Dec 13, 2022|
JD.com Enters the 2023 Finalist of Gartner Power of the Profession Supply Chain Awards
by Yuchuan Wang
JD.com was selected as a finalist for Process or Technology Innovation of the Year by Gartner Power of the Profession™ Supply Chain Awards 2023, for its explainable and intelligent forecasting technology. Among the other finalists are AB InBev, Microsoft Corporation, MTN Group and Schneider Electric.
Forecasting is essential to supply chain planning for any sales team, which helps solve problems including inventory backlog, backorders and more. As a retailer with over 580 million active customers, JD.com’s smart supply chain manages over ten million SKUs a day across China nationwide, and is influenced by multiple factors such as promotions, marketing campaigns, holidays, weather, seasons and more. Under these circumstances, sales people should fully understand the forecasting results and the impact of each factor to make better supply chain decisions.
JD’s forecasting technology combines explainable AI technology with forecasting algorithms that provide visibility of forecasting components and drivers. With the new technology, the forecasting result is no longer just a number, now comprising considerable information about the factors driving the result. For example, during a big promotion, the forecasting system can clearly show the sales breakdown driven by the promotion, so that business teams can better understand the forecasting logic for better inventory preparation.
“In this way, the forecasting system becomes a white box, and is no longer a ‘stranger’ to business teams, but a trusted ‘assistant’ that helps them provide accurate insights for future planning and improve their working efficiency,” said Curtis Liu, vice president of JD.com and head of JD-Y.
So far, the technology has been applied to millions of SKUs on JD.com, and is available for best-selling, long-tail, seasonal and a lot more supplying scenarios. As of September 30, 2022, JD.com’s turnover days were only 31.7, a leading performance compared with peers at its same scale.
Apr 18, 2024|
JD.com Awarded 2024 INFORMS Prize for Excellence in Operations Research and Analytics
JD.com is honored to announce that it has been awarded the 2024 INFORMS Prize. This recognition makes JD.com the first Asia-based enterprise to receive the award, highlighting its pioneering use of advanced analytics and operations research/management sciences (OR/MS) within its business operations.
The INFORMS Prize is awarded an organization that has repeatedly applied the principles of advanced analytics and OR/MS in pioneering, varied, novel, and lasting ways. Previous recipients include Walmart, Wayfair, Amazon, UPS, Booz Allen Hamilton, BNSF Railway, Walt Disney Company, U.S. Air Force, General Motors, Intel, HP, IBM, Ford, Procter & Gamble and GE Research.
Speaking on behalf of the selection committee, Mehmet Gumus, 2024 INFORMS Prize committee chair, remarked: “JD.com is showcasing data science as a source of business success and a necessary element to achieve customer satisfaction with continuous and dedicated practice. JD.com is truly deserving of this prestigious prize, and the entire O.R. and analytics community joins INFORMS in thanking them for their priceless contributions to the field and the business world.”
JD.com’s commitment to enhancing operational efficiency and customer service through OR/MS has been integral to its success. The company has developed an independently managed intelligent supply chain system that utilizes cutting-edge operations research algorithms to optimize warehouse management and logistics operations. This includes the operation of hundreds of intelligent warehouses and dozens of “Asia No. 1” intelligent logistics parks.
“We are honored to accept the INFORMS Prize and will continue to be steadfast in our dedication to leveraging the transformative potential of operations research,” said Sandy Xu, CEO of JD.com. “Our company’s supply chain not only aims to lead the industry, but also enhance the efficiency and well-being of our entire ecosystem.”
By the end of the fourth quarter of 2023, JD’s supply chain infrastructure assets had grown to RMB 153.8 billion, an increase of 16% year-on-year. Managing over 10 million self-operated SKUs, JD has achieved a global leading average inventory turnover of 30.3 days. This operational prowess enables JD to fulfill 95% of retail orders within 24 hours, significantly enhancing customer satisfaction and setting new standards in the industry.
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JD Super’s Ninth Annual “Baby Party” Campaign: Supporting Families with Newborns
JD Super, JD.com’s omni-channel supermarket division, successfully concluded its ninth annual “Baby Party” campaign, which ran from April 1st to 14th. Collaborating with leading brands from home and abroad, the campaign introduced new products and services designed to improve the shopping experience and reduce expenses for families with newborns.
Pioneering services included the “Fresh Milk Powder Express,” guaranteeing delivery of farm-to-consumer baby formula within 28 days, and the “Free Diaper Offers for Newborns” initiative, set to distribute one million diaper packs annually. Moreover, the “Life’s First Bottle” project significantly reduces the costs of high-quality milk bottles by offering them exclusively online at a 50% discount.
JD Super’s specialized after-sales services extend to over 90% of the company’s self-operated products, offering services such as free returns or exchanges. Another highlight was the introduction of the Chun Rui milk formula, developed in partnership with Feihe, a leader in infant milk production. This collaboration ensures top-quality products at better value for families.
Additionally, JD Super launched an online portal dedicated to public welfare activities, which promotes cost-saving measures, shares knowledge on baby care, and supports charity initiatives.
As part of its commitment to philanthropy, JD Super donated essential baby supplies valued at over one million yuan to 1,000 families in the economically disadvantaged Liangshan Yi Autonomous Prefecture of Sichuan Province, supporting local parents in this region.
The 2024 Report on Cost of Childbearing and Childrearing in China shed light on the challenges faced by parents, including limited free time and growing anxiety over rising costs and product safety. JD Super aims to mitigate some of these concerns by providing support to families nationwide.
JD Health Opens 24/7 Online Anti-COVID Consultations as Virus Controls Loosen
