INDIANAPOLIS – enVista, a global software, managed services and consulting solutions firm, optimizing and transforming both physical and digital commerce, releases its 2021 Inventory Optimization Survey Report, sponsored by Blue Ridge, revealing future priorities, initiatives and trends across the retail supply chain.
In the face of ongoing supply chain disruptions and changes in consumer demand and fulfillment options, many retailers are centering their focus onto inventory positioning and investment. According to enVista’s 2021 Inventory Optimization Survey Report, key priorities for retailers include improving data quality (40%), improving inventory profitability (34%), optimizing inventory levels with demand (32%) and prioritizing integration of end-to-end planning processes (30%).
enVista CEO, Jim Barnes, said, “We are proud to provide the industry’s only comprehensive study on retail supply chain and inventory optimization strategies in 2021. Inventory is the single largest capital investment that any retailer holds. At a time when shopping options are more abundant than ever, customers increasingly require real-time inventory visibility from the retailers with whom they choose to shop. For omnichannel organizations to be successful in managing their inventory, they must optimize and integrate their organization’s network of people, processes and technology involved in buying, selling and distributing inventory to customers, from order to consumption, across physical and digital commerce.”
Blue Ridge CEO, Jim Byrnes, said, “We are pleased to partner with enVista on this industry study. Based on the global events of 2020, inventory optimization, integrated business planning and advanced analytics have become the top priorities. An efficient and effective end-to-end supply chain requires powerful technology and science-based tools integrated with people and processes to overcome inventory challenges. When a company proactively addresses and overcomes their inventory challenges, it accelerates a superior customer experience and drives an impactful competitive advantage.”
enVista’s inventory management solutions include, supply chain network design; omnichannel strategy; inventory optimization; sales and operations planning; cloud-native omnichannel order management and order orchestration, and AI-powered dynamic inventory allocation with predictive analytics.
Platinum sponsor of the 2021 Inventory Optimization Survey Report is Blue Ridge, a supply chain planning and price optimization solution provider.
Download the full 2021 Inventory Optimization Survey Report.
Visit our website to learn more about enVista.
Visit Blue Ridge’s website to learn more about Blue Ridge.
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About Blue Ridge:
Achieving a resilient supply chain sits at the intersection of demand, price and inventory – where a company’s customers, suppliers and their operations meet. Blue Ridge’s cloud-native planning and pricing platform gives Wholesale Distributors, Specialty Retailers and Discrete Manufacturers app simplicity that uniquely integrates data science-rich inventory forecasting capabilities with price optimization insights. From modeling, right-sizing inventory and seamless collaboration, Blue Ridge bases success off increases in customer profitability and service levels. Learn more at https://blueridgeglobal.com/ or request a demo at https://blueridgeglobal.com/request-demo/.
