Future direction of Supply Chain Visibility We all love the Best of 2012 Lists and Predictions for 2013. So as we prepare for 2013, I have been taking a look at the predictions for supply chain in 2013 including IDC’s Top Ten Predictions for 2013 Supply Chain and Supply Chain Management and Review’s Five Supply […]
My recent Fox News interview highlighted my attention to an opportunity last Wednesday. What would sell Black Friday? What issues might derail the supply chain and how would that effect shoppers’ opinion and sales? It was 6:00 PM the Wednesday night before Thanksgiving, a major sales event for most restaurants. I took my family to […]
Data Profits’ Predictions for 2012 that Retailers need to Know Now The official holiday shopping and Christmas season kicks-off this weekend, and is considered a bellwether for the retail industry, as this is the time of year when retailers earn up to 40% of their annual profits. Everyone is watching to see: will post-election results and […]
Leverage Your Lost Sales Data to Grow Profits The key to successful Demand Driven retail is leveraging the right data in the right places. Lost Sales data has a lot of leverage that, when ignored, can be your demise; however, those that successfully measure and leverage Lost Sales data will see sales and profit gains. […]
Why Lost Sales are Ignored Our last blog highlighted the staggering impact of Lost Sales in most businesses. We outlined some of the methods used to calculate lost sales, and why these methods do not deliver value. We touched on in-stock and Service Attained as two measures that in the past were acceptable inventory ROI […]
Companies Miss the Staggering Impact of their Lost Sales Most companies are totally blind to the amount of lost sales they accumulate each year. Without a Lost Sales measure, a company loses significant opportunities to the competition in the forms of repeat business and gross margin dollars. The real impact of lost sales is often […]
Business Intelligence: Top 3 Challenges to Implementation Is your company struggling with implementing Business Intelligence. Do you have find yourself challenged with any of the following: If so, these are just three of the challenges that will be discussed at the Business Intelligence Summit on November 15 and 16 in Chicago. The Summit provides the opportunity […]
Note: This is our second blog in our 2-part series on crunching Big Data. If you find this information interesting, be sure to check out part 1 on Big Data & Product Groups as well. Many are sold on the idea that Big Data provides Retail Demand Intelligence (RDI) and that employing RDI with […]
Got Groups? A major department store sent new winter coats every year to Hawaii. Consumer Centric Retail is Product and Location Product Groups and Product Ranking are the most utilized feature in legacy ERP systems. Think of the different ways data is grouped to use in the supply chain. Product Groups and Ranking reports are […]
Can You find the Profit in Your Data A recent report by the National Resources Defense Council found that grocery stores and other food stores are losing up to $15 billion a year in unsold fruits and vegetables. The losses are magnified by additional pains in the grocery market: consumers’ demand for more local food […]