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


Interviews View All

Top executives, Textile industry

Top executives
Textile industry

The budget will give major impetus to textile and apparel consumption

Amit Jain, Shingora Textiles Ltd

Amit Jain
Shingora Textiles Ltd

‘In terms of fabric, the fastest growing category for us is a blend of...

Rahul Bhadani, Looksgud

Rahul Bhadani
Looksgud

Navigating through catalogues is a bit hasslesome

Francesco Gozio,

Francesco Gozio

Italian company Marzoli is a leading manufacturer of the complete line of...

Nuria Estape,

Nuria Estape

Archroma is a global colour and specialty chemicals company headquartered...

Deepak Mundra,

Deepak Mundra

Surat-based Madhusudan Group is a vertically integrated textile...

Suresh Patel, Sidwin Fabric

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Larry L Kinn, Suominen Corporation

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Prof Seokheun (Sean) Choi, Binghamton University, State University of New York (SUNY)

Prof Seokheun (Sean) Choi
Binghamton University, State University of New York (SUNY)

A team of researchers from the State University of New York (SUNY),...

Cigdem Akin, Cigdem Akin

Cigdem Akin
Cigdem Akin

She has carved a niche for herself as the national brand of Turkey. Her...

Joe Ikareth, Joe Ikareth

Joe Ikareth
Joe Ikareth

<b>Joe Ikareth</b> has a rock-solid fashion and textiles background, which ...

Aneeth Arora, Péro

Aneeth Arora
Péro

The Woolmark Company has partnered with handmade fashion label Péro 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

Leave your Comments


October 2019

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

news category


Related Categories:

Follow us on instagram

Follow

Follow Fibre2Fashion On


Advanced Search