Ship Monk

MARCH 11, 2024

And when we feel uncertain, humans tend to look for examples of what others in our situation have done. We’ll give you some examples of social proof, and we’ll even rank them in terms of trustworthiness. Of course, sometimes following the herd can lead us astray. We look for “proof” that we’re making a good decision. Some of it?

eCommerce 91

eCommerce Logistics Network Optimization Software Case Study Procurement Solutions 91

Ship Monk

FEBRUARY 9, 2024

This type of data must be actively gathered by researching market trends, analyzing the competitive landscape, conducting consumer surveys and focus groups. Of course, the more data you need and the more sophisticated your methods are, the more expensive demand forecasting becomes. Qualitative data is more subjective.

eCommerce 86

eCommerce Inventory Reduction Operations Modeling Software 86

Locus

FEBRUARY 7, 2022

Take the example of last year’s holiday season. According to a McKinsey survey , close to 70 percent of consumers switched brands and retailers if they found a product to be out of stock. All of these can help in identifying performance gaps or with course correction if needed. Share and Enjoy !

Optimization Software 52

Optimization Software Optimization Automation Logistics Network Optimization Software 52

Ship Monk

JULY 27, 2022

We’re talking, of course, about demand forecasting, or the process of predicting customer demand for a product or service. The COVID-19 pandemic was a prominent example. #5 1 Market Research – Market research gathers crucial customer data by means of surveying. But, to be fair, the wave of a magic wand doesn’t hurt.).

eCommerce 52

eCommerce Inventory Reduction Cost Reduction Price Reduction 52

Turvo

JUNE 16, 2020

So it comes as no surprise that the biggest challenges for shippers, according to a 2019 survey, published by Inbound Logistics , revolve around lowering freight spend and e-commerce: “Nearly two-thirds of them—63%—cite cutting transportation costs as an important focus of their logistics efforts.

Logistics Network Optimization Software 64

Logistics Network Optimization Software Sourcing Strategies Cost Reduction Expense Reduction 64

Freightos

JULY 11, 2017

For example, there are over 100,000 companies that sell over $100,000 worth of goods annually. Pioneers may lack coverage (for now), according to a Transport Intelligence mystery shopping survey, but this will soon change. REQUEST FREE FREIGHTOS DEMO. Every single year sees more and more small businesses importing.

Purchasing Skills 61

Purchasing Skills Price Reduction Cost Reduction Manufacturing Procurement 61