His replenishment team reduced excess inventory and safety stock by 10 percent, while increasing service levels by 2.5 percent at the same time.
(PRWEB) September 18, 2013
In the recent article “Home Hardware Streamlines Buying Through Inventory Visibility”, Integrated Solutions for Retailers put the spotlight on one of Canada’s leading retailers for increasing visibility and inventory performance. The publication detailed Home Hardware’s journey, from implementing Blue Ridge demand forecasting & replenishment solution to even more profitable inventory replenishment.
Steve Allgeier, Inventory Control Manager at Home Hardware, and his replenishment team reduced excess inventory and safety stock by 10 percent, while increasing service levels by 2.5 percent at the same time.
Increased visibility and precision from the Blue Ridge, cloud-based solution played a large part in improving inventory performance. “The CLARITY solution is very focused on buying as late as possible to reduce inventory (just-in-time), while still maintaining service-level objectives,” stated Allgeier. “For each of the individual store owners, this means reduced inventory costs and maximum return on promotions, while maintaining adequate stock levels and minimal out-of-stocks.”
Home Hardware is Canada’s leading retailer of home improvement goods, construction materials, and furniture. In 2012, Deloitte named Home Hardware one of “Canada’s Best Managed Companies.”
The Blue Ridge team is impressed by the results that Home Hardware has achieved and expects the company to accelerate growth even further. “Steve’s team has evolved from chasing demand to demand-driven,” stated Greg White, CEO of Blue Ridge, “This assures that Home Hardware continues its leadership in product availability at their stores, driving even greater results for their owners.”
About Blue Ridge
Blue Ridge Cloud supply chain planning and analytics solutions provide next-level visibility and precision in demand forecasting, planning and replenishment to retailers, distributors, and manufacturers. By optimizing product availability, inventory, and logistics costs, these companies increase cash flow by 50% or more and improve sales by double-digits, while stabilizing or even reducing inventory up to 30%. Blue Ridge demand-driven solutions can be implemented in as little as 90 days and scaled to the most complex supply chains. For more information, visit http://www.blueridgeinventory.com.