Blue Ridge, the leading platform blending supply chain planning and pricing solutions for resiliency, was recently featured in AutomationMedia magazine. Mike Mills, Director, Business Consulting at Blue Ridge, discussed an automation trend, pairing supply chain planning with pricing optimization in AutomationMedia magazine. Read Mills’ article here.
Mills noted, “Driving this trend is the fact that companies need earlier insights into new market opportunities, including what items consumers want, on what channel, how much they should stock, and how much they will pay for these products.”
According to Mills, wholesalers’ lack of automation keeps their company goals out of reach. Specifically, a lack of automation means poor management of slow-moving products and seasonal items. Those metrics are secondary to the automation value proposition of improving forecast accuracy.
Companies need to evaluate current technology and measurement tools to discover where to improve and invest. When it comes to inventory, nearly half of all companies are able to offer different service levels based on the importance of items or clients. Others use tools that evaluate plans based on demand changes and reconcile sales, purchases, and other financials with budgets. Sadly, more than a quarter of companies fail to use any of these tools.
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About Blue Ridge
Achieving a resilient supply chain sits at the intersection of demand, price and inventory – where a company’s customers, suppliers and their operations meet. Blue Ridge blends the disciplines of supply chain demand planning and pricing together under a fully configurable cloud-based platform. Highly digital operations in today’s dynamic market generate a need for game-changing, decision-driving data metrics. No longer can “gut-instinct” guesses survive.
The Blue Ridge planning and pricing platform gives business leaders app simplicity that uniquely integrates data science-rich inventory forecasting capabilities with price optimization insights. From modeling, right-sizing inventory and transparency, Blue Ridge bases success off increases in customer profitability and service levels. Through automation, expert consulting, analytics and synchronization, Blue Ridge offers an easy ramp-up and continuous value to guarantee resiliency.
Blue Ridge empowers Wholesale Distributors, Specialty Retailers and Discrete Manufacturers with the capability to adapt to market, product and competitive challenges by efficiently and effectively managing an ever-volatile supply chain.
Company Name: Blue Ridge Solutions, Inc.
Contact Person: Ed Rusch, Chief Marketing Officer
Email: Send Email
Phone: (877) 547-0346
Address:280 Interstate North Circle, Suite 610
Country: United States