Loehmann's selects MID Retail's planning and allocation software
New York -- MID Retail Inc. announced Monday that discount fashion retailer Loehmann’s has selected its Advanced Merchandise Planning and Advanced Allocation software to forecast store-level demand, accurately generate buying plans, and intelligently manage the flow of merchandise to retail stores.
“MID Retail’s tight integration between the planning and allocation processes, as well as its ability to completely automate our allocation workflows, will make our headquarters personnel more productive and ensure our customers experience strong in-stock positions at all our stores,” said Josh Rosenfeld, SVP planning and allocation for Loehmann’s.
Because Loehmann’s buys merchandise opportunistically, its buying processes aren’t strictly tied to particular seasons, brands or styles, according to the company. Its merchants need to plan for a full line of apparel available across the categories and sizes its customers want to find in each individual store – without always knowing what specific merchandise will fulfill the customer needs. As Loehmann’s buyers are able to acquire the actual merchandise, the company must then intelligently allocate to its stores based on real-time customer demand.
After reviewing a number of different software options, Loehmann’s selected MID’s Advanced Merchandise Planning and Advanced Allocation software because of its ability to add value across all of Loehmann’s sophisticated forecasting, planning, and allocation processes.