Blue Yonder's Allocation & Replenishment solution is designed to help retailers meet customer preferences and projected demand by creating precise distribution plans and managing inventory effectively. This ensures that the right products and sizes are available at each location, preventing costly out-of-stocks and overstocks.
Key Features and Functionality:
- Automated Inventory Planning: Utilizes intelligent algorithms to generate inventory plans based on sales history, on-hand inventory, safety stock requirements, and customer orders.
- Automated Lifecycle Management: Manages item lifecycles from new product introductions to end-of-life, optimizing allocations and reducing markdowns.
- Consolidated Inventory View: Provides interactive workbenches that offer a unified view of on-hand, deployed, and projected inventory, aiding faster and more informed decision-making.
- Flexible Allocation: Generates distribution plans that ensure the right products and sizes are available at each location to meet customer preferences and projected demand.
- Vendor Managed Replenishment: Integrates data from vendor availability, warehouse capacity, and labor resources to optimize restocking processes.
Primary Value and User Benefits:
By implementing Blue Yonder's Allocation & Replenishment solution, retailers can achieve a perfect inventory balance, ensuring that customer demand is met without the risks of overstocking or stockouts. The system's intelligent analysis and forecasting capabilities lead to faster inventory turns, simplifying the management of item lifecycles, especially for seasonal and promotional products. This results in profitable operations by boosting warehouse efficiency and allowing quick reactions to changes, leading to efficient planning, a responsive replenishment cycle, flexible allocations, and optimized inventory return on investment.