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big data
not always structured
machine learning
big data sets to train
AI
trade margin
sales price - cost or
sales price / cost
grocery is FMCG
3 major techniques
refine grocery replenishment: availability (stockout, lost sales), waste,
freshness, efficiency
ecommerce
DDMRP - data driven forecasting
4. purchase, how I add value
direct purchase - fresh, lower cost, protect rights of the farmers from middleman
make or buy option - already producing organic & herbal products, dairy items with
fresh foods and vegetables
strategic purchase - vs tactical
blanket purchase - blanket PO is used for recurring orders over a longer period of
time with a concrete contractual start and end date
still people will consume - but at a different pattern - need to predict that
pattern
compete with
ecommerce (small and large)
regular grocery retailers
food service industry
strategy
remain competitive by maximizing customer value
maximize the overall value
rethink
strategy and activities at each stage
capacity of each location
need
planning
info, data
team effort
total SC as a whole
info sharing
more transparency and visibility
more trust
fast and accurate decision making
good KPIs
aligned values
work towards shared goals
both
just like any other dept (purchase, production, distribution etc)
values
cash cycle management/ minimization
end to end SC visibility
lean operation, less wastage, better flow
order fill rate and less stockout
brand promotion and protection
responsiveness, efficiency, adaptability
customers demand
faster
cheaper
better
flexible
so innovation in
product: CAD/CAM, robotic process automation, 3D printing
info: social media, ERP, IoT/RFID/GPS, big data, analytics, AI and machine learning
funds: EFT, blockchain