BlueYonder

DECEMBER 11, 2023

The case of this tech retailer, The Source , shows why. Manual Analysis No Longer Cuts It The Source produces more than $400 million in annual revenue across more than 300 retail locations and online. The Source sells low-frequency purchases such as TVs, fast-moving convenience items such as chargers and everything in between.

Inventory Reduction 106

Inventory Reduction Sourcing Strategies Cost Reduction Strategies Retail 106

BlueYonder

JANUARY 31, 2023

The visibility will include not just the short-term purchase order or ASN-level visibility, but also the tactical kind of forecast collaboration with the suppliers. Level-two is starting to leverage predictive analytics: Can I predict where a challenge or disruption is going to occur?

Automotive 114

Automotive Supply Chain Planning Software Supply Chain Design Software Supply Chain Software 114

BlueYonder

DECEMBER 22, 2020

This blog is based on an article that recently ran in the Journal of Supply Chain Management, Logistics & Procurement, “ Supply chain agility: An imperative in an unpredictable world.”. A recent report by Morgan Stanley highlighted the growing importance of data, as well as the huge investments companies are making as a result. “In

Agile and Lean Supply Chain 98

Agile and Lean Supply Chain Supply Chain Execution Supply Chain Planning Software Supply Chain Software 98

BlueYonder

JUNE 27, 2024

It’s frustrating, time-consuming, and puts customers off future purchases — especially if they risk experiencing this bad returns process again. For example, if they receive many returns saying an item is too big, they can adjust the sizing guide to reduce return rates at the source.

Waste Reduction 118

Waste Reduction Cost Reduction Strategies Resource Reduction Sourcing Strategies 118

BlueYonder

JULY 31, 2023

This evaluation should be based on a quantifiable understanding of three key metrics: value, complexity and interdependencies. Value This metric sounds obvious but is often overlooked. Pre-order sourcing optimization helps to provide the customer with accurate delivery dates.

Optimal Sourcing 98

Optimal Sourcing Sourcing Strategies Expense Reduction Manufacturing Procurement 98

BlueYonder

MARCH 24, 2022

The State of Supply Chain Sustainability 2021 report tells us that the work for increased supply chain sustainability has not slowed down as a result of the COVID-19 pandemic, but is continuing in full force. When additional capacity is built, for example more warehouses or more sourcing partners, the environment is often negatively affected.

Supply Chain Planning Software 116

Supply Chain Planning Software Supply Chain Software Sustainability Agile and Lean Supply Chain 116

BlueYonder

DECEMBER 1, 2022

Our survey confirmed consumers are in fact tightening their belts, with 60% of shoppers reporting that they spent less than normal during Black Friday/Cyber Monday weekend this year and 30% spending a lot less than normal. Consumers still value flexibility for getting their purchases.

Survey 93

Survey Purchasing Skills Supply and Demand Price Reduction 93

BlueYonder

FEBRUARY 17, 2022

Followed by focus on big data analytics where companies began leveraging BI (business intelligence) tools for data-driven decision making. As we adhered to shelter-in-place orders from the CDC (Centers for Disease Control), each of us were purchasing more products and services online at a faster adoption rate than ever before.

Supply Chain Planning Software 75

Supply Chain Planning Software Supply Chain Software Predictive Analytics Software Analytics Software 75

BlueYonder

NOVEMBER 21, 2023

According to multiple sources, including Retail Insight Network (RIN), consumers are “expected to adopt an omni-channel approach during the 2023 holiday season, seeking to make purchases in-store and online, anytime and anywhere.” Here are a few advantages and reasons why you should.

Purchasing Skills 115

Purchasing Skills Real-time Visibility Retail Inventory Reduction 115

BlueYonder

DECEMBER 30, 2019

Once a specialty source for gasoline, cold beverages and prepackaged, shelf-stable foods, now convenience stores have evolved into much more. As competition increases — and consumers have even more purchasing options — C-store owners need to act quickly to attract and retain the new generation of shoppers.

Meeting 68

Meeting Supply Chain Software Purchasing Skills Procurement Solutions 68

BlueYonder

MAY 18, 2020

By leveraging machine learning (ML)-based prescriptive analytics and recommendations, customers can resolve the exceptions by looking at different scenarios and its impact on customer service levels, revenue and margin of different decisions. The current share of indigenous to imported sourcing for the OEMs is approximately 40:60.

Automotive 98

Automotive Modeling Supply Chain Planning Software Scenario Planning 98

BlueYonder

MARCH 22, 2017

Retailers need to ensure that a customer’s purchase journey is completely understood and tracked. The buying process of each category will have varying aspects of product research and social influence; the marketing communication should be calibrated in sync with analysis of the customer purchase path. Start with the customer.

Supply Chain Planning Software 71

Supply Chain Planning Software Modeling Supply Chain Design Software Procurement Analytics 71

BlueYonder

OCTOBER 18, 2022

More than half (53%) of respondents to Blue Yonder’s survey said they made a holiday purchase during the October sale, indicating that the busy shopping season is well underway and confirming the accuracy of the early shopping trend. However, in the latest survey, only 66% reported being pleased with the promotions.

