A new automation couple has surfaced: pairing supply chain planning with pricing optimization, according to Mike Mills, Director, Business Consulting at Blue Ridge. Read Mills’ feature article in Automation.com here.
Mills noted, “Driving this trend is the fact that companies need earlier insights into new market opportunities, including what items consumers want, on what channel, how much they should stock, and how much they will pay for these products.”
According to Mills, top wholesalers lack of automation keeps their company goals out of reach. Specifically, a lack of automation means poor management of slow-moving products and seasonal items. Those metrics are secondary to the automation value proposition of improving forecast accuracy.
Companies need to evaluate current technology and measurement tools to discover where to improve and invest. When it comes to inventory, nearly half of all companies are able to offer different service levels based on the importance of items or clients. Others use tools that evaluate plans based on demand changes and reconcile sales, purchases, and other financials with budgets. Sadly, more than a quarter of companies fail to use any of these tools.
Automation.com is the leading online publisher of automation-related content. The publication helps readers automate factories and processes, solve problems, and improve production efficiencies by providing the most current industry news, information, and resources.
About Blue Ridge
Blue Ridge Supply Chain Planning and Price Optimization solutions empower distributors, discrete manufacturers, 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 for a more foreseeable future.
Media Contact
Company Name: Blue Ridge Solutions, Inc.
Contact Person: Andrea Keeble
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Phone: (877) 547-0346
Address:280 Interstate North Circle, Suite 610
City: Atlanta
State: GA
Country: United States
Website: https://blueridgeglobal.com/
