Case Study: Centric Brands improves forecast accuracy and manages revenue risk with OpsVeda Revenue Risk Management

Improve Forecast and Proactively Manage Revenue Risk and Opportunities

Centric Brands, a leading lifestyle brand collective, faced a challenge where its account managers struggled to predict how much of their monthly demand would actually convert to revenue due to issues like stock-outs. This lack of visibility into revenue risk and opportunities made it difficult to proactively manage their targets. They implemented OpsVeda's Revenue Risk Management solution to address this problem.

The OpsVeda platform provided visibility by correlating demand and supply data to assess potential revenue and classify it by risk level. This allowed managers to get early warnings of issues and take corrective action, such as expediting shipments. According to an internal survey, about 75% of the account services team used OpsVeda to realize more revenue opportunities and execute with 99% forecast accuracy.

Centric Brands