Powering Your Digital Supply Chain: Attribute-Based Forecasting – Part 5

Today, across almost every category, products have more features and attributes than those available just a few years ago. For instance, a simple kitchen cleaner is not so simple anymore; there are countless combinations to choose from when you consider the brand, fragrance types, price bands and packaging sizes. The electronics industry has similar challenges…

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Powering Your Digital Supply Chain: Forecasting Returns – Part 4

Have you ever ordered something online and then decided to return it? You’re not alone. While returns for in-store purchases average in the single digits, returns from e-commerce sales average 30%, with even higher rates in certain categories. This creates an interesting problem for both retailers and manufacturers that sell online: in addition to predicting…

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Is Black Friday Dead? Does it Even Matter Anymore?

Year round discounting, the continued shift to online shopping, and the introduction of non-holiday mega-events like Amazon Prime Day and Alibaba’s Singles Day has clearly lessened the shopper’s desire to venture out on Black Friday. JDA recently surveyed more than 1,000 U.S. consumers to learn about their holiday shopping habits. Results show that 45 percent…

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The Retail Scheduling Challenge

Over the last year, lawmakers across the country have introduced a variety of scheduling accommodation mandates. Whether referred to as “fair scheduling,” “predictive scheduling,” “schedules that work,” or as a component of Workers’ Bill of Rights legislation, many of these bills are aimed at retailers, fast food workers, and employees in typically low-wage jobs. While…

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Merchandising: That Perfect Fusion of Art and Science

In retail, the four “R’s” are the key to success – putting the right product, in the right place, at the right time, at the right price. The “buyer” is traditionally the “artist”, applying their intuition and experience to select the “right products” and the planner the analytical “scientist” responsible for profitably placing the right…

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America’s New Labor Reality

Retailers across America have been announcing that they will be hiring thousands of seasonal workers for the holiday season this year, just in time for a wave of new labor regulations. On December 1, 2016, updates to the Fair Labor Standards Act (FLSA) will raise the minimum salary threshold required to qualify for exemption from…

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