Making the most of markdowns
Markdowns cost retailers billions, yet they are essential in the world of retail. To make most of it, retailers need to maximize margin and avoid excess stock.
Markdowns cost retailers billions, yet they are essential in the world of retail. To make most of it, retailers need to maximize margin and avoid excess stock.
Running a grocery business has changed fundamentally: The days of working on intuition have passed, and the days of data analytics and frictionless retail are here.
With AI hype going on, many forget that AI doesn't matter, but the results do. We now use pragmatic AI when describing how we use data for better decisions.
RELEX was used to simulate the dynamic safety stock levels and their effects on inventory and service levels in MIT research.
Years ago, a store may have stocked between 7,000 and 8,000 over-the-counter SKUs. Today, retailers have to account for and optimize anywhere between 15,000 and 20,000 SKUs.
Retailers are no longer interested in major system replacements. Instead, there's a trend toward implementing in parts rather than as a whole.
Many assume that a focus on quality leads to a higher level of waste. It doesn't. In fact, waste and quality problems often share the same root cause.
In grocery retail, the reality is that the change and the challenges aren’t going to stop anytime soon. If anything, the competition will just get tougher.
The NRF Retail’s Big Show in New York is among the most important retail industry events of the year. Among the trendier topics this year was the rise of AI.
Does corporate responsibility end with the spreadsheet, or do grocers have a second set of responsibilities – to the customers and the earth providing the goods?
16 % of large US grocery retailers still base their distribution center forecasts on historical data on outbound deliveries from these distribution centers. This is akin to driving a car while looking into the rearview mirror.
Choosing a supply chain planning system isn’t easy. That's why we've listed some things to consider if you’re going to transform your supply chain planning.
Earlier in September, representatives from 15 of the biggest grocery retailers across Europe, gathered at RELEX's Grocery Forum to discuss the future of unified retail planning.
Accurate forecasting is at the core of increased operational efficiency as it is key to accurately match resources, such as stock and personnel, with demand.
We surveyed leading North American grocers and compiled the key results in a study titled 'Growing and Sustaining Competitive Advantage in Grocery Retail'.
A supply chain is always a work in progress. You can optimize it so it’s running as close to perfect as possible and then circumstances change.
Predicting weather is not easy and rapid changes in weather can cause consumers to suddenly shop or cease to shop for specific products, which can quickly become costly for a retailer.
The wide State of the Retail Supply Chain study conducted in 2017 by Martec International indicates that, in many areas, UK and Irish retailers are ahead of their European counterparts.
Many of the same trends we’ve seen in 2017 will continue in 2018 alongside new challenges and opportunities. We’ve listed the five most interesting trends that grocery retailers can expect in 2018.
“What would you consider a good level of forecast accuracy in our business?” is probably the single most frequent question we get from customers, consultants and other business experts alike.
The recently released Grocery Tech Trends Study reveals the top priorities for grocers embracing digital transformation.
As a retailer, you’re under tremendous pressure from all sides. The good old days of simply stacking the shelves and watching it sell are long gone and the competition is fiercer than ever.
This increasingly complex supply chain means that retailers today can no longer rely on traditional pricing strategies in order to differentiate.
Driving efficiency and increasing revenue in this ever-changing environment means a constant pull in multiple directions. So how can the CFO create change, improve the operating ratios and minimize risks for the business?