Fashion retailers are facing an unprecedented challenging time: decline in consumer spending, tougher competition on the high street, and e-tailers taking center stage make it more difficult to protect margins and fuel expansion.The only way to turn this threat into an opportunity is to redesign and make the entire planning process smarter to predict opportunities and trends, and faster to execute reliable “routine” planning cycles.
Not a big deal….nothing surprising… The problem is that the existing plethora of tools on the market have not delivered against their promises to simplify and improve simulation/modelling, top-down approach, what-if analysis, collaboration. Often they do not even ensure the performance required for dealing with thousands of SKUs, hundreds of stores and
multiple collections/season/themes.
Furthermore, despite all the marketing buzz about integration, retailers still have to implement several modules and purchase many different licences when covering subsequent planning steps – just as an example - Merchandise Financial Planning coupled with Assortment Planning or Replenishment.
All these processes are then disconnected from the corporate financial planning and budgeting, which requires another level
of integration.
Does this sound familiar? Then BOARD will blow your mind. Download this resource today to learn more!
