TXT, a European supply chain software vendor, will be using this years Retail Solutions show in June at Birminghams NEC to unveil new advancements in its retail suite, TXTPERFORM, as well as to announce particular developments for fashion, footwear and apparel companies with a package dedicated to PLM (Product Lifecycle Management).
Working with the likes of Habitat, Gucci and Cadbury Schweppes, TXTs technology has been developed to analyse sales data and use statistical algorithms to determine accurate demand forecasts in real time. Using various add-on modules offered by TXT, many retailers and their suppliers have been able to increase their profitability through improved assortment planning and making sure that the right products reach the right stores at the right time. Other benefits cited by those using TXTPERFORM in retail include reducing surplus stock, less markdowns, fewer stock-outs, improved collaboration and faster replenishment. The company is currently working on enhancements to its range optimisation software as part of a planned release of third generation software by the end of the year, as well as adding a new store clustering business intelligence module. New features range from enhanced promotion planning tools to the ability to personalise the software to individual needs, whether in fashion, furniture or food retailing. A recently signed partnership with Visual Retailing B.V has extended the scope of TXTPERFORM merchandise planning to include visual merchandising and helping plan store layouts.
For fashion, a combination of demand planning, PDM (Product Data Management), and SRM (Supplier Relationship Management) software has led to a new TXT offering in the marketplace: a packaged end-to-end Product Lifecycle Management solution. With more than 150 clients and a deep knowledge of the textile, fashion and retail markets, TXT is already supporting leading companies in the PLM processes, including: Calvin Klein Jeans, Valentino Fashion Group, Dolce & Gabbana, Geox, Champion and Fendi. The benefits obtained can be measured in terms of: shorter time to market for new products, higher performance in new product launch activities, and more control over supply chain costs. TXTPERFORMs distinctive feature is the ability to integrate the creative, productive and retail processes in a highly seasonal and volatile market, namely: product data management, demand forecasting and collections budgeting, assortment and production planning, and operational management of supplies to the stores.
Consulting services is another area which TXT is promoting in 2006, with the launch of a Customer Club to allow customers to give regular feedback on the use of TXTs software, as well as a high level of support and expertise offered by its trained consultants. The announcement, at its annual conference in Venice, follows the acquisition in March 2006 of a company specialised in IT consulting services, TecnoTeam. The company also announced 2005 revenues of ?54.6 million, an increase of 12%, and sales up 60% internationally. New customers in 2005 included Gucci, Swatch, Tommy Hilfiger, Hugo Boss, Chantelle and Louis Vuitton.