In the Fashion Retail world, every instance of a stockout represents a failure to fulfill consumer demand. The ramifications of out-of-stock situations do not end at the initial sale; it extends to loss of companion sales, inability to salvage future shopping trips and potentially, the loss of loyal consumers. How can companies combat this challenge which has plagued the industry for decades? The answer may lie with your operational backbone - your ERP system.
By Vinod Kumar, Solutions Director, attune
This blog post takes an in-depth look at answering some of the frequent questions around SAP S/4HANA 1709, taking into account what fashion companies need to know and how they can prepare for their transition to SAP S/4HANA for Fashion.
Over the years we’ve talked a lot about what it takes to craft the ideal omni-channel experience, and the importance of going beyond the cursory approach of simply ticking the correct boxes of online, in-store and mobile commerce platforms. While it is vital to be able to sell to customers in all channels, it is not enough to simply be present. Omni-channel fashion is only good when it genuinely engages consumers in a meaningful way, as borne out most recently in a research published by L2.
Our industry is often described as one in which change is the only constant. As attune crosses a decade of developing, implementing and fine-tuning enterprise solutions custom-designed for the fashion and lifestyle industry, this milestone serves as a valuable opportunity to look back on the remarkable legacy of innovation established by attune, in order to gain a better understanding of where we came from and where the next decade will take us.
It’s a new world for fashion retailers. Giants in the online retail space, like Amazon who last year achieved sales in excess of US$ 107 billion, is now moving into the brick-and-mortar retail format. Meanwhile, traditional brick-and-mortar retail companies like Burberry have made exponential leaps ahead of the competition through a concerted effort to develop its online and in-store retail experience into a single, seamless offering. The trend is towards omni-channel retail and it is a trend that is quickly becoming the norm for fashion retailers.
This is the third and final part of a recently done interview by the Apparel Magazine where we answered several questions by sharing our view point on some of the most pressing challenges and opportunities that Fashion-Lifestyle Brands and Retailers face presently. In this article we discuss the obstacles that are currently being faced by existing systems and how fashion retailers can overcome this by turning data from multiple touch points into actionable insights.
The exponential growth of digital has created an environment that 20 years ago didn't exist, and even today retailers are still finding their way around it. As more consumers become connected to information than ever before, fashion businesses are compelled to understand and innovate their operations based on what their customers want, in real time.
This is Part Two of a recent interview by the Apparel Magazine where we answered several questions and shared our view point on some of the most pressing challenges as well as the opportunities that Fashion-Lifestyle Brands and Retailers are faced with today. We discuss the increasing number of touchpoints, how it affects a buyer's journey and how fashion retailers can turn data from multiple touch points into actionable insights.
We were recently featured by the Apparel Magazine where we answered several questions and shared our view point on some of the most pressing challenges as well as the opportunities that Fashion-Lifestyle Brands and Retailers are faced with today. This is the first of a three part series.