Accenture, a leading global professional services company, and SAP, a market leader in enterprise application software, have launched an initiative to extend SAP's current fashion management capabilities to a next-generation fashion management solution to accelerate the digital transformation journey for fashion, accessory and luxury retail brands.
The announcement comes after both companies announced in January 2016 a comprehensive program of ongoing collaboration on the core development and go-to-market for SAP S/4HANA.Accenture, a leading global professional services company, and SAP, a market leader in enterprise application software, have launched an initiative to extend SAP's current fashion management capabilities to a next-generation fashion management solution to accelerate the digital transformation journey for fashion, accessory and luxury retail brands.#
Accenture will help bring the vision to life in an in-memory edition of the solution, which plans to enable vertical integration across retail, wholesale, and manufacturing channels.
The next-generation fashion management solution aims to take advantage of the technology capabilities of SAP S/4HANA, the flexibility of cloud services and Accenture's deep retail industry knowledge. It is expected to help retailers build omnichannel solutions that manage inventory requirements more easily and effectively, and accelerate time-to-value to enable a customer-centric business. Retailers should be able to simultaneously view and manage retail, wholesale and manufacturing channels, allowing them to analyse and direct where and how products are stocked based on specific business rules.
With the help of Accenture, the next-generation fashion management solution from SAP will offer a truly vertical solution via end-to-end scenario integration across the extended retail supply chain. SAP S/4HANA enables game-changing new processes such as multichannel material requirements planning and order allocation with the ability to simulate scenarios that allow fashion organisations to effectively and efficiently run their businesses.
Jill Standish, senior managing director of retail at Accenture said, “Working to extend SAP S/4HANA to the fashion industry is the first of many planned actions in our collaboration. With our access to the platform code for SAP S/4HANA and our deep retail delivery capabilities, we are well-positioned to help retailers drive the most business value from SAP solutions and meet the unique needs of their industry now and in the future.”
Achim Schneider, global head, retail industry business unit, SAP said, “SAP and Accenture bring a culture of co-innovation to the table that has allowed us to collectively innovate and accelerate our development road map. The new solutions we are creating show a committed investment in our clients' future success.” (GK)
Fibre2Fashion News Desk – India
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