Bob’s Stores, a regional provider of name-brand clothing and footwear for men, women and children, achieved the award for the success it achieved with advanced replenishment and demand forecasting solutions from JustEnough Software.
“We are thrilled to receive this award from Apparel Magazine. It signifies that we’ve met and exceeded our goals and expectations.
“We knew that if the solutions we chose could help us accomplish superior customer service through reduced stock-outs, we would achieve a high-dollar return on our technology investment and keep our customers happy,” said Victor D’Amato, assistant vice president of planning and analysis, Bob’s Stores. “And that’s just what JustEnough Software’s Demand Forecasting and Replenishment solutions helped us to do.”
Apparel Magazine devoted its May 2013 issue to recognizing innovative apparel retailers, brands and manufacturers that have demonstrated innovation at any point along the supply chain — and the strategic business partners that have helped them to achieve success. Bob’s Stores was recognized for its use of JustEnough Software’s Demand Forecasting and Replenishment solution which helped it to gain the following results:
- A 16 percent reduction in average inventory ownership at the store level
- A 9 percent increase in the number of apparel and footwear assortments that have met Bob’s Stores’ in-stock goals
- Reduced overstocks, product obsolescence and lost sales with improved forecasts that represent true customer demand
- Improved ability to maintain some safety stock in a central location, versus in on-site store stockrooms
“Bob’s Stores’ win of a Top Innovator Award highlights how robust planning technology can help retailers to reduce costs and waste, as well as ensure that inventory is at the right stores at the right time – every time,” said Malcolm Buxton, president and CEO, JustEnough. “Our retail planning solutions provide bottom-line benefits and a real competitive advantage for our customers, helping them to achieve their business and financial goals.”
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