Blue Ridge observed five common difficulties in inventory replenishment and demand forecasting that can diminish company profits, bloat inventory, and reduce customer service levels.
Atlanta, GA (PRWEB) April 09, 2013
Leading SaaS demand forecasting, inventory replenishment and analytics provider Blue Ridge announced today the company has launched a blog series on the most prevalent pitfalls they have observed in supply chain planning. Blue Ridge executives will reveal their guide to addressing these challenges and maximizing profits in the supply chain.
Blue Ridge observed five common difficulties in inventory replenishment and demand forecasting that can diminish company profits, bloat inventory, and reduce customer service levels. The blog series will explain how these challenges affect hardgoods industries, food industries, and retail operations in different ways, and each post will offer a solution to ensure organizations are capitalizing on profit opportunities in the supply chain. The first post, which addresses long and erratic lead times for hardgoods industries, has recently been published on the Blue Ridge blog.
The decision to launch the series was largely influenced by insights gathered from the company’s newest analytics dashboard. The Inventory Income Statement dashboard in the Blue Ridge Analytics application combines the most financially relevant inventory analytics data in one, easy-to-view dashboard. “We’ve educated purchasing departments and supply chain management teams about using an investment driven approach for years,” stated Dan Craddock, President of Blue Ridge. He went on to say, “We now have an easy way to show the exact impact of purchasing decisions on an organization’s bottom line and how to improve profits quickly with more strategic inventory replenishment.”
Blue Ridge management hopes to prompt leadership in all industries to consider strategic replenishment as a profit-generating competitive edge. “It seems unlikely that demand planning and inventory replenishment teams would drive significant increases in cash flow and bottom-line improvement,” noted Greg White, CEO at Blue Ridge. White continued, “However, over the years we’ve seen the right mix of technology, talent, and process produce major financial improvements.”
About Blue Ridge
Blue Ridge leads the way in enterprise-class Software-as-a-Service supply chain solutions. Blue Ridge solutions and services turn inventory investments into cash flow and revenue generation opportunities. The company’s robust cloud-based solutions deliver a tightly-integrated, yet flexible architecture for demand analytics, forecasting, planning, replenishment, SKU rationalization and other demand-driven optimization solutions to provide a sound foundation on which companies can solidify and enhance their supply chain initiatives. To find out why global supply chain leaders such as CVS, Home Hardware, Burris Logistics, CRP Industries, Europris, K. Ekrheim, Martin Brothers and Procurator trust Blue Ridge’s unmatched solutions and expertise as their inventory alignment partner, visit http://www.blueridgeinventory.com.