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The Open to Buy or OTB is a common concept in the fashion industry, that is used by buyers and retail managers to control trends in a proactive way. Their main goal is to optimise inventory levels while maximising profits. Open to buy is often used as a control measure that aligns orders to ensure
Table of Contents Efficiency measures and cost-cutting is regarded a quick-fix tonic for ailing Key Performance Indicators, but they have left supply chains in the fashion industry addicted to a cycle of cheap production and unnecessary waste. Without investment in responsive and agile processes, many companies have been unable to adapt and cope with the
Table of Contents Being well-adapted is an advantage – but becoming too fixed in that adaptation becomes an existential threat when conditions change. A Responsive Supply Chain (RSC) is able to provide both the advantage of being well adapted (efficient), while retaining the flexibility to change quickly to new realities, thereby also being effective. Significant
Table of Contents Why Accurate Stock Forecasting Is A Top Priority Achieving the right stock level is a delicate balance, and there is a huge pressure to get it right. Despite being a top priority, forecasting often falls short, which results in avoidable losses and waste.The cost of inadequate inventory forecasting is a growth-killer, and
Whether you sell your merchandise from your own stores or via web-shops, shop-in-shops or franchise outlets, it is critical that you keep control over its distribution to sustain a high and profitable conversion at retail. By subscribing to our platform, you convert the typically linear supply chains of each of those retail channels to one
How to overcome retailer’s dilemma How do retail industry leaders improve their profit? Starting with dynamic inventory management is essential. Content of the ebook Retail Fragmentation has diluted your merchandise offer and made it more and more difficult to match your supply to consumer demand everywhere. This will lead to more overstocks and more shortages,