Behind the Scenes at Fashion Week: Companies Turn to ToolsGroup to Get the Right Inventory Mix.NEW YORK New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of -- Inventory Optimization Drives Business Success for Luxottica and Pompea With New York Fashion Week New York Fashion Week is a semiannual fashion week held in New York City. History The first New York Fashion Week, then called Press Week, was the world's first organized fashion week. in full swing, all eyes are on the new collections. And soon after the models leave the runway and the parties end, those eyes will turn to the stores to find the latest fashions. In advance of the shopping spree, fashion manufacturers and distributors will have decided on the right inventory mix for the retail shelves and distribution pipeline. Different sizes and colors make these decisions difficult and risky. Increasing the challenge: Short selling Short Selling The selling of a security that the seller does not own, or any sale that is completed by the delivery of a security borrowed by the seller. Short sellers assume that they will be able to buy the stock at a lower amount than the price at which they sold short. seasons and even shorter demand windows (in which products go in and out of style). Getting it wrong can be costly in lost revenue, increased markdowns and damaged customer loyalty. Many leading fashion manufacturers and distributors have turned to ToolsGroup's inventory optimization software Free and Open Source software
Eyeglass eye·glass n. 1. eyeglasses Glasses for the eyes. 2. A single lens in a pair of glasses; a monocle. 3. See eyepiece. 4. See eyecup. giant Luxottica and lingerie leader Pompea are just two ToolsGroup fashion industry clients, which include Diesel, Marcolin and Best Manufacturing. All use ToolsGroup's solution, developed specifically for the logistic needs of the fashion industry, including inventory planning for large quantities of highly seasonal products and short lifecycles. Luxottica's Results: With annual sales of more than $3 billion, Luxottica Group is the world leader in the design, manufacture and distribution of eyeglass frames and sunglasses sunglasses A tinted pair of glasses used to ↓ light arriving at the eye, which are labeled according to the amount of UV light blocked; nonprescription glasses are classified according to use and amount of UV radiation blocked Sunglasses . The company's 23 brands include Bulgari, Chanel, Ferragamo, Prada, Ray Ban, Versace and Emanuel Ungaro Emanuel (Maffeolit) Ungaro (born 1933 in Aix-en-Provence) is a French fashion designer. Life Born to Italian parents who had fled to France from Brindisi because of the fascist Italian government. As a young boy, Emanuel Ungaro took to sewing like his father, Cosimo. . Luxottica distributes its products in 120 countries around the world and is the retail market leader in North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. , with more than 2,500 stores, including LensCrafters and Sunglass Hut. Luxottica uses ToolsGroup to manage all its products in a network that includes 26 distribution centers. With ToolsGroup, Luxottica reached and now maintains excellent customer service levels, while keeping minimum stocks and short time-to-market for all its products. In the first six months of the implementation, Luxottica reduced inventory by 10 percent while progressively increasing its customer service levels. With the success of this implementation, Luxottica has now extended the ToolsGroup solution to its spare parts Spare parts, also referred to as Service Parts is a term used to indicate extra parts available and in proximity to the mechanical item, such as a automobile, boat, engine, for which they might be used. Spare parts are also called “spares. operation, where service levels have reached 98.5 percent with no increase in inventory levels. Pompea's Results: With more than $260 million in annual turnover and 2200 employees, Pompea Group is the leading lingerie manufacturer in Europe, producing more than 95 million socks, stockings and pantyhose and 22 million pieces of lingerie each year. Pompea implemented ToolsGroup's software to optimize and plan its logistics network, emphasizing the improvement of fulfillment levels (or customer service levels) for its large-scale distributors. Pompea uses ToolGroup's fashion methodology to perform forecasts and determine inventory targets based on "fashion seasons." Pompea is also performing sub-category planning, in which last year's collection is mapped to this year's collection. Gianluigi Alberici, Pompea Group Manager, explained: "Following the implementation of (ToolsGroup's) DPM (Documents Per Minute) The number of paper documents that can be processed in one minute. in July 2004, the company has achieved a 16 percent reduction in stockouts and a 25 percent reduction in letters of complaint, without a relative stock increase." About ToolsGroup ToolsGroup provides inventory optimization software solutions for distribution-intensive businesses. Its powerful stochastic solution optimizes distribution chain inventory, from finished goods assembly to the end consumer, and from strategic network design to daily operations. It allows supply chain managers to meet demanding service levels, while reducing inventory and operating costs operating costs npl → gastos mpl operacionales . With more than 80 customers in 28 countries, it is the most experienced inventory optimization software provider worldwide. For more information on ToolsGroup and its solutions, please visit www.ToolsGroup.com. |
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