{"id":47607,"date":"2021-05-05T00:00:00","date_gmt":"2021-05-05T04:00:00","guid":{"rendered":"https:\/\/sticky-highjinx.flywheelsites.com\/uncategorized\/omnichannel-organizations-prioritize-inventory-visibility-and-profitability-for-competitive-advantage-in-2021\/"},"modified":"2022-03-30T16:12:14","modified_gmt":"2022-03-30T20:12:14","slug":"omnichannel-organizations-prioritize-inventory-visibility-and-profitability-for-competitive-advantage-in-2021","status":"publish","type":"post","link":"https:\/\/envistacorp.com\/en-au\/2021\/05\/05\/omnichannel-organizations-prioritize-inventory-visibility-and-profitability-for-competitive-advantage-in-2021\/","title":{"rendered":"Omnichannel Organizations Prioritize Inventory Visibility and Profitability for Competitive Advantage in 2021"},"content":{"rendered":"<span class=\"span-reading-time rt-reading-time\" style=\"display: block;\"><span class=\"rt-label rt-prefix\">Reading Time: <\/span> <span class=\"rt-time\"> 2<\/span> <span class=\"rt-label rt-postfix\">minutes<\/span><\/span><p>INDIANAPOLIS &#8211;\u00a0<a href=\"https:\/\/www.envistacorp.com\" target=\"_blank\" rel=\"noopener\">enVista<\/a>, 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 <a href=\"https:\/\/blueridgeglobal.com\/\" target=\"_blank\" rel=\"noopener\">Blue Ridge<\/a>, revealing future priorities, initiatives and trends across the retail supply chain.<\/p>\n<p>In the face of ongoing supply chain disruptions and changes in consumer demand and fulfilment options, many retailers are centering their focus onto inventory positioning and investment. According to enVista\u2019s 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%).<\/p>\n<p>enVista CEO, Jim Barnes, said, \u201cWe are proud to provide the industry\u2019s 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 <a href=\"https:\/\/envistacorp.com\/technology\/unified-commerce-platform\/order-management-system\/inventory-visibility\/\">real-time inventory visibility<\/a> from the retailers with whom they choose to shop. For omnichannel organisations to be successful in managing their inventory, they must optimise and integrate their organisation\u2019s network of people, processes and technology involved in buying, selling and distributing inventory to customers, from order to consumption, across physical and digital commerce.\u201d<\/p>\n<p>Blue Ridge CEO, Jim Byrnes, said, \u201cWe 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.\u201d<\/p>\n<p>enVista\u2019s 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.<\/p>\n<p>Platinum sponsor of the 2021 Inventory Optimization Survey Report is Blue Ridge, a supply chain planning and price optimization solution provider.<\/p>\n<p>Download the full <a href=\"https:\/\/web.envistacorp.com\/2021-inventory-optimization-survey\">2021 Inventory Optimization Survey<\/a> Report.<\/p>\n<p>Visit our website to learn more about <a href=\"https:\/\/www.envistacorp.com\" target=\"_blank\" rel=\"noopener\">enVista<\/a>.<\/p>\n<p>Visit Blue Ridge\u2019s website to learn more about <a href=\"https:\/\/blueridgeglobal.com\/\" target=\"_blank\" rel=\"noopener\">Blue Ridge<\/a>.<\/p>\n<p style=\"text-align: center;\">###<\/p>\n<p><strong>About Blue Ridge:<\/strong><\/p>\n<p>Achieving a resilient supply chain sits at the intersection of demand, price and inventory \u2013 where a company\u2019s customers, suppliers and their operations meet. Blue Ridge\u2019s 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.\u00a0From modelling, right-sizing inventory and seamless collaboration, Blue Ridge bases success off increases in customer profitability and service levels. Learn more at <a href=\"https:\/\/blueridgeglobal.com\/?utm_medium=referral&amp;utm_source=pr&amp;utm_campaign=prtracycoonwam\">https:\/\/blueridgeglobal.com\/<\/a> or request a demo at <a href=\"https:\/\/blueridgeglobal.com\/request-demo\/?utm_medium=referral&amp;utm_source=pr&amp;utm_campaign=prtracycoonwam\">https:\/\/blueridgeglobal.com\/request-demo\/<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The enVista 2021 Inventory Optimization Survey uncovers strategic focus among omnichannel organizations in the coming year<\/p>\n","protected":false},"author":22,"featured_media":42521,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"content-type":"","_searchwp_excluded":"","footnotes":"","_links_to":"","_links_to_target":""},"categories":[4010],"tags":[],"class_list":["post-47607","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-press-release"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - 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