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AI in Fashion Merchandising: Bringing the Fun Back to Retail Teams | Paul Sprackling
Paul Sprackling on how AI and Merchandising software can free up time for fashion retail teams and why data, vendor
Continuous merchandise planning & execution for
Apparel retailers require efficiency, forecast accuracy, and speed when it comes to the merchandise planning and execution of large, complex assortments and fast-moving inventory.
Make sure the right styles and sizes are available across your channels and points of sale through hyper-local demand forecasting and size curve analysis.
SKU/point of sale forecasts enable you meet demand without overstocking in order to free up working capital and reduce markdowns and excess inventory.
Automate merchandising processes to liberate teams from tasks they’d normally carry out over spreadsheets and traditional systems, gaining efficiency and time.
Set visual merchandising rules to ensure that allocations, replenishments and rebalancing executions maintain the right look in stores.
Apparel retailers need to ensure the right availability across their channels and points of sale with agility and precision to align inventory decisions with ongoing demand.
Create holistic, omnichannel baseline assortment plans that align your goals with real demand. Teams can then refine, recalculate, and iterate in a digital workspace until they have the perfect assortment for each channel.
Send waybills to your warehouses in advance, giving them enough time to prepare to send the right stock to stores as quickly as possible. No more waiting until stock arrives, no overstocking stores, and no more missed sales due to delays.
Incorporate an intelligent holdback strategy at the beginning of the season, allocating enough units to meet demand while keeping more units available in your warehouse so they can be dynamically replenished according to ongoing demand patterns later.
Nextail will continue achieving full-price sales and profitability even at the end of a product’s lifecycle or season by rebalancing apparel inventory and joining up broken size sets to meet ongoing demand.
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Paul Sprackling on how AI and Merchandising software can free up time for fashion retail teams and why data, vendor
Agile merchandising is redefining how fashion retailers manage inventory in-season. Learn what it means and how it works.
Let our experts show you how Nextail can help your organization to sell more with less stock.
