Category: Uncategorized

Preparing Your Grocery Store for a Recession

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Renny Smith

Grocery store managers understand that consumer demand is constantly in flux. In periods of economic uncertainty, customers spend less on everything from essentials to discretionary purchases. Recessions are lean times, forcing buyers to tighten their spending, even when buying groceries. Despite the challenges a recession brings, specific strategies can help your retail store survive and […]

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Grocery Store Trends for 2023

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Renny Smith

As grocery store retailers prepare to enter the new year, they face challenges ranging from rising grocery prices to high freight trucking costs. Retailers learned from supply chain disruptions that increasing efficiency is vital for staying competitive. From food and beverage producers to distributors and local stores, companies in the grocery store industry supply chain […]

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The Benefits of VMI for CPG Supply Chains

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Renny Smith

Increasing supply chain efficiency is crucial for every consumer industry, from fashion to farming to technology. Consumer Packaged Goods (CPG) are no exception. Research from management consulting firm Kearney indicates that CPG companies relying on inefficient legacy supply chain operating models could lose $800 billion in growth by 2027. The impact of supply chain inefficiency […]

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Grocery Store EDI Transaction Codes: A Guide

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Renny Smith

Grocery stores need to send and receive large quantities of business data, from order details to invoices to shipping information. Manually entering all this data into a computer system is inefficient and prone to errors, which is why many grocery stores and retailers use Electronic Data Interchange (EDI) to automate document sharing. EDI streamlines transaction […]

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When to Use Hard and Soft Allocation

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Renny Smith

Managing inventory across a company’s stores, warehouses, and distribution centers can be challenging. Manufacturers and suppliers frequently use either hard or soft inventory allocation to track stock and maintain optimal inventory levels. Using the right inventory allocation method is vital for ensuring the correct amount of inventory reaches its intended destination on time and streamlining […]

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5 Best Practices for Inventory Allocation

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Renny Smith

For businesses at any point along the supply chain, rising orders are a welcome development. Yet expansion into new markets and channels brings challenges, especially in inventory management. Tracking products across a supply chain’s stores and distribution centers often becomes a headache as supply chains go global, requiring inventory visibility and control. One solution for […]

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How to Improve the Performance of Your Suppliers

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Renny Smith

The global economy is highly interconnected, and the actions of customers, manufacturers, suppliers, and retailers all impact other players in the supply chain. Smooth coordination between partners like distributors, retailers, and suppliers enables sellers to maintain a competitive edge, retain customers, and maximize operational efficiency. Yet sometimes you may find your suppliers are underperforming. Inefficiencies […]

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5 Ways to Prepare Your Supply Chain for a Recession

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Renny Smith

When a recession hits, many companies respond by increasing prices, discontinuing products, or taking other drastic measures to protect their profit margins. Yet focusing on your company’s priorities and strategizing for the long term are equally important, as some cost control measures can drive away loyal customers, impact supplier relationships, and affect the scalability of […]

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Migrating from Microsoft AX or NAV Enables Users to Explore New Cloud-Based Solutions

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Renny Smith

If you are a Microsoft user, you may have heard Microsoft recently made a few important product support announcements pertaining to Microsoft Dynamics AX and NAV. As of January 10, 2023, all versions of Microsoft Dynamics AX have moved out of Mainstream Support. Additionally, Dynamics NAV 2013 and 2013 R2 have also reached the end […]

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Inventory Forecasting: How Automation Can Improve Your Forecasting for Better and Cheaper Inventory Management

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Renny Smith

A company’s ability to forecast demand, plan for fulfillment, and adapt to supply chain disruptions is critical to its success. Poor inventory management can lead to overstocking and understocking and disappointed customers. As supply chains evolve with customer demands and expand globally, antiquated and manual inventory forecasting methods can’t keep up with business needs. Many […]

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