Blue Ridge, the leading platform blending supply chain planning and pricing solutions created for resiliency, was recently profiled in Manufacturing Tomorrow magazine. Cliff Isaacson, Executive Vice President, Product Strategy of Blue Ridge examined the critical importance of cloud-native supply chain solutions for wholesale distributors, specialty retailers, and discrete manufacturers. Read the full article here.
According to Isaacson, refining pricing strategies is imperative to achieving financial goals. Every CFO, purchasing manager and data scientist has a seminal mission: continuously improve profits and revenues. The best-of-breed systems identify lower-risk profit opportunities and pricing gaps to continually improve financial results. Running “what-if” simulations, reviewing daily recommendations, refining prices and locking in the best strategies to operationalize are never-ending and ongoing. Accuracy improves over time, as the science learns from price changes and sales impacts, to steadily improve price recommendations, married with forecasting data.
“Purpose-built for discrete manufacturers, retailers and distributors, a robust workflow permits leading organizations to upload data, run price optimization processes, simulate pricing strategy for current/future price lists, review recommendations, and drill into details to lock in results year after year,” noted 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.
Manufacturing Tomorrow is an online trade magazine featuring products, companies, news, articles and events for the advanced manufacturing, factory automation and 3D printing industries.
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