"It’s no secret that fashion retailers are struggling. Smart ones, like Van Gils menswear, are taking innovative measures to turn the tide in their favor. But before the company could move forward, it had to modernize its outdated and inefficient processes. To do this, Van Gils recently implemented the Smart Supply stock optimization solution from ChainBalance in parallel with a brand new ERP system. Smart Supply automates and optimizes stock allocation and replenishment, based on dynamic stock management at the individual store and SKU level. It helps retailers make smarter stock replenishment decisions to improve product availability, increase profit margins, and reduce excess inventory and missed sales. It also lays the groundwork for moving to an innovative Vendor-Managed Inventory model that Van Gils believes will give it a strong competitive advantage."
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