Fashion company dresses up stock management
Calvin Klein owner boosts stock and sales markdowns
The company that owns and markets the worldwide Calvin Klein brand is using software to boost stock management and drive improved sales markdowns.
Phillips Van Heusen, the world’s largest shirt company, has installed new allocation and performance analysis software.
Vice president of planning and applications Jim Buehler says the technology has strengthened the company's processes and boosted productivity and efficiency of staff.
‘By using the applications, we have been able to increase our in-stock rate from the low 90 per cent range to 97 per cent with no significant inventory increase,’ he said.
Buehler says the advanced allocation software has improved productivity and efficiency for its employees. In the past the stock allocation process routinely took more than an hour to complete but now takes a fraction of the time.
‘We can literally have it done in 10 to 15 minutes,’ Buehler said. ‘It is more consistent and more accurate than it used to be.’
Buehler says utilising the full capabilities of the JDA Software applications has allowed it to improve its inventory to a more detailed level.
‘We are now doing size forecasting for basic stock merchandise and optimisation for fashion apparel,’ he said. ‘This combination has contributed to our sales markdown improvements and improved sales and margins.’
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