Blue Ridge, a provider of comprehensive, cloud-native supply chain planning solutions, announced today that Blue Ridge Planning for NetSuite has achieved the ‘Built for NetSuite’ status. Blue Ridge Planning for NetSuite, built using Oracle NetSuite’s SuiteCloud Computing Platform, allows retailers and distributors to accurately spot, plan and predict changes in customer behavior, improving service levels and assuring product availability to customers without creating a costly inventory surplus.
Built for NetSuite is a program for NetSuite SuiteCloud Developer Network (SDN) partners that provides partners with the information, resources and methodology required to help them verify that their applications and integrations meet NetSuite standards and best practices. The Built for NetSuite program is designed to give NetSuite customers additional confidence that SuiteApps, like Blue Ridge Planning for NetSuite, have been built to meet these standards.
Blue Ridge Planning for NetSuite provides:
• Multiple Forecasting Models – Embedded machine learning capabilities automatically select from multiple forecasting models to help retailers and distributors improve forecast accuracy for each product.
• Replenishment Optimization – Sophisticated replenishment optimization ensures service levels are achieved and presents actionable recommendations through an easy to follow, best practice workflow.
• Event/Promotion Management – Provides a comprehensive event planning solution that can be automated and adjusted as needed to ensure the timely purchase of goods to support promotions.
• Multi Echelon Inventory Optimization (MEIO) – MEIO is designed for enterprises with distribution centers or upper echelons that supply customer facing channels, including stores or branches. MEIO handles the dependent demand forecasting and inventory optimization for downstream locations as well as independent demand at the upper echelons to reduce variability and ensure inventory investments are profitable and efficient.
• Open to Buy Analysis – Enables users to quickly see how forecast changes impact the open to buy budget. Users can simulate changes at any available level of the product, location and channel hierarchy and immediately see the effect on open to buy.
• Assortment Analysis – Allows customers to validate which products and suppliers contribute the most to sales and profitability. Configurable dashboards give users an updated view of the most important measurements to identify categories where products and/or suppliers need to be replaced in real time.
“In today’s market, supply chains need certainty and assurance. The most successful businesses are the ones that can master inventory planning and anticipate where stock is needed,” said Jim Byrnes, CEO of Blue Ridge. “Blue Ridge Planning for NetSuite delivers that assurance with a precise prediction of customer demand by accounting for constraints that impact the actual ordering of goods, including capacity, holidays, buying minimums, maximums, lead times and a host of other factors tailored to particular industries.”