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KPMG recently published its Retail Executive Outlook for 2023.71% of retail executives are prioritizing supply chain efficiency for this year.How will they accomplish this?Their top priority to improve supply chain is SKU rationalization.Which is a contingent action to remediate bloated product assortments and an inability to forecast demand.The question is,
[unable to retrieve full-text content]Exceptional retail merchants possess these three traits: They know who their customer is. Thus, they know how to serve them with the product they want. They know how to curate...The post What The Best Merchants Do first appeared on Retail Strategy Group
The typical retail end-to-end process can be visualized, simply, as a line.This makes sense, the end-to-end is very much a linear process.As such, visibility into the product journey diminishes once the customer has product in hand.This leads to issues that affect planning, product creation and merchandising.In turn, there is an
The End of "End to End"Happy New Year!Welcome to The Merchant Life where founders, VPs, and C-Suite executives come to seek out valuable merchandising insights.As with the January edition of any publication, you would expect to find a list of predictions for the upcoming year as you scroll down.Hunker down.But,
Manufacturing and Supply Chain Expert Lisa Anderson, MBA, CSCP, CLTD, known as the Strongest Link in Your Supply Chain® and President of LMA Consulting Group Inc., regularly works with manufacturers to strengthen their supply chains. “One thing is for sure, supply chains are NOT islands,” Ms. Anderson said. LMA Consulting