Versace selects new tech partner to transform retail planning

Luxury fashion house Versace has selected a new tech partner to transform its retail planning.

The retailer has partnered with Board to enhance its global item planning process, calculating target stock levels against initial allocations.

Due to evolving challenges of global sourcing and the change in consumer purchasing habits, Versace recently revamped its retail strategy by opening new stores, strengthening their multi-channel approach and increasing investments in the efficiency of crucial business planning processes.

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Versace’s replenishment process has improved with more accurate forecasting, taking into account the rate of returns and transfers between stores, with the ultimate goal of improving and optimising stock positions across the entire distribution chain.

Board automated the decision process through algorithm-based planning proposals, guaranteeing scalability and security at every stage through an Intelligent Planning solution.

“Our selection of Board was influenced by sector expertise and qualified by the main consulting companies, demonstrating the reliability of Board’s technology,” Versace IT manager Francesco Loporcaro said.

“All of this together proved Board’s ability to support the ambitious evolution of our planning process.”



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