Fashion Distribution Plan
Retail distribution means making the products readily available to the consumers by placing them in stores and other places. In the apparel business, the right retail distribution will determine the …
Fashion Buying Plan
The ultimate goal of fashion buying, and the entire retail business, is to make sales. Retailers generally plan the sales, stocks, purchases and reduction amounts much in advance for a …
Assortment plan
Assortment planning is the process conducted by the retailer to determine the number and options (style-color) in a line. Key questions that arise in this process include choosing the inventory …
Range Plan
The range plan is an important piece in the planning process The range plan covers every aspect of a product’s life cycle including manufacturing, lead times, sizing, quantities, pricing, margins …
Open to buy
Open-to-Buy or OTB is an inventory planning strategy that helps retailers accurately work out how much inventory to buy. An OTB plan can start with your revenue goal for the coming months and …
OTB (Open-to-Buy) Minimize risks with orderly planning
In today’s retail business, a mistake in inventory planning can lead to overstocking or understocking, which can cause significant cash flow problems. Against a backdrop of rising costs, declining consumer …
The importance of traceability
If we ask ourselves what traceability means within the fashion industry, the answer would be to know who, when and how each one of the parts that make up a …
SAP Partner Summit for SME 2023 in Vienna
We were once again part of the SAP Partner Summit, this time held in Vienna. This event reunites SAP Partners around the globe and supercharges this SAP Partner Ecosystem to …
How automated product tagging helps fashion trend analysis
No doubt. Automated product tagging can drastically support your fashion business. In this blog we address the usage of Artificial Intelligence and visual computing helping fashion companies to forecast with …
Can ChatBots influence the fashion lifecycle?
The fashion industry has been a pioneer in adopting artificial intelligence (AI) technology using algorithms to support their recognition engines, design, marketing, and customer care. This technology has mainly provided …