Women Underwearfor Retail & Wholesale
For one leading fashion supplier, success and sales growth came with a cost: following up and catching the trends as close as possible
The effort vastly improved the company’s planning and execution functions, they knew that in order to succeed in this era of technology their accounting systems needed to be much more robust than what they are.
challenge
The biggest challenge is obviously the fashion. If you do not follow up the fashion and trends closely, you will definitely en up with lots of stok in your inventory and on the other side, you will loose you clients in time.
- Improve sales and operations and production planning:
The most important factor is to introduce the new fashionable products as early as possible to your clients so then you can have orders in advance and fast.
- Determine the right inventory level:
You will need to maintain the determine the stock level; forecasting is very important so then you can supply as fast as possible.
- Optimize the supply chain for perfect order planning:
Supply and product manufacturing in time is essential. To maintain and update the stock at certain level, it is very crucial to control the order planning and supply chain to deliver the orders as fast and on time as possible.
solution
It is very obvious that the big and global brands determine the trends and fashion. What you need to do is closely watch them and try to forecast what will they release in the new season and be able to supply your products simultaneously with them.
Once you offer the products to you clients, they will rush to order and you will need to maintain the product supply-chain and well as inventory to deliver the goods in time.
The biggest advantage we are having is our inventory; we always maintain at some certain level at all times.
results
Arguzo employees are now more empowered; Arguzo also has the benefit of generating reports instantaneously whenever needed. They can now make decisions on the fly based on the latest real time data.
The effort vastly improved the company’s planning and execution functions, created and implemented a new stock policy that accounted for specific SKUs and key variables, streamlined the order preparation process and reduced distribution transport times.
By the numbers, the effort:
- Reduced lead time by 43%
- Decreased variability by 50%
- Lowered the risk of back-order by 95%
- Increased stock for finished goods by 10%