NEW YORK - Nov 01, 2017
Infor, a leading provider of beautiful business applications specialized by industry and built for the cloud, today announced that Carhartt, a premium workwear brand since 1889, has selected Infor Retail Demand Management to help streamline operations and develop a reliable retail and wholesale planning solution. Part of Infor CloudSuite Retail, Infor Retail Demand Management is a transformative suite that enables an omni-channel approach that is cloud-native, predictive, and prescriptive, empowering retailers to build the assortments customers want and shape demand on a global scale.
"Infor and Carhartt have been partners for years," said John Hill, chief information officer, Carhartt. "The company's pulse on the retail industry, coupled with the continued advancements in its applications, prompted us to deepen our demand management capabilities into the intersection of Machine Learning and the Supply Chain Network. Our business is constantly growing and evolving, which is why we appreciate our partnership with Infor as we propel into the next era of retail and beyond."
Specifically, Carhartt will use Infor Retail Merchandise Financial Planning to better align sales plans with inventory investments and make sure that executives and buyers align on sales, margin, and inventory expectations. The application will also help Carhartt ensure retail decisions are made in alignment with corporate strategies, reduce markdowns or reactive promotions due to excess inventory, and evolve planning to support new strategies. Another part of the suite, Infor Retail Assortment Planning, will provide tools to create an assortment strategy, forecast all demand drivers-not just base-line demand, and achieve a better return on space (ROS) and return on inventory (ROI), ultimately improving overall sales and margins.
Carhartt has also decided to implement modules for item planning. Infor Retail Item Planning takes a modern approach to item planning that's more than a stack of disconnected spreadsheets. Powered by machine learning, this solution helps users ensure that each item contributes to sales and margin targets-without creating inventory hang-overs requiring huge markdowns.
"Infor's industry-specific applications are designed to meet the ever-changing demands of the retail industry, so our customers can be as agile as possible to move as quickly as the market does," said Corey Tollefson, senior vice president and general manager, Infor Retail. "Partnering with Infor, industry leaders such as Carhartt are able to take a holistic approach to the challenges facing modern retailers and depend on one next-generation system that can unify all commerce channels and synchronize valuable information so companies can put more emphasis and focus on the customer experience."
For more information, visit http://www.infor.com/industries/retail/.
About Carhartt, Inc.
Infor builds business software for specific industries in the cloud. With 16,000 employees and over 90,000 customers in more than 170 countries, Infor software is designed for progress. To learn more about Infor, please visit www.infor.com.