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Driving Next-Generation Merchandise Planning via Digital Transformation
Connecting leading Merchants to discuss the challenges and trends in data analytics, intelligent forecasting, and strategic planning, to create the most customer-centric products possible.
With the introduction of new digital platforms such as AI, Big Data Analysis, and digital forecasting tools, Merchants must now evaluate data analytics, patterns in online shopping behavior, and fluid pop culture & entertainment trends. This transformation requires a cultural shift of traditional retailers, designers, and manufacturers, that is centered on optimizing data and leveraging consumer insights to offer products and services that shoppers want.
This event will look not only at these new technologies that are revolutionizing the Merchants role, but also the key strategies and methodologies needed to create the most customer-centric products, whilst minimizing markdowns and returns.
An optimized line planning strategy is essential to ensure a comprehensive approach aimed at maximizing the effectiveness and profitability of the product assortment offered by a brand. Using data-driven and customer-centric approaches to determine the optimal mix of products, styles, variations, allows for price points that align with market demands and brand goals.
Accurate demand forecasting informs inventory management decisions, such as determining reorder points, setting safety stock levels, and planning for seasonal fluctuations. By aligning demand forecasting with inventory management, retailers can optimize their inventory levels, minimize costs, and ensure that they have the right products available to meet customer demand.
Product curation is the process of creating unique product collections that appeal to specific demographics or niche customer bases. Product curation leverages customer segmentation data and other personalization techniques to drive engagement and increase sales.
Customers prioritize the efficiency, convenience, and reliability of their purchase, seeking the most seamless experience when making purchase decisions. As a result, retailers must look to foreshadow customer demand to maintain healthy margins and stay competitive in a market where accessibility is para-mount.
Predictive analytics, combined with AI merchandise planning software, enables retailers to optimize pricing based on various factors, such as market demand, competitor analysis, and customer preferences. By leveraging dynamic pricing algorithms, retailers can set optimal prices that maximize profit margins while staying competitive in the market.
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HUGE win! Thank you PI Apparel for the brain food!VP PLM & Preproduction Technology , Ralph Lauren
The PI Apparel events are remarkable for the opportunities to hear from great speakers on topical content as well as one-on-one meetings with colleagues, vendors and thought leaders. This is THE event to attend for brands, educators and anyone who's looking for new and emerging technologies, concepts and inspiration.Consultant - Ralph Lauren, Ralph Lauren
We had a great experience attending PI Apparel LA23 and learning about the latest cutting-edge technology developments in the industry, as well as networking with like-minded professionals. I would highly recommend it to anyone looking to stay ahead of the curve in this rapidly evolving field.Investor Relations, StyleScan
PI Apparel is a great venue for us to meet with the leaders in apparel design and is an exciting place to learn about the future of the industry.Marketing Strategist, Bold Metrics, Inc.
The Think Tank session was fully packed and a great format for us. Service was great and they have taken good care of us.Managing Director, Coloro
Overall we really enjoyed the conference. The think tank was a great way for us to engage in an intimate conversation with delegates, and the content was on point.Co-Founder, MakerSights