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Buy vs. Build: Should You Purchase Software or Create Your Own?

Parade

That’s not to say that it doesn’t take time to get to the point where you can use a purchased software in operations; it takes time to implement, integrate, test, and train staff to work with new programs. Reach out to the team at Parade for a demo that will give you a peek into everything Parade has to offer.

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Key Takeaways from SAP Spend Connect Live

Logistics Viewpoints

At one of the demo booths, what stood out was the ability of the procurement solution to track savings leakage over the course of a contract. For example, a buyer might say, “You only shipped me 800 of the 1000 products I ordered.” When a procurement contract is negotiated, the buyer has planned to achieve a certain level of savings.

SAP 143
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Importance of Social Proof in Ecommerce

Ship Monk

Did you know that 93% of consumers say that online reviews influence their purchase decisions? 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. What is Social Proof?

eCommerce 105
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Customer Relationship Management for Ecommerce Brands

Ship Monk

Customers are mostly anonymous, and purchases are made or abandoned, seemingly on a whim. This data usually includes the customer’s contact information, address, purchase history, social media engagement, email click-throughs, and dozens of other data points as they become available.

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Merchandise Inventory Tracking and Accounting

Ship Monk

Examples of Merchandise Inventory. A manufacturer purchases steel and brass from a supplier, and turns them into tiny gears to make watches. A watchmaker then purchases these gears and transforms them into beautiful end-product watches. In every example above, inventory was purchased and inventory was sold.

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Artificial intelligence and machine learning in supply chain management

EazyStock

For example, navigation apps, facial recognition, smart assistants, and even robot vacuum cleaners at home use this smart tech. For example, you can adjust the speed and volume of order processing to meet demand. For example, machine-learned computers can pack shipments and organize products. Machine learning in warehouses.

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Overcoming minimum order quantity (MOQ) challenges

EazyStock

MOQs and their impact on inventory Minimum order quantities, values and weights are a common challenge for inventory planners and purchasers. Inventory planners or purchasers will also be more efficient and save time that would otherwise be wasted by combing through SKUs and determining how to reach an MOQ or cube out a container.