In a progressive move, Accenture, a leading global professional services company in association with SAP, which is a market leader in enterprise application software, has launched an initiative to extend SAP’s current fashion management capabilities to a next-generation fashion management solution that will help fashion retailers accelerate visibility and integration across retail and wholesale channels. The new solution will also aid in fast-tracking the digital transformation journey for fashion, accessory and luxury retail brands.
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It may be noted that both the companies together announced a comprehensive programme of ongoing collaboration on the core development and go-to-market for SAP S/4HANA® in January this year.
“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,” said Achim Schneider, Global Head, Retail Industry Business Unit, SAP.
The next-generation fashion management solution aims to use technological capacities of SAP S/4HANA, flexibility of cloud services, and Accenture’s deep retail industry knowledge to help retailers build omni-channel solutions that will manage inventory requirements more easily and effectively, and accelerate time-to-value to create a customer-centric business. With this new offering, retailers will 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 according to specific business rules.
Speaking about this move, Jill Standish, Senior Managing Director of Retail at Accenture said, “Together, we combine the best thinking, IP and experts at all levels, including development, go-to-market, customer support and outcomes. 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,” adding, “Retail demands speed – whether interacting with customers, bringing new products to market, expanding into new geographies, integrating merged companies or driving operational efficiencies. Working to extend SAP S/4HANA to the fashion industry is the first of many planned actions in our collaboration.”
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In addition, both SAP and Accenture are working towards creating proprietary product extensions. The next-generation fashion management solution will offer a vertical solution via end-to-end scenario integration across the extended retail supply chain.
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