resilience?”
What is Digital Transformation? Digital transformation is transforming your decision-making processes with technology — utilizing new sources of innovation and creativity such as artificial intelligence, machine learning, Internet of Things, virtual reality, to enhance customer experience and employee productivity and ultimately improve business performance. IDC’s Designing Tomorrow Survey of over 1,000 companies in America, Asia/Pacific, and Europe …
Continue reading “3 Steps for Making Digital Transformation Happen in Supply Chain Planning”
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