RedPrairie and Sony Finalists for Supply Chain Innovation Award
The Council of Supply Chain Management Professionals (CSCMP) and SupplyChainBrain have named RedPrairie Corporation and Sony of Canada Ltd as finalists for the Supply Chain Innovation Award.
RedPrairie was nominated for the award based on their successful implementation of a Collaborative Flowcasting/store level distribution resource planning (DRP) solution for Sony of Canada. The case was selected as one of eight finalists out of 50 submissions.
Sony implemented RedPrairie's store level distribution resource planning system in 2009, using integer forecasting to model how seasonal demands will occur. In 2012 Sony of Canada improved store level forecast accuracy by 30%, improved store in-stock from 87 to 97%, reduced supply chain inventory by 20%, and reduced obsolete inventory from 14 to 9%.