Forecasting Few Is Different, Part 1
When dealing with sales forecasts that concern fast-moving as well as slow-moving items, we must account for the non-proportional scaling of relative forecast uncertainty with selling rates, which largely determines the achievable level of precision. Executive summary For the same forecast quality, predictions for slow-moving…
Blue Yonder Named a Leader in WFM Technology
Workforce remains top of mind for business leaders because it’s become clear that there’s no end in sight for today’s labor challenges. There are more than 11 million job openings in the United States, and 35% of businesses are experiencing unsustainable turnover rates between 11%…
Three Keys for 4PL Success
This is part 2 of 3 article on the topic of “How 4PL Services Can Help Up the Game in the Omni-Channel World.” As I discussed in my last blog post, the pandemic has driven dramatic growth for fourth-party logistics (4PL) providers. As the world’s…
Managing the Supply Chain in Times of Crisis
As we watch Russia’s invasion of Ukraine unfold, the real cost of this war is plain: lost lives, families that are forever altered, and destroyed communities. In her recent blog post, Anusha Shankar discussed this tragedy, as well as the need to help Blue Yonder…
Four Ways for Driving Agility with Integrated Demand & Supply Planning
Already in crisis, the world’s supply chains are facing additional obstacles in the wake of Russia’s invasion of Ukraine. Just as port congestion was beginning to clear, companies find themselves facing a new set of challenges, including product and materials shortages, blocked transportation lanes and…
Blue Yonder Can Deliver a 394% Return on Investment — Even in Challenging Times
Faced with port closures, supply roadblocks, labor shortages and shifting consumer behaviors, many companies have had to drastically change how they manage their supply chains and serve customers in the past two years. More organizations are discovering the power of advanced technologies, powered by artificial…
You Should Not Always Have Known Better: Understand and Avoid the Hindsight Selection Bias in Probabilistic Forecast Evaluation
This blog post on forecast evaluation discusses common pitfalls and challenges that arise when evaluating probabilistic forecasts. Our aim is to equip Blue Yonder’s customers and anyone else interested with the knowledge required to setup and interpret evaluation metrics for reliably judging forecast quality. The…
How Santa Is Creating the Most Elf-ficient Supply Chain in the World
It’s that time of year again — Santa Claus and his team of magic elves are getting ready for their Christmas Eve flight to deliver toys to children around the world. But have you ever wondered how they get it all done? All we really…
Visibility: The Foundation of Today’s Resilient Supply Chain
With a 412% year-over-year increase in the mentions of “supply chain issues” by chief executives during the latest company earnings season, it likely comes as no surprise that the COVID-19 pandemic has brought a painful realization that today’s global supply chains are constantly exposed to a range of…
Three Ways to Increase Demand Forecast Accuracy in a Volatile World
Has there ever been a more volatile global supply chain environment? As new headlines constantly remind us, the world’s supply chains are operating in an increasingly precarious business landscape. The high costs and uncertainty of raw materials, components, labor and transportation have led to some…