Why Out-of-stocks, Data Mismatch, and Hidden Demand Still Catch Out Beauty Brands When beauty brands review retail performance, the picture often looks reassuring. Availability appears high. Sales reports feel complete. Forecasts are built on what was sold. But our conversations with brands working directly with Ulta and Sephora reveal a more complicated reality. One where... Read more »
Supply chain management (SCM) is the broad range of activities required to plan, control and execute a product’s flow from materials to production to distribution in the most economical way possible. SCM focuses on integrated planning and execution of processes needed to optimize the flow of materials, information and capital in functions that broadly include… Read more »
What Is EDI? EDI is an abbreviation for electronic data interchange. EDI is an acronym for Electronic Data Interchange. EDI provides a standardized method of communicating data between businesses. The other businesses that you exchange data with would be considered your EDI trading partners. Using EDI, businesses are able to send information digitally from one… Read more »
There are many electronic data interchange (EDI) transaction codes that relate to business documents, such as invoices and purchase orders. These can be exchanged with your trading partners or other third parties using EDI. Most EDI partners support the EDI transaction codes you need, including codes that are defined by the ANSI ASC X12 standard… Read more »
One of the most basic tools retail brands use to understand their position in the market is point-of-sale data. From the very first time a shopper put your product in their cart to the national sales you may have right now, POS data gives you a clear picture of when and where your products are… Read more »
Supply chain sustainability (SCS) is a holistic view of supply chain processes, logistics and technologies that addresses the environmental, social, economic and legal aspects of every supply chain’s components. There’s a number of different factors that could affect SCS, this could include but is not limited too; Emissions Waste Carbon Footprint Labor Violations Air Pollution… Read more »
2020 is here and one of the industries that have seen unparalleled levels of change is supply chains. While the foundational measures still apply, such as quality, productivity, and service , we’re seeing supply chain trends that are focused on digital transformation. Is it a sign of things to come? You already know how important… Read more »
We feel it’s fair to say, the supply chain industry is going through an important transformational period. Most companies already know that supply chain efficiency is key for long-term success. Over the last few years, this sector has seen massive growth. If you’re not staying current, you’re risking being left behind or worse, getting passed… Read more »
A realized gain results from selling an asset at a price higher than the original purchase price. It occurs when an asset is sold at a level that would exceed its book value cost. While an asset may be carried on a balance sheet at a level above cost, any gains while the asset is… Read more »
Purchase price can be referred to a number of different things depending on the “context” of the conversation. With that in mind, here’s how we’re categorizing it. The purchase price is the price someone pays for something, which could be a service, product or investment. The specific purchase price is important because that’s the base… Read more »
Operating expenses refers to expenditures that a business incurs due to activities that aren’t directly related with the production of goods or services. Often abbreviated as OPEX, operating expenses include rent, equipment, inventory costs, marketing, payroll, insurance, step costs, and funds allocated for research and development. Understanding Operating Expense Operating expenses are necessary for many… Read more »
