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Dan Gilmore is a recognized thought leader in WMS, with experience prior to his role at Softeon as the founder of Supply Chain Digest, CMO at RedPrairie (now BlueYonder) and as lead WMS analyst at META Group (later acquired by Gartner). Provide real-time, granular inventory and order visibility across an extended network.
So, the parking spots are getting more and more occupied with drop trailers, meaning lot capacity shrinks while finding the trailer with the highest-priority inventory becomes even harder. Problem number three: appointment scheduling is a mess. For various reasons, many drivers show up unexpectedly and at the same time.
Inventory Is an Egregious Symptom of Supply Chains Gone Wrong. Today, inventory fire sales abound. Headline news included Wal-Mart, Target, Kohl’s and Macy’s struggling with inventory bloat and offering deep discounts. Wall Street Journal Headline on Retailers Using Containers to Store Excess Inventories. My take away?
That’s a relatable frustration to anyone who works in inventory management! Now, while retail inventory doesn’t usually have a pulse, it’s in a similar situation to Schrödinger’s cat when it heads out into the world. Once goods are in the hands of the customer, they might be sold forever, or they might be returned.
From fulfillment analysts and omni-channel commerce managers to customer success managers, diverse functions are tasked with ensuring that inventory is properly rebalanced following a disruption. Due to a storm, one DC that’s carrying 40 units of inventory is suddenly out of operation. The result?
For retailers trying to align inventory with demand this 2023 holiday season, it’ll be like catching falling apples from an uprooted tree in full flight. Despite all the complexity in predicting the season, there are clear clues for how to tactically leverage inventory placement. It needn’t be too much of a juggling act.
And we invite you to donate via this link: wck.org/blueyonder. Situations like this are extremely sensitive, and each customer must decide on their own what is the right course of action. The post Keeping the World’s Supply Chains Moving — Even During the Worst Kind of Disruption appeared first on Supply Chain Nation.
Inventory control represents a huge challenge for any retailer. In fact, inaccurate inventory is the single biggest cause of poor customer experience, according to a new survey by Blue Yonder. How did the company overcome its inventory issues? Over two years, The Source reduced its inventory investment by 19%.
Recent reports have highlighted the challenges many retailers are having with excess inventory. The impact of excess inventory at this challenging time can be devastating as seen by the recent demise of made.com. Real-life kicks in, trends change and alongside death and taxes, excess inventory is certain.
Retailers must enhance their inventory and fulfillment decisioning capabilities to thrive in this dynamic landscape. Efficiently allocating inventory across channels while minimizing costs is no small feat. Siloed processes, fragmented inventory visibility, and costly fulfillment practices plague their operations. Here’s how: a.
IHL’s latest report on the future of grocery shows some hard lessons learned from the 2020 disruptions, especially when it comes to inventory accuracy. This helps ensure that available inventory is the right mix of high-demand items, without having too much stock. Let’s take a closer look at why these technologies matter.
How can retailers connect the two, so that inventory is optimally located for that final leg of the journey? Linking demand and fulfillment with inventory planning remains an underexplored advantage that will help combat consumer expectations that span not just speed and convenience, but sustainability too. The “right now” requirement.
In Part 2, we dive in further into five critical areas of this subject including field inventory, customer centricity, regulations, contract manufacturers, and business planning. Consignment inventory is consigned to medical offices, hospitals, or even patient homes.
In every role inventory availability and protecting the company’s assets was always critical. is a contributing factor, inaccurate inventory management process and systems remain a big driver of the out-of-stock problem globally. in the first quarter – primarily from inventory shrink. While increasing retail theft in the U.S.
Getting the mix wrong comes with serious consequences — excess inventory on the one hand, and lost sales on the other. Not only does multi-echelon inventory optimization, driven by AI and ML, avoid large capital investments in parts and materials, but it also decreases warehousing resources, container space and waste.
From extreme weather to port closures, disruptions all too frequently upset these teams’ carefully defined plans for getting inventory from Point A to Point B — leading to stockouts and dissatisfied customers. Intelligent Rebalancer can work across both inventory and order data to define the most efficient fulfillment plan.
Consumers need real-time visibility to inventory. Older systems simply aren’t equipped to enable real-time inventory visibility, intelligent and autonomous allocation, profitable fulfillment and other core capabilities retailers need today. Fulfillment promises need to be accurate and profitable.
The first is reduction of inventory, which includes the work-in-process inventory and finished goods inventory. This can be done by reducing inventory in multiple sites and how they are stored. There are some inventories that do not move or move as fast. How would manufacturers reduce working capital? Sunil: Yes!
A modern supply chain is more than the efficient movement of optimized inventory downstream to meet forecasted customer demand. Each of the functional areas — inventory management, assortment and space and pricing — influences the other areas because they are all connected to customer demand. And completely the opposite of reality.
What’s the real cost of inaccurate inventory management? IHL Services, a global research and advisory firm, estimates that inventory distortion — the combined cost of lost sales from out-of-stocks, along with the deep discounts required to sell overstocks — will drive a $1.77 trillion problem of inventory distortion.
Retailers must ensure that product information, pricing, inventory levels, and returns processes are consistent across all platforms. Inventory visibility and control Real-time inventory visibility is an essential cornerstone of peak seasons. If done well, 94% of consumers would repurchase if the returns process is easy.
