TXT e-Solutions see expertise in providing solutions to deal with Media & Entertainment companies' challenges pay off with more wins and stronger customer benefits.
TXT e-solutions, provider of Demand & Supply Chain Management solutions, has announced major bottom line benefits for its media & entertainment customers, as well as new important wins within the sector.
TXT is a specialist provider of supply chain solutions to the Media & Entertainment industry: TXTPERFORM2008 covers the unique requirements of the M&E value chain with best in class industry practices and unprecedented scalability.
The long standing experience in providing specialist supply chain solutions to the media & entertainment industry has resulted in TXT having customers from national and international record labels, high street music and media retailers and distributors; key names include: Entertainment Retail Group, HMV UK, MBL Group and Sony Music. "Our latest wins in this space -- states Stefano Lena, VP Global Sales & Marketing at TXT, demonstrate how the interest for TXTPERFORM2008 has been growing significantly in this sector. Companies recognise that we are addressing the ongoing changes and true business issues of this industry. Evolving customer behaviors, new distribution models, as well as technology advances such as digitalisation and online content, have generated a whole new level of complexity in the Supply Chain and our solution is extremely powerful in managing different demand signals."
Projects managed with TXTPERFORM2008 range from demand forecasting vital in a context with rapid innovation and where 75% of sales come typically in the first 3 weeks of launch to purchase planning and advanced S&OP, down to VMI and dynamic replenishment with tens of thousands of SKUs managed.
"We have invested deeply in the sector to deliver a comprehensive range of solutions which are backed with solid experience and a strong team of consultants - adds Alexandria Rumble, Global Product Marketing Director at TXT This approach is helping M&E leaders transform their supply chain practices to be truly demand-driven and integrated. They now understand demand more accurately, are able to optimise on shelf availability whilst lowering inventory levels and returns and also get tighter control of costs in a period which demands high return on investments".
Some of the key benefits TXT's Media & Entertainment customers have seen include:
Higher service levels to both consumers and retailers and store availability increased to 98%.
Sales up by 3% in peak periods.
Significant increase in stock availability for launches.
Advanced forecasting, best selling items more easily predicted, improved management of seasonality fluctuations.
Market driven replenishments: regional and individual store focus.
Visibility on real stock availability at multiple locations, 15-20% reduction in inventory.
Stock turn increase from 8.6 to 12 times.
Returns cut by 20%.