Versace fashions retail planning

Luxury brand Versace has selected a new tech partner to transform its retail planning

Due to evolving challenges of global sourcing and the change in consumer purchasing habits, Versace recently revamped its retail strategy by opening new stores, strengthening their multi-channel approach and increasing investments in the efficiency of crucial business planning processes.

It has now turned to Board to transform the global Item Planning process, calculating target stock levels against initial allocations. The replenishment process has been made even more sophisticated by more accurate forecasting, taking into account the rate of returns and transfers between stores, with the ultimate goal of improving and optimising stock positions across the entire distribution chain.

Board automated the decision process through algorithm-based planning proposals, guaranteeing scalability and security at every stage through an Intelligent Planning solution.

Francesco Loporcaro, IT manager at Versace, said: “Our selection of Board was influenced by sector expertise and qualified by the main consulting companies, demonstrating the reliability of Board’s technology. All of this together proved Board’s ability to support the ambitious evolution of our planning process."