Financial Technology

Financial Technology

November 09, 2012

Blue Ridge Announces Inventory Income Statement Analytics Tool

Blue Ridge, a provider of SaaS (News - Alert) demand forecasting, planning and analytics has announced the release of the Inventory Income Statement, an analytics tool designed for people making decisions in business and replenishment buyers.

“The Inventory Income Statement opens windows that expose the good, the bad and the ugly of every segment of a company’s inventory portfolio. If the return on inventory investment is 2.5 percent, you can bet that some pockets of items are doing much better and some are doing much worse,” Dan Craddock, president at Blue Ridge, said in a statement. “Replenishment buyers can now dive in as inventory investment analysts and make decisions that help drive those numbers up.”

Users can see a number of performance indicators on one dashboard and can use the data to make good business decisions. The Atlanta-based company’s clients, which include CVS Pharmacy, Xpedx, Burris Logistics and Shamrock Foods, are impressed.

“The things that we find that we truly love about Blue Ridge are, along with being responsive to our needs, they’ve come up with program enhancements that were designed specifically for Burris that have not only allowed us to save money, but also allowed us to better control our product,” Mark Williams, a business analyst at Burris Logistics, said.

Ed Krupka, Burris Logistics CIO, also sang the praises of Blue Ridge in October, when the Milford, Del.-based frozen food warehousing and distribution company went live with Blue Ridge’s CLARITY suite.

“Strategically, we want to make certain that we honor our commitment to deliver ‘WOW’ levels of service for our customers,” he said. “We have used the Blue Ridge CLARITY suite for forecasting and replenishment for some time, and we have observed great advantages. Adding analytics to our inventory solution will help us prioritize the issues that have the greatest impact on improving our performance and provide visibility to the replenishment team that allows them to increase fill-rates without taking on excess inventory or logistics costs.”

Edited by Amanda Ciccatelli

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