Swarovski Selects Tomax
Tomax Corporation is pleased to announce an agreement with Swarovski, world’s leading producer of precision-cut crystal, for the deployment of its Retail.net Merchandise Planning, Demand Forecasting and Inventory Management solutions.
“After an extensive review of the market we selected Tomax because of their superior model that connects strategic planning and operational execution,” said Bob Grant, VP, Supply Chain Management/Consumer Goods for Swarovski North America. “Unlike the many demand planning solutions on the market that were designed for manufacturing, the Tomax demand forecast was designed for retail and is superior because it works at the SKU level, by store, based on actual sales data. The Tomax solution also provides the sought after integration with our consolidated (retail and wholesale) sales and operations planning for North America and, as well, with our global supply chain partners.”
"The Tomax approach to retail software, integrating merchandise planning, demand forecasting, and inventory management, is truly refreshing. It allows our business to eliminate disconnected spreadsheets, and have a dynamic, comprehensive view of corporate planning & operational requirements,” said Rob Noller, Swarovski Vice President of Information Technology. “Their technical interface approach promises to provide timely, accurate and actionable information by leveraging source data in-place within our SAP ERP system, in some cases eliminating the need to maintain multiple data sets.”
“Swarovski is a luxury brand, and now, through an expansion of fashion oriented product lines, is experiencing significant growth, supported through an expansion of their retail operation. We are enormously proud to be associated with this prestige organization,” says Eric Olafson, CEO for Tomax.
Swarovski operates retail locations in the United States and around the world, in addition to its manufacturing and distribution operations. The initial Tomax Retail.net demand forecasting and inventorying management implementation will take place in the U.S., with plans for an international test and roll out in a subsequent phase. The Tomax solutions will provide Swarovski with highly accurate demand forecasts for each item in every store, up to 52 weeks into the future. These forecasts will be the basis for determining optimal inventory requirements for each store and throughout the supply chain. Retail.net will provide a more accurate view of the business, enabling improved calibration of product assortment with store demand, better store stock positions, and increased ability to perform to plan.
“After an extensive review of the market we selected Tomax because of their superior model that connects strategic planning and operational execution,” said Bob Grant, VP, Supply Chain Management/Consumer Goods for Swarovski North America. “Unlike the many demand planning solutions on the market that were designed for manufacturing, the Tomax demand forecast was designed for retail and is superior because it works at the SKU level, by store, based on actual sales data. The Tomax solution also provides the sought after integration with our consolidated (retail and wholesale) sales and operations planning for North America and, as well, with our global supply chain partners.”
"The Tomax approach to retail software, integrating merchandise planning, demand forecasting, and inventory management, is truly refreshing. It allows our business to eliminate disconnected spreadsheets, and have a dynamic, comprehensive view of corporate planning & operational requirements,” said Rob Noller, Swarovski Vice President of Information Technology. “Their technical interface approach promises to provide timely, accurate and actionable information by leveraging source data in-place within our SAP ERP system, in some cases eliminating the need to maintain multiple data sets.”
“Swarovski is a luxury brand, and now, through an expansion of fashion oriented product lines, is experiencing significant growth, supported through an expansion of their retail operation. We are enormously proud to be associated with this prestige organization,” says Eric Olafson, CEO for Tomax.
Swarovski operates retail locations in the United States and around the world, in addition to its manufacturing and distribution operations. The initial Tomax Retail.net demand forecasting and inventorying management implementation will take place in the U.S., with plans for an international test and roll out in a subsequent phase. The Tomax solutions will provide Swarovski with highly accurate demand forecasts for each item in every store, up to 52 weeks into the future. These forecasts will be the basis for determining optimal inventory requirements for each store and throughout the supply chain. Retail.net will provide a more accurate view of the business, enabling improved calibration of product assortment with store demand, better store stock positions, and increased ability to perform to plan.
