Today more than ever the retail supply network plays an important role in determining the success of a new product.
Retailers must decide upon which products to prioritise, the best assortment for their stores, as well as which supply and stock policies to adopt – the variability in demand partly due to a move towards multi-channel retailing together with new geographies and distribution channels make this increasingly challenging.
A focus on forecasting and replenishment, delivers benefits terms of containing costs, increase customer service, improved consumer experience and therefore overall performance of the company.
“This project is another milestone in improving our supply chain effectiveness, allowing us to continue to grow our presence by increasing the number of stores whilst improving profitability. TXT’s experience within retail and in particular products with short lifecycles was key; I am confident TXTDEMAND will provide us with the necessary tools to reduce our inventory levels and boost our retail sales through improved planning capabilities and having a better picture of future demand.”
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