Competition across all sectors is higher today than ever before. The internet and highly sophisticated supply chains have made the world a smaller place meaning that consumers have more new options, and demands on a daily basis. This continuing trend means that businesses need to find ways to differentiate themselves, and added value remains a top solution to this challenge. This means the supply chain in any organization has an opportunity to become a competitive advantage by including value-added features.
Thinking outside the box has become a cliché statement. It’s still important but has become so overused it has almost lost its meaning. However when it comes to warehouse optimization and supply chain efficiency, it may be the most appropriate thing to say. Thinking outside of the box, specifically, what is under, over, and next to the box can provide the opportunity to address the speed and demand of omni-channel logistics. Rack, shelving, and storage space has become the next frontier for fulfillment centers. While it brings new challenges like maximizing space and worker safety, it also offers opportunities for new cost savings and efficiencies.
Every year forecasts are calculated to predict how all of the different elements of the economy will impact the busiest shopping time of the year. While positive trends can be encouraging, (year-over-year spending increases, shopping levels exceeding pre-recession norms, etc.) taking a deeper dive into new consumer behaviors, preferences and trends can be even more valuable.
Arguably one of the largest catalysts for developing e-commerce in recent years has been Amazon Prime. Prime is a subscription based service from Amazon. With a cost of $99 a year, subscribers get free 2-day shipping as well access to other services like free photo storage, music streaming and more. According to RBC, Amazon Prime has between 30 and 40 million subscribers in the United States. That accounts for 10% of the nation’s population. Recently the world’s largest retailer, Wal-Mart announced a plan to roll out an unlimited shipping plan for $50 a year. This plan would give shoppers access to millions of items along with guaranteed delivery within 3 days. As more and more people are opting for the convenience and affordability of shopping online, here are 5 ways that e-commerceis making it easier than ever to buy the products you want.
Retail sales is facing more challenges and competition than ever before. Customers demand more options at lower prices from more places. Addressing how these demands affect your supply chain can be difficult, but ignoring effective inventory management can be just as costly.
We’ve all been faced with the challenge of moving. Looking around your home at all of your possessions and wondering how you’re going to fit each item into a box and then each box into a U-Haul or your begrudgingly obligated friend’s. The game of real world Tetris when you load and unload personifies the ultimate goal of being as efficient as possible. The same is true for small package delivery, driven mainly by the growth of e-commerce.
Just as statistical knowledge can help prove your point in those Sunday afternoon gridiron debates, statistics can help you understand and navigate the new challenges of retail logistics. Here are 5 facts and stats about omni-channel and its impact on retail.
This year over 59% of holiday shoppers will be purchasing toys. With the average consumer expected to spend about $800, this is a substantial time of the year for toy manufacturers and retailers. The pressures of keeping costs low while responding to greater delivery demands and options are amplified during the holidays, but need to be addressed year round. Poor fulfillment can quickly ruin a birthday or special occasion. To prevent your toys and your brand from being synonymous with disappointment, optimizing your fulfillment operations and supply chain is imperative. Here are 3 strategic tips that can keep your supply chain lean, fulfillment accurate and inventory efficient.
Is there anything more American than spending a summer day at the ballpark watching baseball and eating a perfectly crafted Chicago style hot dog? This question conjures up an array of delightful memories for most, but one thought that undoubtedly never transpires is, “How was this hot dog made?” If you are like most, you don’t care about all of the details of how the hot dog is made, but you do care that it tastes great. The same core philosophy holds true with retail logistics. Everyone expects product to be in the right place at the right time, and they are not as concerned about what it takes to get it there.