Optimal Sourcing 104

Optimal Sourcing Purchasing Skills Price Reduction Inventory Reduction 104

BlueYonder

OCTOBER 13, 2022

CPG brands are well known for their ability to gather insight around these kinds of metrics, as well as information pertaining to competitors jockeying for the same wallet share. It can be a costly exercise but is worth the outlay considering these channels will be the persuader of upfront investments and ultimate purchases.

Sourcing Strategies 98

Sourcing Strategies Modeling Software Supply Chain Planning Software Supply Chain Design Software 98

BlueYonder

JANUARY 19, 2018

And up to 75 percent of transactions with retailers will take place without human contact, as new technologies open up new, and formerly undreamed-of, avenues for shopping and purchasing. Roberts and Sterneckert detailed how dunnhumby and JDA are helping retailers deliver value by combining actionable insights and execution.

Optimal Sourcing 68

Optimal Sourcing Sourcing Strategies Predictive Analytics Software Supply Chain Software 68

BlueYonder

SEPTEMBER 5, 2013

Product-focused merchandising starts with product investment strategies developed from analyzing “known” metrics for merchandise performance and product profitability. In contrast, consumer-focused merchandising creates curated and personalized assortments based on an understanding of the customer, their preferences and path to purchase.

Resource Reduction 60

Resource Reduction Supply Chain Planning Software Inventory Reduction Price Reduction 60

BlueYonder

MAY 27, 2014

To do this well, retailers need to evolve quickly to optimize every aspect of customer interaction – space & category management, merchandise planning, pricing, supply chain planning, sourcing, fulfillment and in-store processes. So how can retailers embark upon this journey to customer centricity? Create targeted offers.

Optimal Sourcing 73

Optimal Sourcing Retail Purchasing Skills Modeling 73

BlueYonder

JUNE 27, 2017

And there are several services that will gather and report on local events (festivals, concerts, sporting events, etc.) What’s the trade-off between getting news to the public vs. double checking the source? for those who want to know. The concert and the chicken were great! And there were no earthquakes. How JDA Can Help.

Big Data 71

Big Data Charlotte Supply and Demand Real-time Visibility 71

BlueYonder

OCTOBER 10, 2019

But only 28% reported regularly following the news, while 57% only have a general understanding of what’s going on. An overwhelming majority of consumers report their recent spending is “business as usual” considering the trade war with China. Nearly 85% of respondents are familiar with the news around the U.S.

China 83

China Optimal Sourcing Purchasing Skills Survey 83

BlueYonder

DECEMBER 30, 2019

Once a specialty source for gasoline, cold beverages and prepackaged, shelf-stable foods, now convenience stores have evolved into much more. As competition increases — and consumers have even more purchasing options — C-store owners need to act quickly to attract and retain the new generation of shoppers.

Meeting 52

Meeting Supply Chain Software Purchasing Skills Procurement Solutions 52

BlueYonder

MAY 31, 2023

As part of our “Fearless Females of Supply Chain” Blue Yonder Live series, Blue Yonder’s Chief Customer Officer Susan Beal spoke to Love’s Ashley Gockstetter, Director Customer Strategy, Loyalty & Analytics, and Karlyn Cottle, Manager of Vendor Strategy. You can watch their conversation here.

Supply Chain Strategy 96

Supply Chain Strategy Oklahoma City Supply Chain Purchasing Skills 96

BlueYonder

JUNE 1, 2020

Retail sales declined 16% in April, according to a recent report from the Commerce Department , marking the largest two-month decline on record. By identifying this trend, some responded by reducing their assortment down to only two types of toilet paper being sourced from a single supplier.

Price Reduction 94

Price Reduction Forecasting Manufacturing Procurement Inventory Reduction 94

BlueYonder

MAY 17, 2017

In parts 1 and 2 of this blog series, you learned about the role collaborative partnerships play in supply chain planning and execution with real-time visibility and predictive analytics and the benefits of the JDA and TransVoyant partnership. Moving from Traditional Demand Management to Demand Sensing Activities.

Real-time Visibility 45

Real-time Visibility Sourcing Strategies Material Savings Cost Reduction Strategies 45

BlueYonder

MARCH 9, 2017

In just four years, survey respondents indicated that they have increased how they are using this type of data within their businesses: Source of real-time customer feedback (73 percent in 2016, vs. 56 percent in 2012). The report suggests viewing your planning applications in three groups: the core, process and edge.

Supply Chain Planning Software 58

Supply Chain Planning Software Supply Chain Planning Scenario Planning Manufacturing Procurement 58

BlueYonder

JULY 28, 2022

This insight comes from the 2022 State of Supply Chain Sustainability Report , presented by the MIT Center for Transportation & Logistics (MIT CTL) and the Council of Supply Chain Management Professionals (CSCMP), sponsored by Avetta, Blue Yonder, C.H. This is the third year of the annual report. Key Themes.

