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Future Group deploys TXT Retail's merchandising suite
08
Dec '17
Courtesy: TXT Retail
Courtesy: TXT Retail
TXT Retail, an Aptos company and provider of end-to-end merchandise lifecycle management (MLM) solutions, has announced that Future Group, one of India’s leading business conglomerates, has successfully deployed TXT Retail’s MLM solution across its Big Bazaar chain, India’s popular hypermarket, and its fbb fashion retail stores in 220 Indian cities.

Future Group now manages, with TXT Retail, the complete spectrum of its merchandising processes: merchandise financial planning, assortment planning, open-to-buy, allocation and replenishment for more than 45,000 product options. The project, which involves 100 users across the organisation, has been a joint delivery with Ptex, TXT Retail’s implementation partner in India.

TXT Retail supports Future Group to set its global collection targets and to derive the best buying and assortment plans to meet demand. Additionally, TXT Retail’s forecasting, allocation and replenishment capabilities provide the tools to optimise in-season merchandise management and inventory levels across products and locations.

Rakesh Biyani, joint managing director at Future Group said, “The successful go live at Big Bazaar and synergies between our companies prove that partnering with TXT Retail to support our growth has been the right choice. With the extensive socio-economic changes that India has undergone in the last decade, consumers’ needs and requirements are evolving fast. TXT Retail’s end-to-end planning capabilities help translate the deep understanding of the Indian society that our group has developed into precise merchandising decisions and tailored assortments to our customers.”

With the go live at Big Bazaar, the deployment of TXT Retail is now being extended to Future Group’s complete retail portfolio, including Central department stores and Brand Factory — India’s largest fashion discount store chain.

Future Group leveraged the TXT AgileFit deployment methodology which accelerates deployment and time to benefit thanks to reference processes and a pre-configured optimised solution framework honed through TXT Retail’s experience with hundreds of customers globally. (GK)

Fibre2Fashion News Desk – India


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