In this age of unpredictability, shifting consumer preferences, rapidly fluctuating demand patterns and supply uncertainty, there are tremendous challenges for Fashion & Apparel companies that need to ensure inventory availability at the point of fulfillment and all upstream nodes. While this requirement is clear, the execution is quite complex and in practice hard to achieve. Managing store, wholesale, eCommerce and catalog inventories is a very complicated exercise, and is a mix of art and science.
On top of this, inventory management can be a very labor-intensive exercise when including end-to-end processes with all the stakeholders and systems involved. Effectiveness in wholesale/retail inventory management depends on the successful management of four key components:
• Having the right localized assortments that consider seasonality, holidays, events, and consumer demographics.
• Understanding future demand.
• Optimal inventory placement decisions across the supply chain network.
• Improving store/DC ordering workflow efficiency.
On May 19th, 2022 at 12 Noon EST / 6 PM CET, join Jennifer Palzkill, Senior Director Inventory Planning at Lands’ End, Elizabeth Elliott, Manager at Columbus Consulting, Sandya Sundaram, VP Industry Solutions at o9 Solutions and Vikram Murthi, VP of Industry Strategy at o9 Solutions as they discuss the following topics:
How can market knowledge shape critical processes like demand planning and assortment optimization?
What are the challenges Fashion & Apparel brands are facing related to allocation and replenishment in a Direct-to-Consumer/omnichannel world?
What are the key considerations in making inventory placement decisions based on store and DC labor/transportation/storage capacities, operational schedules, desired service levels and promotions?
How can data and advanced analytics be leveraged to make smart, fact-based decisions?
Senior Director, Inventory Planning at Lands’ End
Partner at Columbus Consulting
VP Industry Solutions at o9 Solutions
VP Industry Strategy at o9 Solutions