Retail is moving faster than ever before, with ecommerce sales swiftly climbing across multiple sales channels. As consumers continue to leverage sales channels outside of brick-and-mortar stores to p[...]
Inventory is one of the retailer’s biggest assets, and with the growth of omnichannel fulfillment across the industry, it is becoming more complex every year. Inventory decisions have the power to imp[...]
Like many complex information technology (IT) programs, an effective business intelligence (BI) program requires a purposeful combination of people, process and technology. When one considers the grow[...]
Companies striving to accelerate their business intelligence journeys must achieve several important early milestones. Once they are successfully integrating and interpreting different external data s[...]
Supply chain network design should be a key part of every organization’s supply chain optimization strategy. Managing an optimized supply chain network is a delicate balance between reducing transport[...]
A recent Forrester Consulting Total Economic Impact™ (TEI) study showed a potential total cost of ownership (TCO) reduction of 3.4 percent and a return on investment (ROI) gain of 109 percent for comp[...]
Today’s empowered shoppers want to choose from a multitude of products and delivery options and expect immediacy, convenience and simplicity. Competing against Amazon and other retailers with extensiv[...]
Business intelligence (BI) programs continue to grow rapidly in quality and scope reflecting the proliferation of digital data. IDC estimates a 26 percent five-year compound annual growth rate (CAGR) [...]
Having the right systems in place is a core pillar of successful supply chain operations. Too little technology, and you miss out on key data and knowledge to keep operations running smoothly. Too muc[...]
The traditional planning process is theoretically straightforward: identify what to sell, to whom, at what price and then ensure the product is where it should be when needed. This is, of course, simp[...]
Knowing the customer better than the competition empowers your organization to create better assortments, personalized promotions and marketing campaigns to drive sales and enhance customer loyalty. T[...]
This article by Jim Barnes, CEO of enVista, first appeared on Forbes.com. Omnichannel fulfillment has moved to the forefront of the industry — accelerated by COVID-19 — as retailers and consumers expl[...]
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