Sustainability 52

Sustainability Material Savings Optimal Sourcing Sourcing Strategies 52

BlueYonder

FEBRUARY 26, 2016

ChainLink Research recently released two reports about how digital technology is affecting today’s manufacturers. The first report, Digital Displacement , explores how these digital advancements are impacting manufacturers’ products. There is a lot of good information in this report, and I recommend that you give it a review.

Manufacturing Procurement 40

Manufacturing Procurement Manufacturing Industry Industrial 40

BlueYonder

MAY 17, 2017

In parts 1 and 2 of this blog series, you learned about the role collaborative partnerships play in supply chain planning and execution with real-time visibility and predictive analytics and the benefits of the JDA and TransVoyant partnership. Moving from Traditional Demand Management to Demand Sensing Activities.

Sourcing Strategies 40

Sourcing Strategies Real-time Visibility Material Savings Cost Reduction Strategies 40

BlueYonder

SEPTEMBER 6, 2022

Companies can now leverage AI-enabled algorithms, advanced data science and predictive analytics to pull in enormous volumes of structured and unstructured insights from across the end-to-end supply chain — across multiple tiers of suppliers — in near real time.

Supply Chain Planning Software 52

Supply Chain Planning Software Supply Chain Planning Supply Chain Strategy Supply and Demand 52

BlueYonder

JANUARY 19, 2018

And up to 75 percent of transactions with retailers will take place without human contact, as new technologies open up new, and formerly undreamed-of, avenues for shopping and purchasing. Roberts and Sterneckert detailed how dunnhumby and JDA are helping retailers deliver value by combining actionable insights and execution.

Optimal Sourcing 40

Optimal Sourcing Supply Chain Software Sourcing Strategies Predictive Analytics Software 40

BlueYonder

FEBRUARY 12, 2015

v] There are tremendous opportunities to understand behavior patterns and clues to anticipate shopper needs, understand personal preferences, predict purchase paths, forecast demand, estimate returns, anticipate supply disruptions and much more. Learning will improve with the abundance of data. ii] https://www.coursera.org/course/ml.

Supply Chain Design Software 40

Supply Chain Design Software Supply Chain Planning Software Supply Chain Software Predictive Analytics Software 40

BlueYonder

MARCH 22, 2017

Retailers need to ensure that a customer’s purchase journey is completely understood and tracked. The buying process of each category will have varying aspects of product research and social influence; the marketing communication should be calibrated in sync with analysis of the customer purchase path. Start with the customer.

Supply Chain Planning Software 40

Supply Chain Planning Software Supply Chain Design Software Modeling Procurement Analytics 40

BlueYonder

AUGUST 17, 2023

Watch the “Inventory Distortion: The Good, the Bad, the Ugly” webinar , which provides an overview of the study results — or read IHL’s in-depth research report. You can also learn more about “The Good The Bad and The Ugly of Inventory Distortion” by downloading the report and watching the webinar. Trillion in 2023.

Inventory Reduction 52

Inventory Reduction Cost Reduction Strategies Optimal Sourcing Purchasing Skills 52

BlueYonder

OCTOBER 5, 2020

Despite the nation’s economic downturn and the end of the federal stimulus that had largely driven consumer spending, retail sales reported its fourth straight month of growth in August , however modest. This number was 74% in April and 57% in March.

Survey 59

Survey Supply Chain Planning Software Inventory Reduction Trends 59

BlueYonder

JANUARY 8, 2019

According to a recent eMarketer report , almost 70% of retailers used Instagram for marketing last year while 28% used Snapchat. More consumers are using social media to research their purchases. From their social feeds to eCommerce, more customers are buying products right from the source.

Supply Chain Planning Software 40

Supply Chain Planning Software Demand Planning Software Predictive Analytics Software Supply Chain Network Software 40

BlueYonder

APRIL 7, 2015

Based on this data, a predictive model is created to help identify expected trends for select items. Data sources that may be leveraged for this include demographic data, customer transactions, shipping information, local buzz and insights from research. But demand profiling is not limited to channels. Transaction log data.

Sourcing Strategies 40

Sourcing Strategies Price Reduction Inventory Reduction Material Savings 40

BlueYonder

JUNE 27, 2017

And there are several services that will gather and report on local events (festivals, concerts, sporting events, etc.) What’s the trade-off between getting news to the public vs. double checking the source? for those who want to know. The concert and the chicken were great! And there were no earthquakes. How JDA Can Help.

Big Data 40

Big Data Supply and Demand Charlotte Real-time Visibility 40

BlueYonder

JANUARY 23, 2017

Those empty mall stores could soon be filled with makeshift distribution centers for online purchase pickup and returns, as well as physical stores for online merchants. Read more in Mall Owners Find Relief From Unlikely Source: Online Retailers in the Wall Street Journal. Target sees a sales slump.

Purchasing Skills 40

Purchasing Skills Forecasting Supply Chain Planning Software Retail 40