A retailer’s arsenal for raising profit margins certainly includes ushering in new and improved products on shelf before they become commonly available.
The power of Big Data analytics is turning data into action. Both the brick and mortar and e-retailers are finding their ways and means to capture the shopper imagination.
Retailers are always looking for the most profitable ways to bring products to market. This essentially means an increased dependence on suppliers and wholesalers.
The supply chain collaboration model has got buy-ins from all types of businesses belonging to diverse sectors. But not every alliance between retailers and suppliers has flourished.
The first step towards becoming a demand-driven manufacturer is to build an effective demand signal management system.
DSM collects, integrates, cleanses, synchronizes, analyses, and disseminates customer related data which can enabling demand-driven decision-making.
In the growing competitive market the success of retailers and suppliers is completely driven by the collaborative and proactive action that they take in the competitive market. Every sqft cost for the retailer should be optimized and sharing actionable information with all the stakeholders on the go is going to be the key differentiator. The […]
Effective supplier collaboration can optimize the procure-to-pay cycle, streamline the process, and increase transparency for retailers and suppliers.
