Blue Yonder, the world leader in digital supply chain transformation, has officially announced an updated version of its artificial intelligence (AI)-powered platform, alongside several cognitive planning and execution solutions that make it possible for organizations to be more agile, accelerate their global expansion, and meet business goals.
According to certain reports, the update bring an integrated demand and supply planning facility, which is enhanced through AI and ML. This facility simultaneously analyzes changing demand patterns and supply availability to balance all aspects of planning for maximum efficiency, resiliency, and service level attainment. Markedly enough, Blue Yonder’s approach to concurrent planning is meticulously designed to harmonize necessary supply factors, enhance capital resource availability, reduce costs, optimize capital allocation efficiency, and cut inventory waste.
“This is more than a product update; this release represents the culmination of two years of effort and the integration of 8,000 workstreams spanning supply, demand and business planning, synchronized execution, and AI-centric data modeling,” said Duncan Angove, CEO, Blue Yonder. “This release enables customers to build out and support new market opportunities or adjust their entire supply chain model as priorities shift, in a fraction of the time while maximizing profits. It also allows our customers to grow their business while navigating geopolitical tensions, disruptions, economic and shifts.”
Furthermore, thanks to the presence of technologies like AI and ML, the solution can now provide recommendations on leveraging available inventory to serve specific customer segments, and therefore, achieve cost efficiency and on-time, in-full delivery.
Next up, we must get into the prospect of enhanced integrated business planning. Here, the wider solution will leverage AI and machine learning (ML) updates to accelerate planning across supply chain and financial operations, as well as increase support for custom risk and opportunity scenarios, From an actionable standpoint, this it will do by providing near real-time recommendations that drive alignment across supply chain and financial goals.
Then, there is available a comprehensive brand of support for vertically integrated retailers. You see, with retail, manufacturing and supply planning all connected and available on the Blue Yonder Platform, the update in question allows every aspect of the planning cycle to be handled in a single location for superior inventory and capital asset utilization, all while minimizing waste.
Having referred to one single point of action, Blue Yonder’s customers can also come expecting a single view of online and in-store inventory. As customer demand for in-store and online shopping continues to evolve, planners across the board can now update assortment and strategic space to effectively bridge the gap between online and offline worlds. Such a mechanism, like you can guess, should help them better meet demand, and at the same time, reduce inventory burden.
Joining that would be the potential for enhanced returns orchestration to reduce costs and inventory waste. Here, new integrations between warehouse management, commerce, and returns management solutions seamlessly combine order data with details on returning stock to improve inventory control.
Blue Yonder’s update also delivers at your disposal an integrated pre-season planning and in-season planning facility, which includes improvements for allocation & replenishment. These improvements, on their part, will let teams quickly calculate and adjust order quantities by taking into account upstream and downstream constraints, thus helping companies pivot based on how digital trends influence demand.
Hold on, we still have a few bits left to unpack, considering we still haven’t touched on the presence of an AI-tuned data model for ongoing intelligence. This model allows for enriching and utilization of data to reach upon more explainable insights and generate faster recommendations and conduct root cause analysis. The stated intelligence is predicted to be critical for linking to external, generative AI agents that can engage with Blue Yonder and third-party data.
We also haven’t touched on the now optimized freight billing payment operation. In essence, updates across transportation management solutions and fleet dispatcher will go a long distance to let companies analyze and reconcile multiple customers at once, including identifying billing issues from late shipments and damaged goods,
Among other things, there is upgrade introduced around notifications to let users rapidly response to any disruptions.
