Blue Ridge, the leading platform blending supply chain planning and pricing solutions for resiliency, was profiled in Manufacturing Outlook, Cliff Isaacson, Executive Vice President, Product Strategy at Blue Ridge recently discussed why cloud-native supply chain solutions for wholesale distributors, specialty retailers and discrete manufacturers are critical. The article can be read here.
According to Isaacson, distributors, in particular, have a unique challenge in that manual or “cost-plus” approaches to pricing lack the flexibility required to compete and are disconnected from customer willingness-to-pay. New pricing optimization platforms leverage advanced science to quickly identify opportunities and simulate pricing strategies for peak margin, profits, revenues and sales.
“Only with the machine learning algorithms are distributors, manufacturers and retailers able to simulate different pricing strategies and changes prior to implementation. Whether market fluctuation, customer willingness or geographic pricing tolerance, these science-driven results are dynamic by setting multiple price points, including wholesale, retail, volume and customer segment prices. Other factors in price-setting may be influenced by the need to maintain supplier requirements, product, location and channel relationships,” shared Isaacson.
Price optimization configured to unique environments creates immediate value. When price optimization is integrated with supply chain planning (best-of-breed forecasting and replenishment solutions), discrete manufacturers, distributors, and retailers can reduce inventory 10-20% with increased service levels and achieve an immediate profit uplift, typically in less than 90 days.
Jacket Media is the parent company of Manufacturing Outlook e-zine. The publication highlights current manufacturing trends.
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’s cloud-native planning and pricing platform gives Wholesale Distributors, Specialty Retailers and Discrete Manufacturers app simplicity that uniquely integrates data science-rich inventory forecasting capabilities with price optimization insights. From modeling, right-sizing inventory and seamless collaboration, Blue Ridge bases success off increases in customer profitability and service levels.
Request a demo at https://blueridgeglobal.com/request-demo/.
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