Loewe speeds up the process
Spanish leathergoods brand Loewe has introduced a new system to cut time to market and to reduce stock-outs.
The supply chain project it has implemented is provided by software provider TXT e-solutions and is said to cut time to market by 10% as well as reducing stock-outs by 50%. The project covers the collection lifecycle from end-to-end, going beyond collection planning and development to include production planning, allocation and replenishment at stores. Established in 1846 and part of the LVMH Group, Loewe operates in 35 countries, and has 150 stores.
“We now have a collaborative product development environment, giving the 25-30 users the ability to easily share product and cost information both internally and externally,” said Marcelo Baltzer, director of systems and logistics at Loewe. “This has had positive effects on the quality and speed of product development. Other aspects of the project, specifically allocation, have helped us improve our service levels: time to market and replenishment to stores have both been improved, in turn reducing out-of-stock situations. The last process implemented has been the planning of production and raw materials procurements, which will allow us to further enhance delivery plans and service levels.”
