7thonline to Lead Best Practices Discussion on Inventory Optimization
Apparel West Event Convenes Industry Leaders to Explore Omni-channel Opportunities and Strategic Priorities
New York, NY – March 9, 2015 – 7thonline, Inc., a leading provider of cross-channel demand planning solutions to the wholesale and retail industries, announced it is sponsoring Apparel West, a premier industry event for Apparel, Footwear, and Accessories (AFA) brands and retailers, scheduled for March 25 in Los Angeles, CA. 7thonline will lead multiple Technology Topic briefings at the event that explore best practices in optimizing merchandise production and inventory using a systematic approach to capturing global demand signals—giving planners and merchandisers earlier visibility into profit opportunities and inventory risks.
Brands and retailers continue to spend millions of dollars on production and fulfillment systems to capture omni-channel market opportunities. However, many continue to overlook the demand planning process, forcing organizations to react instead of proactively managing demand signals. Fast-growing, leading retailers recognize that to increase inventory productivity and improve overall supply and demand alignment, they need a systematic, seamless approach to merchandise planning and allocation across all selling channels. 7thonline Fabrix enables this proactive approach. Industry leaders, including Brooks Brothers, Calvin Klein, Michael Kors, Oakley, Patagonia, Speedo, Under Armour, and VF Sportswear, leverage 7thonline’s innovative cross-channel merchandise and assortment management platform to optimize inventory positions for satisfied customers and improved financial results. At Apparel West, 7thonline will discuss opportunities and best practices for incorporating consumer demand signals into the PLM production process to optimize inventory across all selling channels.Details of the event:
- Who: Marco de Vries, Vice President of Marketing & Strategy, 7thonline
- What: Technology Topic briefing: “Optimize Inventory with Demand Planning and PLM”
- Where: Apparel West, The Reef, Los Angeles, CA
- When: March 25, 2015
“We see tremendous opportunity to unlock supply chain value and increase inventory productivity for brands and retailers,” said Marc Sprecher, Executive Vice President and Chief Commercial Officer of 7thonline. “Driving closer alignment between planning and production is a critical step to realizing this value. 7thonline can help, and we are eager to share proven best practices with industry leaders.”
“Omni-channel inventory optimization is both a challenge and an opportunity for the Apparel industry,” said Susan Nichols, Publisher at Apparel Magazine, Edgell Communications. “7thonline is a leader in cross-channel demand planning for the Apparel industry, and we are excited to have them sponsor the Apparel West event.” For additional information about Apparel West, visit http://apparel.edgl.com/2015-apparel-west.
7thonline is a leading provider of cross-channel merchandise and assortment management solutions to the Apparel, Footwear, and Accessories industries. Deployed in the cloud or as enterprise software, 7thonline solutions enable more effective planning, demand forecasting, and inventory optimization for fast-growing, omni-channel, leading brands. With embedded business intelligence and rich analytics, the company's solutions offer complete demand visibility and planning capabilities for wholesale, retail, and e-commerce—enabling increased sales, reduced markdowns, improved margins, and enhanced profitability. Customers include Bestseller, Brooks Brothers, Calvin Klein, Fast Retailing USA, G-III Apparel Group, GRI Retail Group (Hong Kong), Michael Kors, Nautica, Oakley, Patagonia, PVH and VF, among others. 7thonline is headquartered in New York, NY and has global offices in mainland China. To learn more, visit www.7thonline.com, read our blog at www.retailplanningblog.com, and follow us on Twitter at http://twitter.com/7thonlineInc.