Welcome to part two of our Buying Smarter, Faster, Easier series where we share our thoughts on how to buy faster. “Agile management is having a transformational effect on the fashion industry. Dr. Warren Hausman, Professor of Management Science and Engineering at Stanford University, quantified the financial value of agile management as enabling retailers to increase profits by as much as 28% through reductions in unwanted markdowns, lost sales and stock outs.”1
The key to agile assortment management is a combination of:
- Agile processes where speed and efficiency are increased across product cycles from concept to PO
- Agile customer insights that are accessible and actionable, incorporating those insights into an assortment decision-making toolset
- An agile solution that is innovated to wrap around your assortment strategies and methods, and flexible enough to grow with you as your business and customers’ shopping patterns change and as technology advances
- An agile deployment with a team of retail specialists and technical experts using proven implementation methodology so your organization can start reaping the benefits sooner than later
As the only software provider in the industry that specializes in assortment solutions, it makes sense that daVinci Retail was the first to respond to the agile management culture. We have been helping retailers and wholesalers streamline processes and maximize their inventory investments and profitability for over a decade.
To learn more, we invite you to take our 15-minute introductory presentation arranged at a time that is convenient for you. To set this up or chat about your assortment challenges with one of our business experts, please contact us at 1.888.PLAN.OTB or info@davinciretail.com.
