Retail

The birth of new distribution channels and shop formats, wider product ranges and shorter life cycles, customers who are ever more aware of opportunities and dedicate less time to purchases: just some challenges many retailers face. Price and product features are no longer discriminating factors. The 'buying experience' and the capacity to make the right products available at the right time are all elements that impact brand awareness and impulse buying.

In managing Retail processes, TXTPerform tackles typical issues of different segments:

• Specialty Retailers
• Fashion Retailers.

Specialty Retailers:

• Management of short life cycle products: from product launch, forecasting and procurement planning to phase-out
• Forecasting and promotion planning integrated to the budgeting process with use of different algorithms for different products and life-cycle stages
• Stock optimization during the procurement and sales planning phase, redistribution of products between shops and warehouses based on cost/opportunities assessments.

Fashion Retailers:

• End-to-end management of product life-cycles, from design and sales planning to phase-out (both for permanent and seasonal products)
• Integration of merchandise planning and 3D visual merchandising in shops
• 'Fashion-oriented' logics in managing budgets and forecasts (e.g. management of seasonal products and products with no history...), as well as in managing allocation and assortment planning (management of sizes and colours, ABC classes, store clustering...)
• Optimization of assortments and stock levels based on actual sales
• Multi-level distribution and replenishments.

To fashion companies which concurrently manage distribution networks and production, the TXT solution offers the unique feature of integrating retail and production processes.