Infor Partners with Foresight Retail to Improve Merchandise and Assortment Planning to Reduce Waste
Infor recently announced a new partnership with Foresight Retail, a leader in delivering merchandise and assortment planning to help fashion brands and retailers improve inventory management and better balance supply to demand. Gary Lalli, Foresight Retail SVP global sales, says of the collaboration, “Working with the team at Infor enables us to offer a solution that supports the needs of fashion businesses, and our combined knowledge and experience will mean that we can provide fashion brands and private brand retailers with not only a quality solution, but also a team that can deliver real business insight and support.” Per the press release, the pain point for fashion brands is that this process is often managed outside the ERP system, making it prone to error and time consuming to manage. The major risk is that the overall planning mechanism is not accurate, leading to inventory excess or shortages. This partnership provides Foresight Retail a more robust fashion offering, with support on merchandise and assortment planning that includes financial planning, range planning for different sales channels, forecasting, inventory allocation and replenishment. Moreover, Foresight Retail’s modern solution offers preconfigured accelerators to cover standard planning needs and help speed deployment.
