The New Science of Retailing: How Analytics are Transforming the Supply Chain and Improving Performance

This book describes how to apply modern analytical supply chain tools and concepts to retail management, with particular attention to pitfalls that hinder successful execution. Written for executives in retailing, the book has many quotes from successful retail executives and numerous examples of pitfalls.For example, it demonstrates with a numerical example why it may be profitable to use airfreight for apparel - the resulting shorter lead time enables a retailer to cope better with demand uncertainty (forecast error).The authors argue persuasively that appropriate metrics are critical for good supply chain performance. For example, one should use the sales-capture rate instead of the so-called "in-stock rate" (percentage of time an item has positive inventory) since inventory records are notoriously inaccurate; when the computer says there is one item in stock, often that unit isn't in the proper display space so no potential buyers can find it, and hence sales won't occur.The book is quite well written and understandable and enjoyable to read.Full disclosure: this reviewer knows both authors personally and holds them in high regard.

Good book with great overview of retail analytics. It was written in 2010 time frame so *some* of the businesses discussed are now closed/bought/rebranded. Borders is a good example. Overall, a great way to learn more about Retail Analytics. I recommend for those wishing to learn more that have a basic foundation of analytics.

Very well written. Authors address a range of topics related to Retail supply chain planning and store execution with the goal of increased sales while optimally managing inventories and costs. The sections on Assortment Planning, Supply Chain Flexibility, and Store Execution are truly outstanding. Authors blended in several real life examples and case studies to make this book a very interesting read. For retailers challenged with ever growing complexity in SKU assortments, informed consumers, and increasingly volatile economic environment, this book offers practical advise on how to deal with this complexity and variability. For Retail Supply Chain consultants this book contains several emerging trends as well as proven best practices.

More than only regular information, The New Science of Retailing touch in a very important aspects of the modern business managing bringing several good examples of application, helping us to fix the concepts

This book does highlight useful concepts but there is some difficulty in following some of the explanation used for excel. Still definitely a good book.

The authors really understand the in-and-outs of retail and there are always new sights when you read the conclusions in addition to the well-structured experiments and analysis. I learned a lot from every chapter.

Great product, fast shipping

i recommend this for a logistic manager, it has really interesting points about all retail bussines but specially for the logistic people

Thanks for good & quick service!!

When reviewing a book, I always give priority to what I think might be the target reader as it is always pretty much important to know what to expect. This book is definetely a must-read for Buyers, especially those working in the Fashion Retail business. Despite some, for me hard to get ,math and statistics, the concepts were delivered quite clearly and the hands-on experience exudes throughout the book. The book is not a recent one and the trends described are changing but some hard core concepts are there!! I enjoyed reading it!!

The two Authors come from academia but do enjoy a very unique set of experience with major retailers- and this book is the natural outcome of this mix.Therefore, this text is very substantial, always insightful and fact-based. It is interesting for both the practitioner and the academician,even if its aspiration to real-life implementation is clear. Easy to read but never simplistic nor basic, it is a great read.

Read it after it was recommended by the ceo of my company in a meeting. It's a good ond if one has to understand retailing business in depth, and can make you find areas of improvement and change.

The books is nicely written. For a Novice to Retail or Retail Analytics, This book is a best companion.