This contributed story by Dr. Michael Feindt, strategic advisor with Blue Yonder, originally appeared in Forbes on May 20, 2020. Excerpts from the story below. To see the full story Forbes.com.
For artificial intelligence to truly impact retail, companies need to stop perceiving themselves as individual siloes in their supply chains. For true efficiency and long-term sustainability, it’s time to come together and strive for end-to-end optimization.
As retailers begin to adopt AI and machine learning, they’re realizing they can turn suboptimal guesswork into informed, data-driven decision-making off the back of their bespoke data.
However, there’s an addendum to this proposition. If a store is to make optimum decisions regarding stock levels and subsequent ordering trends, then those decisions must be deliverable. In order for them to be not just deliverable but efficient, that retailer’s supply chain must also be making those same data-driven, optimal decisions.
In The News
- Forbes: GXO Direct To Rely On Machine Learning To Drive Labor Efficiencies
- Journal of Supply Chain Management, Logistics and Procurement: How Bayer Crop Science Grows Logistics Excellence Via Digitalisation
- Forbes: Micron Is an Exemplar of What a Supply Chain Transformation Should Look Like
- Diageo: Supporting Supply Chain Visibility in Volatile Times
- Diginomica: CEO Duncan Angove on Making Blue Yonder the ‘Category Killer’ for Supply Chain
Analyst Reports
- Gartner® Critical Capabilities Warehouse Management Systems
- Gartner® Critical Capabilities for Transportation Management Systems
- Gartner®: How to Digitize and Optimize Transportation Procurement Using Technology
- Gartner: Market Guide for Retail Assortment Management Applications Short Life Cycle Products, 2022
- Gartner®: Market Guide for Retail Distributed Order Management Systems, 2022
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