Managing Retail and Fashion master data is very challenging. The creation and change of articles in SAP remain an inefficient, manual process. They are usually done via swivel-chair process via email, spreadsheets, and paper. Data volumes and complexity are ever-increasing, driven by omnichannel retailing. Changing regulations, demand planning, and margin pressures all require 'good' data and an efficient process.
Every retailer faces the challenge of effectively managing the creation and retirement of retail Articles, SKUs, etc. For the first time, SAP customers have an easy and integrated way to address this issue. MDG RFM provides flexibility for the merchandisers in the planning phase of master data. At the same time, it supports the governance model to enable the proper master data quality.
with Utopia’s data cleansing and enrichment services backed by 18 years of industry-leading experience and powered by state-of-the-art machine learning capabilities.
with SAP Master Data Governance for Retail and Fashion Management solution extensions by Utopia.
Utopia has helped many of the world’s leading retailers and fashion companies get these sort of hard dollar savings from their inventory, while also increasing customer loyalty and expanding brand awareness. We do this by ensuring that you have accurate, complete, and reliable information on articles you have created, ordered, delivered, and sold. We remove the risk of ordering unneeded and incorrect articles for your inventory.
A recent study found that nearly 19% of all inventory shrinkage can be attributed to administrative and electronic data errors.
Utopia allows you to achieve a 20% reduction in inventory carrying costs and a 40% reduction in operating expenses for article creation and maintenance by ensuring that you have accurate, complete, and reliable information on articles you have created, ordered, delivered, and sold. We transfer governance to the business and streamline the article creation and governance workflows and remove the risk of ordering unneeded and incorrect articles for your inventory.