CARGOCONNECT JULY2024 - Flipbook - Page 53
evolving customer preferences.
To optimise warehouse and distribution efficiency, we’ve
implemented WMSs in strategic locations. Collaborative distribution
strategies prioritise quick order ful昀椀lment, reduce lead times, and
cut costs associated with inventory handling. Shared goals and
incentives foster seamless cooperation with channel partners.
Key metrics like order and inventory accuracy, productivity
per man-hour, space utilisation, and order ful昀椀lment time gauge
warehousing e昀昀ectiveness. With transport partners,
metrics such as on-time delivery and pick up, dock
appointment adherence, cost per km, and truck
In planning and logistics,
utilisation track performance and ensure e昀케cient
we utilise the Blue Yonder operations.
building an anti-fragile supply chain. Leveraging
Point of Sales (POS) data and AI/ML forecasting
models enhances forecast accuracy, particularly for
high-priority SKUs (A/B Class). This approach integrates real-time signals into forecasting discussions,
platform for supply chain
improving sales performance and overall revenue.
Smart Solutions across the Value Chain
planning, renowned for
Revenue management strategies, driven by
We’ve stayed ahead by adopting digital solutions
its robust capabilities in
POS data, enable granular pricing policies down
across our entire value chain. Our procurement is
to the distributor level. This approach boosts sales
powered by a SAP ERP-based platform, managing
demand forecasting and
productivity, increases market share, and facilitates
all RFX and reverse bidding with enterprise-wide
inventory optimisation
e昀케cient supply planning, thereby optimising capital
visibility on metrics and costs.
using advanced algorithms
employed in inventory.
IoT-connected cold storages monitor perishable
and machine learning. Blue ingredients like Potato and Corn, measuring metrics
Supply chain digitisation plays a pivotal role in
creating an agile and responsive supply chain. By
like speci昀椀c gravity and water content to minimise
Yonder's Transportation
digitising procurement, planning, transportation,
during shipping.
Manager optimises carrier shrinkage
and warehousing, companies can swiftly adapt to
Digital twins in our manufacturing plants optimise
selection and truck routing, preventive maintenance schedules and troubleshoot
market changes and customer demands through
rapid prototyping and iterative improvements.
issues. IoT sensors predict wear and tear, guide
improving cost metrics
To mitigate risks in procurement, robust stratemaintenance planning, and inform production
and ensuring on-time
gies include building strong supplier relationships
schedules, enhancing productivity and product quality.
deliveries.
and implementing risk management protocols.
In planning and logistics, we utilise the Blue
Measures such as dual sourcing, inventory bu昀昀ering,
Yonder platform for supply chain planning, renowned
and exploring alternative sourcing options help
for its robust capabilities in demand forecasting and
mitigate disruptions. Strategic use of futures contracts for key
inventory optimisation using advanced algorithms and ML. Blue
raw materials like oils directly impacts the bottom line, ensuring
Yonder’s Transportation Manager optimises carrier selection and
stability amid uncertainties.
truck routing, improving cost metrics and ensuring on-time deliveries.
Our warehousing operations are streamlined with state-ofEnhancing Demand Planning Precision
the-art WMS, reducing costs and improving efficiency in core
Consumer expectations have surged post-COVID, fueled by the rise
strategic warehouses.
of e-commerce and quick commerce. Today’s consumers demand
fresher, high-quality products delivered in less than a day. We’ve
Control Tower Approach
enhanced our demand planning strategy on two fronts: improving
A supply chain control tower, encompassing all functions from
data granularity and increasing data refresh frequency. Forecasting
procurement to sales, is crucial for seamless coordination across
algorithms now operate at a granular level, from Distributor-Parent
stakeholders. Built on digital stacks for each function, it consolidates
SKU for Traditional Trade to PIN Code-Parent SKU for e-commerce,
inputs into actionable insights. The control tower analyses causal
allowing tailored treatment across trade channels. This precision,
events, devises mitigation plans, and conducts scenario analyses
coupled with optimised inventory management, enables faster
to support decision-making. By integrating data from multiple
product delivery.
sources, performing prescriptive and descriptive analytics, it serves
We’ve moved beyond monthly forecasts to weekly updates,
as a collaborative tool to enhance visibility, optimise operations,
integrating AI/ML-based demand sensing models for real-time
mitigate risks, and drive continuous improvement throughout the
adjustments. These tactics align replenishment strategies with
supply chain network.
CARGOCONNECT JULY 2024 | 53
