Grocery Retail, Connected
Strategies for an efficient, responsive, sustainable grocery retail chain
In the face of increasing market volatility, a resilient, risk-aware and responsive supply chain is more important than ever. Grocery retailers need to be agile and data-driven. Blue Yonder offers grocery retailers proven solutions with real-time visibility, Artificial Intelligence (AI) and Machine Learning (ML) baked in. We enable grocery organizations to improve operations and meet growing customer needs with solutions providing accurate forecasting, store replenishment, price optimization, category management, workforce management and warehouse management. Blue Yonder is committed to helping customers get through this crisis—and come out stronger on the other side.
End to End Solutions
Profitability depends on efficient sourcing, pricing, storing, allocating and staffing across the business end-to-end.
Our customers are already using AI and ML technology to reduce out of stocks by 80%, decrease write-offs by 10% and increase gross margins by 9%. When these technologies come together in an integrated and automated supply chain platform, they enable the following key benefits for grocery retailers:
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Synchronized
forecasting, warehouse management, inventory replenishment, and transportation execution to reduce costs and increase efficiency -
Real-time
visibility throughout the supply chain, driven by machine learning algorithms -
AI-driven
assortment planning, replenishment and pricing solutions that reduce cost, increase profitability, reduce waste and improve workforce engagement and collaboration
Resources
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Guide
Grocery Retail, Connected.
This guide shares learnings from our supply chain experts around the world, many of whom are leveraging digital technologies to respond more effectively to the current disruptions. As you work through this unusual situation, leverage these eight strategies to create a more efficient, responsive and sustainable grocery supply chain.
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White Paper
“Farm to Fork” is implies visibility and control over various food products from the time they are produced until they arrive on consumers’ plates. But is this really possible with today’s processes and technology? Learn how fresh food companies are achieving the required level of visibility and control through supply chain technology.
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White Paper
Retail stores are essential to everyday life and are critical community support centers during times of crisis. With the complexity and speed of today’s marketplace, only a digital retail operations platform can enable retailers to serve this vital function efficiently in good times and bad. Read this white paper to learn how to take your operations digital.
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Video
Blue Yonder delivers AI and machine learning to the world of grocery retailers to help solve the complex problems they face in fresh assortments. Learn how Blue Yonder capabilities and solutions eliminate the manual, time-consuming efforts and deliver accurate results that reduce waste, drive efficiencies, and boost profits.
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Video
How did one of America’s largest food and drug retailers keep life’s essentials on the shelves during a global pandemic while undergoing a digital supply chain transformation? Learn how Albertsons is leveraging AI and machine learning for supply chain improvements that enhance customer experience and improve operational efficiency.
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Press Release
Sainsbury’s choses Blue Yonder for its leading machine learning (ML) capabilities and SaaS-based solutions that uniquely power an end-to-end supply chain experience. Learn more about why this leading retail selected Blue Yonder's supply chain platform as the foundation of its supply chain transformation.
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Smart Forecasting & Replenishment
A unique way to better predict customer demand through a modern, responsive and synchronized supply chain.
To respond to continually changing consumer behavior and demands, Grocery retailers need to be agile and responsive. In these unpredictable times, this requires new approaches. Retailers can no longer be hindered by time-consuming manual processes or a lack of visibility which often results in lost sales, excess inventory, and unnecessary waste. Blue Yonder’s artificial intelligence (AI) and machine learning (ML) forecasting and replenishment technologies enable Grocery retailers to make smarter business decisions through accurate demand forecasting and intelligent replenishment.
Blue Yonder delivers measurable benefits:
- Increased sales
- 30% improved forecast accuracy
- 1-3% revenue growth
- Reduced cost and waste
- By reducing waste and unnecessary inventory 95% forecast accuracy level
- Reduced inventory
- 2–3 days per store
- 2% pick accuracy improvement
- 4% improved inventory
- 80% out of stock reduction
- Improved allocation accuracy
- 20% allocation accuracy improvement with micro-level precision forecasting
- Improved availability
- Up to 30% shelf-gap reduction
- 10× product availability
- Faster decisions
- 13,000,000 every day
- Fully automated self-adjusting forecasts utilizing 200+ influencing factors
- Streamlined processes
- 50× fewer manual interventions
- Proven, scalable AI
- 99% automated
- 430,000,000 calculations daily
Resources
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Guide
Intelligent Forecasting & Replenishment from Source to Shelf
Discover how AI and ML are changing how grocers make informed decisions about pricing, replenishment, and assortment, enabling them to increase profits, reducing costs such as wastage and distribution charges, improve collaboration and enhance visibility among interconnected supply chain functions.
