;
Home / Knowledge / News / Information Technology / New QuickAssortment version for leading fashion retailers
New QuickAssortment version for leading fashion retailers
31
Oct '11
Maple Lake, the retail software vendor with clients including Levis, adidas, Forever 21 and Donna Karan, has recently launched the latest, enhanced version of its QuickAssortment merchandise planning solution. The new release follows a successful project with a leading Swedish retailer, as well as other implementations already underway at Aeropostale and rue21 in the US.

Maple Lake says that its new software has been developed as a result of increasing demand among retailers for specialized IT systems that cope not just with identifying best-selling lines across store operations, but also with planning profitable ranges for other trading channels, including online, wholesale and international operations.

“With the impact of the economic downturn and extremely tough competition on the high street, retailers are increasingly looking towards developing their assortment planning capabilities across all channels,” says Bob Jolley, group commercial director, Maple Lake. “There's also far greater emphasis on maintaining profitability with tight cost controls, efficient inventory management and a growing need for financial analysis these days.”

New features and enhancements to the QuickAssortment solution include: greater ease in purchasing and buying processes, by integrating the planned quantities of goods to buy into any existing Purchase Order requirements; the inclusion of range visualization tools offers improved visibility and consistency of information, at an individual or store level, at least six months before orders are raised; more localized, channel focused assortments, with 'store clustering' being extended to include 'channel clustering' (in other words, looking at exactly what products should be allocated to individual sales outlets, whether regionally, internationally, online, or even allocating merchandise according to weather patterns and local preferences).

Benefits of using QuickAssortment include: increased speed, consistency, accuracy and clarity of decision making; the ability to build localized ranges of assortments quickly and profitably; exposing any financial risk in range planning, by, for instance, flagging up early on any potential problems such as too much stock coming from too few far-flung suppliers.

The software has been developed after relocating all of Maple Lake's global product development to new offices based in Leicester, UK, following 100% growth in annual sales and the signing of a number of large international software contracts.

The company claims that its sophisticated QuickAssortment planning solution is sufficiently comprehensive for larger retailers, whilst maintaining the 'ease-of-use' that's required of smaller businesses. The system can be integrated to any client's host system, yet is also highly configurable to the individual needs of the customer.

“Many retailers still use Excel spreadsheets for merchandise planning, so we're finding that buyers, senior management and merchandisers all like the look and feel of familiar Microsoft Office based tools,” says Jolley. “And everyone wants easy-to-use, visually-led IT solutions that still focus on the all-important numbers and bottom-line sales results.”

A new regional pricing model and other new features are being added to the next release, scheduled for December 2011.

Maple Lake


Must ReadView All

No tax on cotton fabric import from India to Vietnam soon

Textiles | On 9th Dec 2018

No tax on cotton fabric import from India to Vietnam soon

Under the free trade agreement between India and the Association of...

Courtesy: Businesswire

Textiles | On 9th Dec 2018

Endy being taken over by Sleep Country

Endy, Canada’s leading online mattress brand, is being taken over by...

Courtesy: Polartec

Textiles | On 9th Dec 2018

Polartec working with online retailer Backcountry

Polartec, the premium provider of innovative and sustainable textile...

Interviews View All

Karan Toshniwal, Orange O Tec

Karan Toshniwal
Orange O Tec

Contemporary industry is paying more and more attention to the...

Awen Delaval, Samatoa

Awen Delaval
Samatoa

'Natural fibres are appreciated for traditional authenticity'

Neel Sawhney, One Friday

Neel Sawhney
One Friday

‘The share of kidswear segment in the online sector is still small in...

C Dhandayuthapani,

C Dhandayuthapani

MAG Solvics Private Limited was established in 1991 to design and develop...

Pietro Turrin,

Pietro Turrin

Industrie Tessili Bresciane (ITB) has served numerous industries and...

Ravi Raj Desai,

Ravi Raj Desai

Himalaya Cotton Yarn Ltd manufactures high quality denier. The spinning...

Pierre Wiertz, EDANA

Pierre Wiertz
EDANA

Pierre Wiertz talks about the vast world of sustainable nonwovens and...

Alfonso Marra, Klopman

Alfonso Marra
Klopman

It was in 1968 that Klopman introduced the concept of poly/cotton workwear ...

Paige Mullis, Glen Raven Inc

Paige Mullis
Glen Raven Inc

Paige Mullis discusses the expansion plans of Glen Raven Inc in India, and ...

Amiben Shroff, Shrujan

Amiben Shroff
Shrujan

From its modest beginning in the late 1960s, Shrujan has grown into a...

Varsha Wadhwa, VW

Varsha Wadhwa
VW

Coming from a family that ran a business of jute and linen mills since...

Hemant & Nandita, Hemant & Nandita

Hemant & Nandita
Hemant & Nandita

The designer duo of Hemant & Nandita are known for being inspired by...

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

Leave your Comments


December 2018

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

news category


Related Categories:

Advanced Search