In Cognizant has completed the deployment of a merchandise planning platform for the Redtag Group, a Dubai-based chain of value fashion and home stores.
The platform will help the chain respond faster and more efficiently to the dynamic fashion retailing market by making better informed purchasing and pricing decisions based on detailed and executable merchandise plans. This will help Redtab maximize sales, profits, and inventory productivity, while minimizing costs.
By leveraging analytical capabilities to deliver accurate forecasts linking market events and sales results, the platform will enable the firm to eliminate plan discrepancies, optimize inventories, reduce markdowns, and drive process consistency across its 77 value fashion and home stores.
Built using the Oracle Retail Merchandise Financial Planning application, the platform provides a flexible merchandise financial planning solution with which Redtag can create strategic and detailed financial business plans and manage reconciliation and approval processes. Providing both pre-season and in-season planning, the Oracle Retail application supports retailers budgeting and open-to-buy or re-forecasting processes, and will help Redtag achieve the ideal product mix, and match demand and supply more accurately to deliver on customer expectations.
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