As speed and flexibility, in addition to price, become ever more decisive factors within this trading sector, the reduction in the time element brings significant competitive advantages.
Fashion trends can be quickly addressed and converted into saleable collections to match supply to demand, and reduce the retailer’s potential for a fashion flop.
Generally speaking in Europe in the past, new fashion collections were developed for both a summer and winter seasons. In year 2007 the average number of collections was approximately 4.7 per year. In 2011 the average number of fashion collections developed will be 6.9 per year (Source: Institut Français de la Mode, France).
We at Weigandt Consulting can offer a wide range of software modules designed with the specific purpose of supporting and optimising processes within the retail fashion industry.
Primarily, solutions for allocation, finance and item/assortment planning systems, demand forecasting, replenishment and markdown optimization are currently in high demand.