The right price, delivered daily
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The right price, delivered daily
Fruit Logistica Berlin, 09.02.2017
Stefan Sandulescu, Blue Yonder GmbH
FRESH: more than just a trend!
Across all retail formats (discount; supermarket; hypermarket; internet etc.)
365 days, worldwide
High share of assortment, strong contributor to financials
Challenging end-to-end process
How can Pricing help?
Takeaway from retail manager survey
? 90%
Why?
26% 28%
*
The frequency and speed at which grocery retailers make decisions is not matching the speed of customer expectations
B E S T C U S T O M E R E X P E R I E N C E
FreshnessQ
ualit
y
Pric
ing
Assortment Pr
od
uct
av
aila
bili
ty
have issues with meeting customer requirements
of directors feel there are too many decisions to make
of directors believe decisions aren’t being made fast enough in the supply chain
* International survey of retail decision makers from 2016; n=750; Geographies: UK, F, D, US.
What do grocery managers believe will help them make fast decisions?
* International survey of retail decision makers from 2016; n=750. Geographies: UK, F, D, US.
*
R E T A I L D I R E C T O R S
B E L I E V E
48%too many manual decisions slow down decision-making
30%gut feeling in decision-making process is slowing them down
42%lack of innovation and tech nology is slowing decision-making
Automation
Data analysis
Decision support systems
Technology innovation
70%
68%
67%
70%
*
Factors driving demand, besides price
Print / online promotions
Stock availability
Markdown promotions
Competitor price
$
Location based parameters
Public holidays
Day within month and week
23
Weather forecast
Brand based information
i
Competitive articles
Seasonality
Customer demand
Product groups
• Decisions, not insights
• Prices that support merchandising strategy and corporate financials
• Base Pricing and Markdown optimization
• Prices at the right time, on scale (100% of assortment)
• Integrated Pricing and Replenishment view
Create value with…
3-5%Higher revenues and profits, with Blue Yonder Base Price Optimization
* Measured with A/B-Tests: other (positive) external effects are excluded. European grocery retailer.
*
9
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