New season, same old worries… nothing new, my friend.
If Twitter were a bit better, the trending topics this 2023 would be #inflation, #supplychain, #recession. Quite a party.
But, yes, there is always a but, otherwise what a depressing post, right? Artificial Intelligence has arrived to give us a breath of fresh air. And yes, it already existed before ChatGPT and Dall-e or NightCafe.
Which is the part of fashion that suffers the most from all the supply chain issues?
Stock and the fine line between how much to order and where to ship it so you don’t go over or under your actual needs.
According to a recent Greenpeace study, 73% of the clothes produced each year are burned or thrown away. Not to mention the 85% of unused fabrics that also end up in landfills.
Yes, that little big pile of garments (and fabrics) that are hidden among the shelves of warehouses around the world and are waiting for their ticket to the Atacama Desert.
The dream of remaining without a single garment from the previous season is a utopia. Come on, it’s easier to win the lottery every week. But there are ways to reduce it as much as possible.
To send overstock to exile, we can act at different points in the chain, but today we will focus on what we can do when we have already manufactured the collection.
In the online world there are several tools that you already know and can help you distributing your stock and avoiding returns, have you heard about size recommendation? .
But what about the physical world?
AI to the rescue! Yes, Artificial Intelligence is good for more than just decorating your instagram (or linkedin) feed and can help you reduce that overstock by up to 40%.
Do you know what ROIvolution is?
It is the cavalry of Artificial Intelligence, Analyticalways’ balancing tool that is comfortable on the fine line between overstock and stock-outs.
Before, during and after, it will recommend the best solutions so that your production has a welcome home and does not end up banished.
With Pre-Season, In-season and Vendor Management you can stand up to omnichannel stock management.
If you want to know more you can click here, Analyticalways will tell you about it better than me 🤗
What about the fabrics?