TXT e-solutions, European leader in software solutions for Demand & Supply Chain Management and the Binda group (Breil watches, jewels, and accessories, Wyler Vetta watches, Tribe Watches, D&G Dolce & Gabbana Time, Seiko, Lorus and Nike Timing, and Vertu mobile telephones) announce implementation, by Binda, of Demand Planning Boxed Solution (DP Boxed), a software solution for sales forecasting and planning.
DP Boxed is a solution that synthesises the skills and experience of Accenture and TXT in planning for companies managing a particularly dynamic and variable product range. It offers a complete set of support functionalities for devising accurate sales forecasts and for data analysis based on pre-configured and easy-to-use methodologies.
DP Boxed is based on the TXT-Demand Planning module of the TXT-SC&CM for Fashion suite Operational in just 3 months - explained Michela Ragazzini, Bindas IT Manager DP Boxed manages over 2,000 product codes and has been fully integrated within our application architecture. It receives input in the form of sell-in data from our ERP transaction system and sellout data from the POS system, used by a selected panel of our customers. Integration of DP Boxed has enabled us to (a) provide the parties involved in supply-chain planning and control with a constant update on market trends and company performance and (b) strengthen the data analysis tools available in Binda today thanks to full integration with Excel and with our data warehouse system.
An effective demand planning process further explained Marco Forzani, the groups Supply Chain Manager is vital for Binda, also because of the fashion-like environment in which the company operates i.e. with short product life cycles, frequent launches of new collections, and very irregular market dynamics. The DP Boxed solution, besides tools for more accurate sales forecasting, offers numerous functionalities supporting brand managers decision-making activitity including analysis of product margins, stock-out analysis, and actual-vs.-budget comparison. The solutions strengths are flexibility, ease of use, and constant monitoring of results obtained.
Via TXTs technology and Accentures established methodology continued Marco Forzani we have introduced a new way of working in the company, a new mindset. Today the demand planning process is more detached than in the past from the individuals subjective sensitivity and is a structured team process that involves the Logistics, Marketing, and Sales functions.
If we look at the benefits Marco Forzani concluded a first result already achieved is the shortening of planning times from 5 to 2 days. We also expect to reduce forecasting error by at least 15% with a consequent reduction of stock-outs and of slow-moving products.
Our collaboration with Binda, a historical group in the Italian market and a player in the forefront of the international scenario, is a source of great satisfaction for us stated Filippo Brega, TXTs Partner Development Manager and further confirms that, by optimising the combination of Accentures best practices and TXTs numerous experiences in the demand management field, it is possible to supply quality solutions fast, whilst also reducing execution risks and costs. In Bindas case, one of the primary factors for success was the quality of the project team, which was able to exploit Accentures skill and methodology in implementation of the TXT modules.