RedPrairie, a leading consumer driven optimisation company, has announced that Papyrus, a leading social expression company, has gained inventory accuracy, visibility into stock and Internet retail capabilities with the help of RedPrairie’s Warehouse Management Solution.
Headquartered in California, Papyrus has over 170 stores across the US and distributes products to more than 6,000 specialty retailers. The main distribution centre is located in Nashville.
Since implementing RedPrairie’s Warehouse Management Solution (WMS), Papyrus’s inventory accuracy has gone from 85% to 99.5%.
Better visibility into inventory has given them the ability to better manage warehouse space, pay closer attention to seasonal trends and reduce overall inventory.
“In the past, our retail stores have had to rent outside storage space to ensure they had product on hand for holidays and special occasions. RedPrairie has given us better visibility into buying trends and our inventory, and we’ve become much better at shipping product Just-in-Time to the stores.
So instead of receiving Christmas stock two months before they need it and paying to store the goods, the product arrives at the stores right when it needs to go on the shelves,” said Del Duquette, WMS Manager for Papyrus.
In October, 2006, Papyrus began a website for shipping direct to consumers.
“We could not have done the ecommerce business without RedPrairie’s WMS. We ship out a unit of twelve cards to stores, but ecommerce buyers only want one. Our space utilisation in the warehouse was not efficient.
We’d have to move pick locations, and move vast amounts of product out. Usually Christmas stock would have to be moved out of the warehouse around November to make room for Valentine’s goods.
That would be a big problem for dealing with consumer orders. But with the insight we’ve gained into our inventory from RedPrairie, we keep that product around longer, we know what’s selling, and we leave a lot of product in our forward picks. The visibility is there,” continued Duquette.