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Supply Chain

Building a Better Supply Chain

Submitted by LumiData on Thu, 04/26/2012 - 23:00

Michael Noone, COO of Yusen Logistics, recently shared his supply chain insights with the NRF blog. Cooperation, integration and corporate social responsibility were key talking points. 

Interview with Sears' SVP & President, Supply Chain

Submitted by LumiData on Wed, 04/04/2012 - 04:52

From May 6-8, the NRF is hosting its Global Supply Chain Summit, and Rajan Penkar, SVP & President, Supply Chain is the keynote speaker. The NRF recently posted an interview with Penkar, who recenlty joined Sears Holding Corp. after 25 years with UPS. Highlights of the interview follow.

Mother Nature and Seasonality that Varies Across Different Retail Channels

Submitted by LumiData on Tue, 03/27/2012 - 23:00

While a majority of retailers focus their Black Friday promotions on the winter season, there are some retailers — like Home Depot or Lowe's — who may define their "big" Black Friday differently: in other words, one that occurs in spring.

Strategically Moving Inventory to Optimize Sales

Submitted by LumiData on Tue, 11/22/2011 - 00:00

Lean inventories are one of the keys to the 2011 holiday shopping season. And one means of keep inventories lean without having out-of-stock incidents is by relocating “slacker” inventory to markets hungry for that item. This is the number four trend this holiday season, according to Ellen Davis, VP and NRF Spokesperson. According to Davis, retailers are “maximizing regional or local markets that may be performing particularly well” by relocating underperformers to markets where they will perform well. This helps retailers maximize profits and makes items more available to shoppers in regions where they are sought after. 

Daily, Weekly or Monthly — Get Your Forecast Right

Submitted by LumiData on Tue, 11/15/2011 - 00:00
If you haven’t realized it by now, sales and inventory are directly connected to your initial forecast — and that of your retailer. An accurate forecast means the information you’re sending to your plant is going to be more useful in planning production. An inaccurate forecast means too little or too much inventory — and that’s a costly mistake.

Holiday Inventory Is Critical to 2011 Success

Submitted by LumiData on Sun, 10/09/2011 - 23:00

Yes, retailers are hiring more holiday workers this year — and a slight increase in holiday spending is predicted. And yet. Suppliers and retailers alike realize the importance — especially this year — of managing inventory levels and optimizing prices during a season of lackluster job growth and increasing costs of living.

Will Retailers See a Post-Irene Lift?

Submitted by LumiData on Tue, 08/30/2011 - 07:05

While some retailers saw a pre-Irene lift as consumers sought emergency supplies and necessities, the question remains whether retailers will see a post-Irene rise in sales that will re-coup any sales lost during the duration of the storm.

Ten Percent Increase in Sales Predicted for Easter

Submitted by LumiData on Tue, 04/19/2011 - 18:00

A new survey conducted by BIGresearch on behalf of the National Retail Federation's predicts total Easter spending to reach $14.6 billion. Not surprisingly, the largest spend is predicted to be on candy and food (for an estimated $6.6 billion).  Where else should retailers see increases in seasonal sales? Clothing, flowers, decorations, greeting cards and gifts. The survey also predicts that department stores and discounts will see the most gains.

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