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Addressing the need for optimized inventory management
Calgary Co-op’s legacy systems lacked the intelligence required to combat rising shrinkage levels and inefficiencies in their inventory management. This included overstocking store products and untracked discounts, leading to eroded profit margins and impacting staff visibility. Recognizing the need for real-time insights and robust optimization tools, the cooperative partnered with Blue Yonder to modernize its operations.
Leveraging AI for smarter markdown processes
Using Blue Yonder Fresh Markdown Optimization, Calgary Co-op has gained precise control over its markdown strategies. With Blue Yonder Pricing RealTime, AI predictions are made based on product sales history, inventory levels and upcoming expiration dates, allowing the cooperative to determine optimal discount levels — and make timely adjustments to pricing as products near expiration. This helps the retailer capture more significant profit margins on their fresh products such as bakery confections and meats. Within a year of implementation, the organization realized a 2% return on investment, with even greater savings expected by the end of the year.
Enabling improved in-store capabilities
With Blue Yonder SoftGrocer, Calgary Co-op has seen further enhancements to its in-store operations. The solution uses centrally controlled store data to manage all the cooperative’s products entering and leaving their locations to manage inventory valuation, shrink reduction analysis and item data modifications. Real-time point-of-sale tracking enables dynamic pricing adjustments up to seven days before product expiration, significantly improving margins, reducing waste and boosting product stock data accuracy. These capabilities provide visibility to staff and empower them to take control of their inventory.
