21/07/2010
By Scott Thompson
HMV UK has selected TXT e-solutions to strengthen its demand forecasting and replenishment processes. The project is driven by the need for the retailer to reduce inventory of its 140,000+ SKUs whilst at the same time improving on shelf availability across of all of its product categories.
Once the initial implementation is complete, the TXT solution will facilitate a deeper collaboration with HMV UK's suppliers, with them now being able to take a much more proactive role ensuring products successfully hit the shelf. "TXT was able to demonstrate a deep level of expertise in managing entertainment products with very short life cycles - their understanding of our business challenges was further reinforced by the fact that they are already working with two of our biggest suppliers in the music industry. I am confident the project will have many benefits for us including most significantly, reduced inventory and an increase in sell through leading to a boost in profitability," says Shaun Carney, finance director at HMV UK.
