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Home / Knowledge / News / Information Technology / Quantum Retail wins 'Supply Chain Solution of the Year' award
Quantum Retail wins 'Supply Chain Solution of the Year' award
08
Dec '08
Since 2007, Quantum's Q solution has been used by New Look to manage its inventory replenishment and allocation processes across its 600 locations.

Having increased its retail space by 20% and diversified into online and franchise channels, New Look were seeking a superior replenishment solution to improve management of store/SKU demand and supply.

As well as Q's ability to help New Look manage and maintain its stock levels and provide visibility across the entire organization, the judges were impressed with Q's return on investment: going live in under seven months and paying for itself five months later.

Speaking after the award was announced at London's Grosvenor House, Quantum CEO Tarik Taman said, " In Q we've created a next generation inventory fulfillment module that determines inventory need anywhere in the supply network. We're very proud of what we've achieved but most importantly of what our clients have achieved."

After less than 6 months of operation, New Look were able to realize an increase in full price sales across the estate by 2%, with less stock. At the same time by reducing markdowns, gross margin increased by 4%.

New Look's Executive Chairman Phil Wrigley commented "Q has enabled New Look to move our supply chain from being buy driven to customer driven, whilst delivering impressive financial results. It is truly first class."

Quantum Retail


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