Overview
Unpredictable demand, offshore/nearshore manufacturing with long lead times, a large number of SKUs with variants for color, size & style – this combination is a deadly cocktail for any industry, but in fashion companies, it is the norm. Therefore, the ability to continuously monitor the demand-supply alignment to mitigate lost sales and excess inventory situations proactively is critical for success.
Monitoring
Monitoring of potential revenue attainment based on demand, inventory and supply risk considerations
Timely view
Timely view to inbound delays and the effect on customer commitments
Shorten cycle
Shorten cycle time from concept to store to take maintain an edge over the competition.
Fashion & Retail Industry
Capabilities
Fashion Launch Planning & Execution
- Collaborative sample-production tracking with internal & external teams
- Bulk order management & duplicate detection
- In-context collaboration with contract manufactures
Manufacturing & Inventory
- Production tracking & downstream impact assessment
- Assessment of raw material supply issues on overall commitments
- Inventory-at-Risk, Inventory Aging, reasons for build-up
Shipments
- Impact assessment of delays & route changes on orders
- Dynamic re-routing based on demand changes
- Supply-side analysis & relative prioritization
Retail Sales Management
- Excess/Out of Stock alerts & shelf-life management
- Inventory balance assessment (size, age group, top-bottom ratios)
- Demand shift detection
Key Benefits
Achieve end to end visibility,
flexibility and speed
flexibility and speed
OpsVeda breaks down the barriers and inefficiencies across sales channels with a single solution.
Smart supply chain
execution
execution
Alternate SKUs/labels/configuration: A particular SKU being out of stock does not always mean a lost sale. OpsVeda can suggest intelligent alternatives.
Increase
revenue
revenue
Zero in on at-risk orders, execute with smart container prioritization, suggest alternate timelines/ SKUs/labels/configurations to sell to an engaged customer.
Improve
customer service level
customer service level
Production tracking and downstream adjustments are more easily handled. Smart fill-rate management and smart inventory deployment are a matter of course with OpsVeda.
