Home / Knowledge / News / Information Technology / Boomerang Commerce shows new LPM app at ShopTalk
Boomerang Commerce shows new LPM app at ShopTalk
27
Mar '17
Boomerang Commerce, the leading retail performance management solution provider, has released its new Lifecycle Performance Management application (LPM) at the recent ShopTalk retail event in Las Vegas, in booth 624. LPM gives customer performance data, blended with external market data, to predict future challenges and forecast demand and performance.

Utilising artificial intelligence, LPM recommends actions to mitigate performance risks and lets merchants and planners see the predicted outcome of their actions. As a result, retailers are able to increase sales, drive profitability, and improve sell-through.

Merchant planners are under increasing pressure to hit aggressive sales targets without sacrificing margins. This requires more accurate forecasting, optimal inventory allocations, and optimal timing of markdown prices. Boomerang’s LPM application leverages machine learning to monitor performance, inventory levels, and competitors to identify opportunities to improve performance and mitigate risk weeks before they become larger problems. The system saves significant time in analysis, prevents last-minute fire drills, and minimises opportunity cost due to ineffective actions.

The application’s features include digital merchant assistant, which constantly analyses catalogue, performance, and market data to guide planners with suggested actions to drive higher footfall, greater online traffic and increased sell-through while optimising for improved margins.

This solution identifies opportunities and risks that planners can address before they turn into performance problems, guides product lifecycle decision making at the cadence of merchant operations, recommends multiple decision options to illustrate tradeoffs between various performance metrics, and offers a streamlined user interface that is designed for merchants and planners.

The app also provides forecasts and simulations for store and online channels to help planners drive revenue and margin performance across the lifecycles of their products, achieve optimal sell-through against their plan, and foresee inventory and allocation issues before they happen.

Designed to make a planner’s life better, Boomerang has created the first machine learning-enabled merchant assistant to help planners focus their efforts on actions that can positively impact the business or avert performance issues before they strike across the entire product lifecycle.

Fibre2Fashion News Desk – India


Must ReadView All

Pressure on  Indian textiles exporters to ease by Q3: ICRA

Textiles | On 17th Oct 2017

Pressure on Indian textiles exporters to ease by Q3: ICRA

Pressures on the profit and debt levels of textiles exporters is...

S Korean fashion brands expand overseas amid slump at home

Fashion | On 17th Oct 2017

S Korean fashion brands expand overseas amid slump at home

South Korean fashion firms are keen on tapping into overseas markets...

GMAC urges Cambodia to push fabric-forward rule in RCEP

Apparel/Garments | On 17th Oct 2017

GMAC urges Cambodia to push fabric-forward rule in RCEP

Representatives from the Garment Manufacturers Association of...

Interviews View All

Siddharth Biyani
Mangalam Industries Pvt Ltd

‘The manufacturing sector is improving day-by-day, becoming better in...

Deepak Jain
Baggout

We are using Facebook and Instagram to promote ourselves

Top executives
Textile industry, India

Such fairs are a must for industry to showcase new innovations

Harsh Shah

Established in 1956 with a small beginning, Embee today manufactures a...

Abhishek Pachauri

Reckon Industries adapts latest systems for manufacturing from designing...

Rikesh Mistry

Jupiter Comtex Pvt Ltd, established in 1973, started its textile machinery ...

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer <b>Prathyusha Garimella</b> is known for blending ...

Vaanee Bhatia
Gritstones Clothing

<div>Delhi-based Gritstones Clothing offers quality and exemplary style...

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

October 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
76.9%
No
13.8%
Skip
9.2%

Total Votes: 65

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
61.5%
No
27.7%
Skip
10.8%

Total Votes: 65

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
84.6%
No
10.8%
Skip
4.6%

Total Votes: 65

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
73.8%
No
12.3%
Skip
13.8%

Total Votes: 65


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search