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Voyager Fashion Forecasting automates pre-market planning
16 Mar '09
2 min read
Logility Inc announced that Logility Voyager Fashion Forecasting helps companies in the fashion industry improve pre-market demand planning for season collections and new product introductions, enabling greater forecast accuracy and cost reductions.
"Fashion-driven companies are faced with a unique set of challenges due to the volatility of collection trends, time pressures and the profit risks of launching today's newest fashions quickly each season," said Mike Edenfield, president and CEO, Logility. "This coupled with intense competition makes effective pre-market planning critical to boost profitability. Voyager Fashion Forecasting helps companies reduce the risk of new product introductions (NPIs) and gain a high degree of accuracy very early in the forecasting cycle to prevent problems that could potentially affect the bottom-line, like lost sales and excess inventory."
Voyager Fashion Forecasting automates and streamlines the budgeting and pre-season forecasting process with powerful analyses, historical intelligence, proven correction and panel ranking methodology to make projections more accurate and align investments in fashions that are most likely to produce orders and boost profitability. With early forecasting accuracy and the ability to dynamically model size curves, fashion-driven apparel, footwear and accessory companies can drive greater efficiencies throughout the supply chain by optimizing material purchases, leveraging production commitments and minimizing expediting charges.
Logility has a history of helping companies in the apparel and fashion industry optimize their supply chains to increase demand visibility, shorten lead times, reduce inventory risk and increase customer service levels.
"Fashion-driven companies are faced with a unique set of challenges due to the volatility of collection trends, time pressures and the profit risks of launching today's newest fashions quickly each season," said Mike Edenfield, president and CEO, Logility. "This coupled with intense competition makes effective pre-market planning critical to boost profitability. Voyager Fashion Forecasting helps companies reduce the risk of new product introductions (NPIs) and gain a high degree of accuracy very early in the forecasting cycle to prevent problems that could potentially affect the bottom-line, like lost sales and excess inventory."
Voyager Fashion Forecasting automates and streamlines the budgeting and pre-season forecasting process with powerful analyses, historical intelligence, proven correction and panel ranking methodology to make projections more accurate and align investments in fashions that are most likely to produce orders and boost profitability. With early forecasting accuracy and the ability to dynamically model size curves, fashion-driven apparel, footwear and accessory companies can drive greater efficiencies throughout the supply chain by optimizing material purchases, leveraging production commitments and minimizing expediting charges.
Logility has a history of helping companies in the apparel and fashion industry optimize their supply chains to increase demand visibility, shorten lead times, reduce inventory risk and increase customer service levels.
Logility Inc
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