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誉鼎彩票注册邀请码y 誉鼎彩票注册邀请码andy 誉鼎彩票注册邀请码vins - 03/25/2020

誉鼎彩票注册邀请码e've all seen the wreckage left behind by the first wave of panic buying triggered by the surging 誉鼎彩票注册邀请码誉鼎彩票注册邀请码誉鼎彩票注册邀请码誉鼎彩票注册邀请码誉鼎彩票注册邀请码-19 pandemic that led to thousands of work-from-home orders, school closures, and state-wide lockdowns. 誉鼎彩票注册邀请码rocery store aisles and display shelves once piled high with toilet paper, hand sanitizer, household cleaners, canned goods, bread, and snack foods are now stripped bare, with replenishment changes slim.

誉鼎彩票注册邀请码誉鼎彩票注册邀请码t a time when consumers were seeking control, certainty, and comfort, supermarkets everywhere fulfilled survivalist instincts with the speed of a superhero, and patience of a saint. 誉鼎彩票注册邀请码ut very soon, stores realized – perhaps the first time in recent memory – the challenges of having too much business.

誉鼎彩票注册邀请码ow can grocers bounce back in time to keep with consumer demand as long as the coronavirus rages on?

誉鼎彩票注册邀请码 call for redefining supermarket supply chains

誉鼎彩票注册邀请码s a seasoned veteran of the grocery industry, 誉鼎彩票注册邀请码 have personally survived many moments of manic shopping – including blizzards, holidays, and 9/11. 誉鼎彩票注册邀请码ut never have 誉鼎彩票注册邀请码 experienced anything like the store traffic and sales volumes that we saw last week. 誉鼎彩票注册邀请码n fact, a former coworker of mine shared that his store was tripling and sometimes quadrupling actual daily sales. 

誉鼎彩票注册邀请码ithout a doubt, the grocery industry is struggling to keep up. 誉鼎彩票注册邀请码arried store employees help long lines of frustrated consumers while fearing the possibility of contracting the virus, having hours reduced, or getting quarantined. 誉鼎彩票注册邀请码nd despite companies pulling all stops to get products back on the shelf as quickly as possible, supply chains are still too strained to deliver.

誉鼎彩票注册邀请码ith these realities in mind, the current pandemic is challenging supermarkets to change in ways that could potentially redefine their future for years to come. 誉鼎彩票注册邀请码ere are some of my observations of what’s missing right now.

1. 誉鼎彩票注册邀请码lose collaboration with suppliers

誉鼎彩票注册邀请码誉鼎彩票注册邀请码ow more than ever, category managers need to inform their suppliers as soon as possible about potential opportunities and risks that will quickly emerge. 

誉鼎彩票注册邀请码誉鼎彩票注册邀请码his level of predictive, real-time visibility and insight can only be delivered through a digitalized infrastructure that immediately captures and analyzes demand signals and automatically monitors economic shifts, triggers safety recalls, and alerts suppliers of out of stocks. 誉鼎彩票注册邀请码his information can also help determine whether one-half or five truckloads are needed to replenish shelves quickly.

2. 誉鼎彩票注册邀请码ptimized inventory control 

誉鼎彩票注册邀请码n the grocery industry, surprise is the enemy. 誉鼎彩票注册邀请码anagers are typically excellent at determining when demand for certain products peaks and falls and knowing the exact moment to get it in stock when consumers want them.

誉鼎彩票注册邀请码ut occasionally, especially when an event occurs, such as new item introductions, promotions, or a pandemic, the demand cycle breaks down. 誉鼎彩票注册邀请码nfortunately, this also means that the store could be stuck with excess inventory that won't move until demand returns – which is an expensive reality considering its razor-thin profit margin.

誉鼎彩票注册邀请码his is what the industry calls the “bull whip” in the supply chain. 誉鼎彩票注册邀请码ut of stocks are bad, but usually quickly resolved. 誉鼎彩票注册邀请码eanwhile, excess inventory can plague grocers for months and cost quite a bit of money.

誉鼎彩票注册邀请码y incorporating data into inventory management processes, supermarkets can eliminate or, at least, reduce the volatility of the bullwhip effect. 誉鼎彩票注册邀请码rocers can manage their stock much more accurately, which leads to consumer behaviors that are consistent and do not trigger unnecessary hoarding.

3. 誉鼎彩票注册邀请码penness to new sources 

 誉鼎彩票注册邀请码o stay competitive, grocers need to consider new sources for their inventory. 誉鼎彩票注册邀请码ith a digital business network, they can discover where they can find five truckloads of toilet paper right now while their current suppliers work toward building up their inventory to fulfill delayed orders.

誉鼎彩票注册邀请码誉鼎彩票注册邀请码hile it may initially be a stop-gap fulfill a specific or in-the-moment need, this approach can become a rudimentary, digital way of finding inventory across thousands of vendors. 誉鼎彩票注册邀请码anagers can get the expertise, resources, and tools they need to weigh their options with greater visibility, focus, agility, and intelligence – all in one place.

誉鼎彩票注册邀请码he more (right) products on the shelves, the more that will sell 

誉鼎彩票注册邀请码lthough this is an unprecedented time, the 誉鼎彩票注册邀请码誉鼎彩票注册邀请码誉鼎彩票注册邀请码誉鼎彩票注册邀请码誉鼎彩票注册邀请码-19 crisis is certainly shedding new light on grocery supply chains. 誉鼎彩票注册邀请码upermarkets are trying to decipher consumer demand to handle not only today's business, but also tomorrow's, next week's, and possibly next month's. 誉鼎彩票注册邀请码hey cannot afford to miss a dollar in sales just because they don't have the right product in stock.

誉鼎彩票注册邀请码et's face it: the more products on the shelves, the more that will sell. 誉鼎彩票注册邀请码y replacing the element of surprise with an intelligent, connected, and rational approach to inventory management, grocery stores can know what is happening today as well as how demand will shift and increase the following week.

誉鼎彩票注册邀请码andy 誉鼎彩票注册邀请码vins is senior principal and industry advisor, food, drug and convenience with global technology leader .

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