India's Leading Fashion Retailer Shoppers Stop Extends JDA Software Investment to Streamline its Allocation and Replenishment Activities
Scottsdale, Ariz. th March 3, 2014 th JDA® Software Group, Inc.,today announced that Shoppers Stop, India's largest department store chain, purchased additional licenses of JDA® Allocation in the third quarter of 2013 to further strengthen the execution of its assortment strategies, achieve optimized store-specific size availability
(Media-Newswire.com) - Scottsdale, Ariz. – March 3, 2014 – JDA® Software Group, Inc.,today announced that Shoppers Stop, India’s largest department store chain, purchased additional licenses of JDA® Allocation in the third quarter of 2013 to further strengthen the execution of its assortment strategies, achieve optimized store-specific size availability, and drive improved sales and customer satisfaction.
The pioneer of modern retail in India, Shoppers Stop Ltd. has been instrumental in bringing about the retail revolution in the country. Since its inception in 1991, the company has introduced various retail formats in India and has become a benchmark for the Indian retail industry.
The purchase of additional licenses by the retailer comes in the wake of the marked improvements it experienced in assortment and allocation efficiencies after going live with JDA Allocation in 2013. The solution streamlined the existing replenishment methodology at Shoppers Stop by introducing an intelligent replenishment system, which accurately assessed the ability of a store to sell the products before stocking the inventory levels. It also enabled the retailer to efficiently target the optimal mix of products for each store and provided a quicker, more efficient process for creating and executing its allocation plans.
With Shoppers Stop looking to expand its footprint across more locations, it added licenses of JDA Allocation to adequately support its growth initiatives.
“The JDA solution has helped us standardize the merchandise allocation method across the entire supply chain,” said Govind Shrikhande, customer care associate and managing director, Shoppers Stop Ltd. “After rolling out the software in phase one, we’ve seen a marked improvement in inventory turns, which has contributed significantly to the increase in sales at the chain level. Moreover, sales of specific product categories in smaller stores have gone up significantly. An even inventory distribution across store locations has reduced instances of over-stocking and inter-store transfers, thereby resulting in greater supply chain efficiencies. We strongly believe phase two of the implementation will further integrate our planning and assortment efforts and lead to even fewer markdowns and better margins for the business.”
“We are delighted that Shoppers Stop has expanded its software investment in JDA,” said Amit Bagga, regional vice president, Asia Pacific, JDA Software. “The solution is a critical component of store replenishment methodologies as its takes all the guesswork out of assortment and inventory allocation. With fresher looking merchandise at the store, and increased inventory turns, Shoppers Stop can be ideally positioned to generate more cash and incur lower interest costs for the business, as it seeks to achieve its long-term growth objectives using JDA technology.”
Tweet this:.@ShoppersStop buys additional licenses of @JDASoftware Allocation for a more profitable approach to inventory. http://jda.com/twssa
About JDA Software Group, Inc. JDA® Software Group, Inc., offers the broadest portfolio of supply chain, retail merchandising, store operations and all-channel commerce solutions to help companies manage the flow of goods from raw materials to finished products and into the hands of consumers. JDA’s deep industry expertise and innovative cloud platform help companies optimize inventory, labor and customer service levels. As a result, JDA solutions have become the standard for the world’s leading retailers, manufacturers and distributors. To learn more, visit jda.com or email email@example.com.
“JDA” is a trademark or registered trademark of JDA Software Group, Inc. Any trade, product or service name referenced in this document using the name “JDA” is a trademark and/or property of JDA Software Group, Inc.
JDA Software Group, Inc. 14400 N. 87th Street Scottsdale, AZ 85260
This story was released on 2014-03-05. Please make sure to visit the official company or organization web site to learn more about the original release date. See our disclaimer for additional information.