Sharing Consumer Demand Information is Key to Managing Inventory, According to BearingPoint’s John Cummings
McLean, Va., June 8, 2004 — A trend towards a more demand driven replenishment model is creating a need for companies to reevaluate how best to manage their supply chains. Retailers, consumer packaged goods and manufacturing companies know that consumer data collected at the point of sale is key to matching product availability and gauging replenishment needs, according to a new white paper, “Synchronous Demand Networks: Speed, Flexibility and High Return on Investment,” www.bearingpoint.com, developed by BearingPoint, Inc. (NYSE:BE), one of the world’s largest business consulting and systems integration firms.
The paper details the way companies can migrate to a new and improved “synchronous demand” business model that prevents excessive inventory and improves services levels by focusing on an approach that involves sharing inventory, forecast, order and replenishment information with key trading partners at the same time.
“Companies are challenged with either having too much or too little inventory, which can impact a company’s cash flow and return on investment,” said John Cummings, a managing director with BearingPoint. “A supply chain network driven by the consumer can provide trading partners such as suppliers, factories and distribution centers with valuable real-time data.”
According to Cummings, disseminating this data to trading partners at the same time is critical, as it can affect the flow of the supply chain. The data collected can be leveraged to help improve flexibility and responsiveness to change and uncertainty. Recent advances in planning and collaboration applications have made it possible to collect and to share near real time demand information with key trading partners.
Cummings can provide additional insights into the white paper’s conclusions, as well as discuss other related supply chain issues. To speak with Cummings on this issue, please contact Lizette Kodama at 212-954-2461.
About BearingPoint, Inc.
BearingPoint, Inc. (NYSE:BE) is one of the world’s largest business consulting, systems integration and managed services firms serving Global 2000 companies, medium-sized businesses, government agencies and other organizations. We provide business and technology strategy, systems design, architecture, applications implementation, network infrastructure, systems integration and managed services. Our service offerings are designed to help our clients generate revenue, reduce costs and access the information necessary to operate their business on a timely basis. Based in McLean, Va., BearingPoint has been named by Fortune as one of America’s Most Admired Companies in the computer and data services sector. For more information, visit the Company’s website at www.BearingPoint.com.
This press release may contain forward-looking statements, the accuracy of which is necessarily subject to risks, uncertainties and assumptions as to future events that may not prove to be accurate. Factors that could cause actual results to differ materially from those expressed or implied include general economic conditions and the factors discussed in our most recent Form 10-Q. We undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
For Media:
Lizette Kodama
BearingPoint, Inc.
lkodama@bearingpoint.net
(212) 954-2461
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