Download Guide -
Infographic
Smart Strategies for Intelligent Forecasting & Replenishment
Smart replenishment allows retailers to gain visibility, identify opportunities and risks and take the optimal decision, offering rich insights into the many varied, interrelated factors that drive consumer demand. By understanding the inter-relationships between the drivers, these technologies can help ensure that you meet your companies and your customers’ needs.
View Infographic - Read White Paper
- Read Case Study
- Read Solution Sheet
- Read Solution Sheet
Resources
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Guide
Intelligent Forecasting & Replenishment from Source to Shelf
Discover how AI and ML are changing how grocers make informed decisions about pricing, replenishment, and assortment, enabling them to increase profits, reducing costs such as wastage and distribution charges, improve collaboration and enhance visibility among interconnected supply chain functions.
Download Guide -
Infographic
Smart Strategies for Intelligent Forecasting & Replenishment
Smart replenishment allows retailers to gain visibility, identify opportunities and risks and take the optimal decision, offering rich insights into the many varied, interrelated factors that drive consumer demand. By understanding the inter-relationships between the drivers, these technologies can help ensure that you meet your companies and your customers’ needs.
View Infographic - Read White Paper
- Read Case Study
- Read Solution Sheet
- Read Solution Sheet
AI-Enabled Markdown Pricing
Drive better financial performance and reduce return rates with real-time pricing optimization across all channels.
As consumers face tough economic times and grocery retailers experience intensifying competition, grocers need to effectively manage pricing and markdown processes for expiring products to maximize margins and improve customer satisfaction. Markdown pricing directly contributes to sustainability goals in helping to minimize and control waste. Deploying AI to make smarter decisions means grocery retailers are empowered to be agile when reacting to market disruptions while maintaining a steady line in the omnichannel customer experience. With Blue Yonder's Luminate Pricing Real Time solution, markdown prices are automated based on your desired business strategy to maximize sales and profits, reduce waste and clear inventory.
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Increase in automation -
Increase in markdown revenue -
Reduction in waste
Resources
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Guide
AI-Enabled Real Time Pricing Markdowns for Grocery Retail
Blue Yonder's Luminate Pricing Real Time solution enables KPI based markdown optimization balancing revenue, profit, operational costs and waste reduction goals. Grocers can improve alignment between inventory and their pricing strategies so they can sell everything at the right moment in time before expiration, leading to a more profitable and sustainable operation overall.
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Video
How Morrisons Uses Artificial Intelligence for Grocery Markdowns
Rob Jenkins, Head of Supply Chain Development at Morrisons UK discusses how Morrisons use Blue Yonders’ artificial intelligence to increase sales, reduce waste and improve the allocation of staff resources.
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Webinar
A Practical Use Case to Optimize Pricing with Machine Learning
Understanding true price elasticity is key to providing the right pricing to optimize profits and satisfy your customers. Watch this webinar to learn how retailers are using machine learning to see profit increases of over 5% by ensuring the right price at the right time.
View Webinar - Brochure
Price is a key factor that customers weigh as they make buying decisions. As different sales channels become part of a seamless shopping experience, customers expect to get the best possible value for the money. Learn how you can make the best pricing decisions with AI-driven, SaaS-based price execution.
Read Brochure - Blog
Pricing is one of the most influential factors impacting demand. The right pricing strategies driven by AI and ML will also minimize food waste by driving higher demand before reaching expiration dates. Learn more about how technology takes the guesswork out of pricing.
Read Blog - Video
How much are consumers really willing to pay and which products can capitalize on flexible pricing to stimulate demand? New capabilities from Blue Yonder leverage artificial intelligence (AI) to support fact-based decisions about price elasticity, helping you transform agile pricing into a competitive weapon. Watch this video to learn how you can win the retail pricing war.
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Powering the World's Most Powerful Companies
Grocery Use Cases
Store ForecastingOptimize costs and service levels in your store operations, creating a significant boost in profitability
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Replenishment PlanningBring the right amount of merchandise to the consumer at the right point in time, while eliminating waste and reducing stock-outs
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Space PlanningOptimize store space, inventory, and on-shelf availability to increase profitability and customer satisfaction
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