| "On rent" software for
Flexible Supply Planning and Optimization
Apparel, footwear and
consumer-goods planners: You can plan your assortments in
the greatest detail, but you know that the consumer has a
way of overturning the best-laid plans. So what is the path
to stable and high net margins?
Contrary to old thinking, a
responsive supply chain actually begins with planning.
Planners must design in the supply flexibility (in upside
materials, capacity and shortened lead times) to respond to
unexpectedly high or low demand. This can dramatically
reduce markdowns and stockouts, with a typical net margin
increase of 40-70% in our experience.
“Part of what is
exciting about (FSP) is that it ties demand
forecasting to supply forecasting. Over the last
five years, a lot of retail companies have
implemented different forecasting tools that convert
sales data into models of demand forecasting. Very
few have linked that to supply forecasting, which is
part of what (FSP) does.”
Rick Darling
CEO, Li and Fung USA |
Predictix introduces Flexible
Supply Planning and Optimization to complement and
turbo-charge your assortment planning, item planning and key
item planning processes. Predictix's "on rent" software
works with your planning process while reaching out to
vendors and reducing their lead times by capacity bookings.
It adapts every transaction in the supply chain continuously
and rapidly to changes in the demand signals.
Whitepapers and Links
Harvard
Center for Textile and Apparel Research paper on Flexible Supply Options [download
PDF]
AMR subscriber? Read
this paper on "fashion
forward flexibility" that references Predictix software.
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