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About the client
Apparel Group is a leading global fashion retailer known for its diverse portfolio of international brands and strong market presence. Committed to innovation and trend adaptation, it delivers high-quality fashion experiences through optimized supply chains and strategic partnerships. Similarly, Apparel India has established itself as a key player in the Indian fashion market with a robust retail network and strong online presence.
The Challenge
The Apparel Group faced several operational and planning hurdles that impacted efficiency, accuracy, and alignment across key retail functions.
- Limited Planning Time in Excel
- Inventory Management Issues
- Complex Budget and Sales Planning
- Inaccurate COGS Data
- Demand Forecasting
- System Integration
- Supply Chain Disruptions
Our Solution
Merchandise Financial Planning (MFP): The Apparel Group implemented MFP to tackle planning and forecasting challenges. MFP is a strategic retail tool for managing sales, margins, and inventory
With MFP, the Apparel Group was able to:
- Set clear sales and margin targets aligned with financial goals
- Improve demand forecasting accuracy
- Optimize inventory to reduce overstock and stockouts
- Align merchandise strategies with business objectives
- Enhance cross-functional collaboration and planning efficiency
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