Fashion retailerLoewehas cut time to
market by 10% and reduced stock-outs by 50% after revamping its
product lifecycle and supply chain management systems.
Loewe, part of the LVMH brand
family, sells leather goods and upmarket accessories in 35
countries through more than 150 stores.
The company bought a suite of programs for product lifecycle
management and supply chain management developed for fashion
retailers by UK-based software house TXT e-solutions. The packages
are based on its
TXTPerform
suite.
The project with TXT covered the collection lifecycle from
end-to-end. This went beyond collection planning and development to
include production planning, allocation and replenishment at
stores.
Together these have improved forecast accuracy and allocation of
products to the stores, as well as reduced out-of-stocks by 50%,
and time to market by 10%, the company said.
Loewe's director of systems and logistics Marcelo Baltzer said
the 25-30 users in product development can now easily share product
and cost information internally and externally. "This has had
positive effects on the quality and speed of product development,"
he said.
"The last process to be implemented was the planning of
production and raw materials procurements, which will allow us to
further enhance delivery plans and service levels."
Loewe project manager Jose Luis Fernandez said the firm will now
redesign its logistics network as well as the distribution planning
of raw materials and finished products all along the supply chain
to get even more efficiency.