In the fulfillment process, sales are often forecasted using the historical sales data. The retailer then tracks the sales, and inventory information (For example available quantities), as well as any promotions, and forecasts needed orders. The buyers keep watch on the data and push orders for their items. Many retailers also issue a primary, …
Safety stock is normally required by companies to ensure that they have sufficient quantities of material in stock. The safety stock is there to provide coverage for unexpected customer demand, damage in the warehouse or required due to quality issues found in production. However, there are situations where companies do not require inventory to …
I am bringing up charge backs again. The infamous offset expense that usually ends up hitting the profitability of many retail suppliers is something which needs to be discussed on a regular basis. For many suppliers, keeping up with a retailer’s compliance guides is a challenge. A single order with a retailer fine or …
The word “Dabbawalla” translates to dabba = lunch box, and walla = man or the ‘lunch box man’. It is a 125 year old trade formed by a unique and incredible network of 5,000 men with the complex task of delivering 200,000 homemade lunches each day from suburban homes to downtown offices in the …
WHAT IS AN EDI PROVIDER? This is a common question asked by companies who are looking for an organization to manage or provide all or a portion of an EDI solution. In its most basic form, an EDI Provider should be able to connect to your trading partner on your behalf and provide you …
Each of the components required for the use of retail math are carried in within EDI documents traded between retailer and manufacturer (Supplier) with few exceptions. While there is some argument within industry segments as to terminology and formulas – these are common.
Average Inventory
Average Inventory (Month) = (Beginning of Month Inventory + End of …
CPFR (Collaboration, Planning, Forecast and Replenishment), is a business model that has received significant attention in the Supply Chain over the years. A noticeable percentage of the old VICS website was dedicated to it. Dozens of papers have been written on the subject. You as an individual could take classes and become certified and …
We are 23 or so days into the Holiday season. Do you know where your sales are? Do you know them by item, category or client? This isn’t one of those papers on this year’s sales compared to ’08 or ’07. I want to go over some data points you or your boss may …
You have to love the dynamics in the ASN. You should recognize the one(s) you use and recognizing it probably don’t give it a second thought.
For those who don’t know, the 856 Advance Ship Notice (ASN) is used to notify your customer how you packed and shipped their order. It lists the contents of …
Logistics could be defined by many as: The process of planning, implementing, and controlling the Efficient, cost effective flow of materials, in-process inventory, finished goods and related information from the point of origin to the point of consumption for the purpose of meeting customer requirements. Reverse logistics includes all of the activities mentioned in …
