Retail and Fashion Management

The Challenge

Managing Retail and Fashion master data is very challenging. The creation and change of articles in SAP remains an inefficient, manual process. Usually done via swivel-chair process via email, spreadsheets, and paper. Data volumes and complexity  are ever-increasing, driven by omni-channel retailing. Changing regulations, demand planning, and margin pressures all require 'good' data and an efficient process.

The Solution

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.

GET THE DATA CLEAN

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.

KEEP THE DATA CLEAN

with SAP Master Data Governance for Retail and Fashion Management solution extensions by Utopia.

Reduce Inventory Carrying Costs

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Want to reduce your inventory carrying costs by 20%?

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 error.

Utopia allows you to achieve 20% reduction in inventory carrying costs and 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 as well as remove the risk of ordering unneeded and incorrect articles for your inventory.

One way to get started is to take a look at your article master data at no charge and share how you benchmark against achievable results. Want to take advantage of that?

SCHEDULE A CALL