The wholesale distribution business model has always been a challenging one, characterized by large product inventories, multiple trading partners, high transaction volumes, and cost-intensive logistics. It’s nearly impossible to re-allocate inventory in the most strategic, profitable way on the fly using manual processes.
The IDC MarketScape looked at whether the applications could support profitable decision-making, enhance both the pre- and post-purchase customer experience, position inventory accurately, and optimize the in-store experience. The IDC MarketScape report on Order Orchestration and Fulfillment evaluates 14 software vendors in this area.
Inventory Processing and Order Management Efficiency Has Become a “Make” or “Break” Issue One of the main challenges WD&M faces is transforming away from legacy approaches to inventory processing and order orchestration, as well as moving toward solutions primed to handle omni-channel. The result? So, what’s the solution?
Here’s what retailers need to plan for: Inventory and Logistics: Demand fluctuations: While some businesses experience a slight bump in sales due to “extra spending money” or themed promotions, others might see a dip as consumers wait for Leap Day deals. This is especially important for perishable items.
Digitally Transforming Personalization, Inventory, and Payments Across the Retail environment How Nordstrom Hyper-Personalized Digital Commerce In the realm of hyper-personalized digital commerce, Nordstrom stands out not only for its sophisticated approach but also for how it aligns seamlessly with the four pillars of retail transformation.
But the truth is, using a traditional, monolithic ERP to manage inventory and order management for omni-channel and e-commerce is more difficult than your ERP salesperson may have led you to believe. You need Blue Yonder’s microservices. Here’s why.
Dynamic Inventory and consumer visibility The consumer experience has certainly advanced from the early days of e-commerce, where you’d often only find out at checkout whether an item was in stock. The low-tech approach to combat inventory uncertainty is by simply over-investing in inventory. In the U.S.
Market-based demand forecasting to help you predict localized demand and placement of inventory Retailers are facing increasing pressure to offer affordable, reliable, and frictionless customer experiences. This is especially key as companies deal with rising prices due customer expectations for flexible and fast fulfillment options.
However, the risk of this business model is the disconnect with the market it serves — which results in massive incentives to clear out vehicle inventories. During the customer’s vehicle ordering and configuration process, the Blue Yonder Platform can offer real-time inventory and pipeline search.
Disappointed Customers Even fewer retailers — 18% — used AI to optimize their inventory by keeping their dynamic safety stock up to date. Then you’re selling products you don’t actually have in inventory. Inventory placement ( 42% ). Inventory placement ( 42% ). Why do such low levels of adoption matter?
ThroughPut harnesses powerful AI that identifies how you can achieve the highest service levels, with the lowest feasible inventory levels, all while simultaneously defining the lowest landed cost and the most optimal cash conversion schedule for your supply chain whether measured holistically, by line of business, manufacturing site, or by SKU.
If the 9% of spend-shy consumers is an indication of things to come, retailers will need to leverage inventory levels cautiously to avoid overstocking, which could lead to increased holding costs and potential markdowns later. Things will move too fast and too unpredictably. And it needn’t take months.
The domain business services are, for example, order, inventory, load building forecast, cross stock, and flow through. We are now able to, for instance, for your warehouse solution, add two microservices, one for inventory availability and the other for decisioning around where you should source inventory from.
Since the data is stale the planners are working with lead times that are significantly different from what inventory will actually be available. The batch planning systems can only replan the entire supply chain but can not incrementally fix only what is broken.
Having a disjointed view of inventory and customer data across both physical and online channels is no longer an option for retailers. Implementing an OMS effectively can provide significant value to your commerce outlook, offering a centralized platform for managing orders, inventory and fulfillment across the omni-channel landscape.
Instead, B2B companies need an order management that is highly flexible, agile, scalable, customizable, along with intelligent decision-making, real-time inventory visibility and customer centric capabilities. The inventory counts should be updated in remote systems as orders are received and allocated to fulfillment nodes.
End-to-end supply chain digitalization has proven essential in addressing these macro issues by finding alternate suppliers, locating or diverting inventory, identifying new routes, and taking other strategic actions. In addition to optimal inventory placement, this may require innovative new fulfillment strategies,” Peck explains.
evaluating the robustness of their inventory, order management and omni-channel fulfillment capabilities, especially as consumers embrace a hybrid shopping model. Let’s start with the advice regarding inventory management. But having an enterprise view of inventory can enable grocers to meet customer expectations.
Right now, your supply chain platform probably includes planning software — focused on things like demand, inventory or replenishment — and execution software — focused on transportation, logistics or warehousing — to create a more efficient supply chain. Now imagine you are a grocery manager running the store.
Blue Yonder’s composable, microservices architecture allows customers to augment the right capabilities at the right time. Review the report to learn about the latest market trends and why Blue Yonder was recognized as a Representative Vendor.
Now, it’s more about anticipation — aka predictively aligning inventory with accurate demand forecasts. Building Trust With Customers A successful transition to end-to-end retail involves phased roll-outs of microservices, such as inventory, commits, order services, and order fulfillment.
The Source embraced AI to refine inventory and order forecasting. The company reduced inventory investment by 19% in just two years. Its precise demand predictions improved inventory accuracy, delivery times and staff planning. The Source : This company is Canada’s largest tech retailer. The results?
Our Commerce microservices deliver responsive, integrated business planning and operations capabilities, inventory visibility, and orchestration powered by AI/ML insights and forecasting models. Accurate and visible inventories…can’t sell what you don’t have in-store or online. Blue Yonder “powers” retailers to grow and evolve.
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