How important is demand planning to the success of your business?
Most supply chain management professionals would probably say between ‘vital’ and ‘critical.’
Over half of retail supply chain executives report that demand forecasting is a significant area for investment and opportunity.
Sometimes, meeting these demands can feel like you’re a fortune-teller. It’s challenging to avoid stockouts and other inventory issues when customer needs are constantly in flux and
If we were to ask you exactly how many units of your fourth best-selling product you’ll have in each warehouse location today and how long that inventory will last, would you be able to answer with confidence?
It’s human nature to want to control outcomes and reduce risks.
In today’s market, it’s hard to find a multichannel retailer that hasn’t experienced the pains associated with at least one supply chain challenge.
With one foot in e-commerce and the other in capital markets, Amazon brand aggregators are raising billions of dollars with the goal of creating new household names and products, while adding increased value to shoppers.
Customer experience, or CX as it’s also known, is generating a lot of buzz in the ecommerce world — and for good reason. Recent data shows that some 86% of customers say they are willing to pay more for a great experience. But with a whopping $1.6 trillion lost in the US every year due to poor customer service, many brands still struggle to get it right.
While the rise of digital advertising has given businesses numerous channels to promote their products, it has become apparent that scarce inventory can make poorly handled ads backfire.
How can you create a seamless pathway for your inventory and advertising strategies to work together and yield the best possible results? Read on to find out.
Your business is booming, sales are increasing, your brand is expanding… but now what? It’s time to get the logistics in place to make your customers happy with fast and efficient order fulfillment. While it may not be the most glamorous part of the e-commerce world, delivering your product on time is an important part of the consumer’s experience…
A trusted tool for every modern retailer, the right sales forecast can lead to better purchasing decisions and healthier cash flow. And that’s crucial, because purchasing and cash flow are two of the top 10 areas where most ecommerce businesses fail.
But whether you’re a new or experienced store owner, the task of getting sales forecasting right can leave you feeling overwhelmed — especially when attempting to forecast for new product launches.
E-commerce has ushered in the modern-day gold rush.
In the US alone, e-commerce sales are tipped to hit over $563 billion by 2025, while global e-commerce will account for 22% of retail sales by 2023. 🔥
But with the e-commerce market also growing increasingly competitive, you’ll need to do something special to stand out from the crowd.
That’s where supply chain optimization comes in.
