Blue Ridge, a leader in supply chain planning and pricing solutions, today announced advanced demand planning results from three customers that opened up millions in available cash by reducing inventory more than 20 percent for each Blue Ridge customer.
Results were revealed in the webinar: “War Stories in Inventory Planning: 3 Distributors’ Journeys to Better Service Levels with Less Inventory,” now available on demand here.
The three customers — all HVAC/Hardgoods distributors — all transitioned from inaccurate forecasts through manual processes to leveraging a combination of Blue Ridge Advanced Demand Planning and Multi-Echelon Inventory Optimization (MEIO) applications.
Blue Ridge’s Supply Chain Planning (SCP) enabled the three distributors to understand and adapt quickly to their customers’ buying patterns, to accurately predict when, where and how much they’ll purchase, and plan inventory levels accordingly. Blue Ridge MEIO empowered the distributors to mitigate risk from seasonal buying patterns, precisely calculating the daily need for inventory based on both customer demand and the unique configurations of each company’s supply chain network, as well as mitigate inefficiencies in allocating goods between locations and channels.
Highlights for each of the three customers include:
- Over the last 12 months, held a 97-percent service level, a 48-percent reduction in lost sales, and a 47-percent overstock reduction, providing more than $5M in cash available from reduced inventory.
- Realized a 27-percent reduction in overstocks, a 10-percent increase in service level, and a 10-percent reduction in inventory overall, resulting in more than $8M in cash available.
- Reported a 27-percent inventory reduction, a 47-percent overstock reduction, and a 64 percent reduction in person-hours, providing more than $12M in cash available from reduced inventory.
About Blue Ridge
Blue Ridge Demand Planning and Pricing Optimization solutions empower distributors and retailers to tap into undiscovered margin through enterprise-wide inventory intelligence, automation and synchronization. Blue Ridge uniquely combines demand forecasting with pricing strategy, so that businesses can proactively understand the unpredictable and allocate the right inventory, right-priced across the entire mix, to accelerate top- and bottom-line results. In a world where the only constant is change, Blue Ridge provides more certainty, more speed and more assurance, so companies can see the why behind the buy and respond faster to the unexpected.
Company Name: Blue Ridge Solutions, Inc.
Contact Person: Andrea Keeble
Email: Send Email
Phone: (877) 547-0346
Address:280 Interstate North Circle, Suite 610
Country: United States