Machine Learning-Driven Solutions Will Help Optimize Inventories, Improve Demand and Supply Planning, Boost Factory Efficiency and Speed Product Roll-Outs
Infor, a global leader in business cloud software specialized by industry, announced a number of solutions designed to help omni-channel retailers and fashion brands optimize their inventories, improve demand and supply planning, boost factory efficiency and help take their fashion products to market faster.
The new, machine learning (ML)-driven solutions are Generally Available (GA) and include Infor Retail Allocation, Infor Omni-Channel Planning for Brands, the latest version of Infor CloudSuite PLM for Fashion, and the Infor Nexus RFID Scan & Pack solution.
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Jordan K. Speer, Research Manager, Global Supply Chain, at IDC, said, “Retailers that cannot minimize costs by optimizing for product planning, creation and movement through the end-to-end supply chain will not be able to compete. Optimization requires the ability to design, sample and produce as close to market as possible and to move inventory as quickly and efficiently as possible for both store and e-commerce operations.
“This requires, first, one view of inventory and, second, the ability to fulfill orders from whatever location is optimal, taking into account a wide array of constantly changing factors in real-time,” she noted. “Without unified software systems and analytics that provide visibility into one version of data, insight into that data and the ability to make smart decisions based on it, retailers will not be able to thrive in today’s market.”
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Rod Johnson, General Manager and Head of Americas, Infor, said, “Infor’s ongoing investments in machine learning and advanced planning will give retailers and fashion and lifestyle brands very powerful new capabilities. First, they will have an incredibly precise view of their component and finished goods demand and, second, they will have an execution platform that supports even shorter product lifecycles. This combination will reduce waste, labor and markdowns throughout their supply chains, from zippers to finished goods.”
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