'Luminate' Pricing and Replenishments Tools Launched

In the US, supply chain solutions provider JDA Software has launched two tools, built on the artificial intelligence capabilities of recently acquired Blue Yonder, and focusing on replenishment and pricing strategy.

Predictive analytics company Blue Yonder, which JDA bought in the Summer, uses AI to help retailers automate decisions across the entire value chain and this forms the core of the new tools.

The first of them, JDA Luminate Replenishment, creates intra-day demand forecasts, enabling optimization of product availability while reducing unnecessary manual interventions. Blue Yonder's AI technology solves the challenges of fresh item and fast-moving goods replenishment using predictive analytics, while simultaneously reducing waste or inventory levels. The second tool, JDA Luminate Pricing, uses AI to learn the interactions between price and demand changes for each store. Customers can automatically set revenue- and profit-maximizing prices for different stages in a product's life cycle, including markdown sales. These new capabilities consider both the costs and impacts of every price change, with the ability to analyze consumer behavior alongside product master data, as well as external data feeds into the solution, such as weather data.

Desikan Madhavanur (pictured), JDA's Chief Development Officer, comments: 'This announcement marks the industry's first productized AI solutions for retail and supply chain at scale. The agility of Blue Yonder's Microsoft Azure-based applications enabled us to accelerate the successful launch of three new important solutions to market less than 45 days after closing the acquisition, a truly remarkable feat by our collective development teams'.

Web site: www.jda.com .

All articles 2006-23 written and edited by Mel Crowther and/or Nick Thomas, 2024- by Nick Thomas, unless otherwise stated.