Solution: The company implemented an advanced demand forecasting, replenishment and analytics solution fit for the intricacies of their multichannel operation. Supply chain visibility increased and subsequently their understanding of customer demand. They leveraged the insights from that visibility to innovate their purchasing processes, reduce inventory, and ultimately improve customer experience.
Results: In the first 8 months, the retailer increased service level achievement from 89 to 94 percent and drastically reduced the stock levels by 20 percent. Results continue to accelerate. The company has reached 97 percent service level achievement, reduced inventory by 25 percent, and increased inventory turns from 2.9 to 6.5. In 2012, the retailer reduced inventory by an additional 2M USD.
About the Solution Provider: Blue Ridge is a leading provider of SaaS demand forecasting, planning, replenishment and analytics solutions. Retailers, distributors and manufacturers drive significant cash flow increases, inventory reductions, and product availability improvements with enhanced visibility and control across the supply chain. Find your path to game-changing results at www.blueridgeinventory.com.
