Global footwear brands and retailers are leveraging Tecsys'
Elite™ and Omni™ software platforms to unlock omnichannel
distribution and fulfillment capabilities like inventory
virtualization, dynamic routing and order consolidation.
NEW YORK, Jan. 17, 2022 /PRNewswire/ -- Tecsys Inc. (TSX:
TCS), an industry-leading supply chain management software company,
is pleased to announce its growing leadership position in the
footwear industry across its Omni™ and Elite™ software
platforms and its capacity to meet the specific requirements
involved in omnichannel distribution and retail processes as they
shift to hybrid retail models.
The Tecsys platform serves as the central supply chain execution
cog in several footwear organizations across retail, distribution
and DTC markets, orchestrating logistics activities across channels
and optimizing complex inventory management and fulfillment
processes while upholding streamlined customer experiences.
The footwear industry is particularly suitable to network-wide
virtualized inventory and dynamic fulfillment because of the
complexity involved in inventory management that results from the
intersection of size variations and seasonality. Factoring in
half-sizes, consider the number of SKUs for one pair of shoes in
sizes 7 to 13, and in three colors, black, brown and tan; that is
39 unique products with unique demand levels for each pair.
Tecsys' distributed order management system, Omni™ OMS, enables
footwear retailers and direct-to-consumer brands to carry
distributed inventory across fulfillment locations, eliminating the
need to stock products with the lowest demand at every site. This
allows for more strategic inventory management that provides
reasonable access to SKUs while forward positioning the fastest
moving SKUs. The Elite™ product line enables enterprise-level
complex and converging markets to operate world-class warehousing,
delivery and fulfillment operations in order to gain control over
customers' service levels, throughput volumes, order turnaround
times, as well as warehousing costs, growth and profitability.
"It is no surprise that footwear companies are investing in this
kind of technology because they have historically been hit pretty
hard with end-of-line challenges where sizes or colors known to be
less popular are stockpiled because they wanted to make sure that
outlier customers are still accommodated. Tecsys software is a
pragmatic solution to that problem," says Guy Courtin, vice president and industry
principal for Retail at Tecsys. "By allocating product according to
demand and virtualizing slower moving inventory while reducing
buffers, retailers are able to satisfy consumer expectations
without swallowing enormous losses at the end of every season – all
the while hedging against customer disappointment because their
size is unavailable online or at a certain store."
One such example is Aetrex Worldwide Inc., one of the
fastest growing companies in the footwear industry and widely
recognized as the global leader in comfort and wellness footwear
products. Tecsys' Elite™ WMS has enabled Aetrex to grow rapidly and
achieve its strategic sales and customer services goals, such as
increased volume by 80% without additional staff, increased
inventory accuracy by 70% and reduced cost by 24%.
"[Tecsys] has enabled us to grow at a very aggressive rate, and
without it we would have not been able to achieve our strategic
sales and customer service goals, says John
Mattessich, director of distribution at Aetrex Worldwide
Inc. "We went from paper-based to RF technology in a VERY short
period of time; this leap has enabled us to increase our
productivity, our volume and be able to manage our distribution and
sales commitments, with a minimal increase in staff."
Staying at the forefront of unified commerce is a strategic
imperative for Tecsys customer Red Wing Shoes. The company's brands
are distributed to more than 110 countries in an immersive
multichannel environment of 525+ Red Wing retail stores,
third-party partners, and owned e-commerce platforms.
"We turned to Tecsys to help us modernize our omnichannel
infrastructure, and the results have been very positive," says
Dennis Keane, CIO at Red Wing Shoes.
"From selection through to implementation and execution, the Tecsys
team helped us chart a course for more resilient and more
profitable retail fulfillment operations. Not only does the Tecsys
platform enable us to fulfill orders more economically through
consolidation and dynamic routing, but we are also able to cater to
a new segment of digital consumer by providing more channels, more
flexibility, and better access to inventory. We are agile in our
online order fulfillment capabilities, and we know that we are in
good hands with the team at Tecsys."
Richard Sejean, director of e-commerce at Browns Shoes,
North America's leading
independent footwear chain, adds, "This implementation will enable
us to stay at the forefront of omnichannel retail for years to come
[and] ensures that we are able to provide our shoppers with
exceptional experiences regardless of how they choose to shop with
us."
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About Tecsys
Tecsys is a global provider of supply chain solutions that equip
the borderless enterprise for growth. Organizations thrive when
they have the software, technology and expertise to drive
operational greatness and deliver on their brand promise. Spanning
healthcare, retail, service parts, third-party logistics, and
general wholesale high-volume distribution industries, Tecsys
delivers dynamic and powerful solutions for warehouse management,
distribution and transportation management, supply management at
point of use, retail order management, as well as complete
financial management and analytics solutions. Tecsys' shares are
listed on the Toronto Stock Exchange under the ticker symbol TCS.
For more information on Tecsys, visit www.tecsys.com.
Copyright © Tecsys Inc. 2022. All names, trademarks, products,
and services mentioned are registered or unregistered trademarks of
their respective owners.
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SOURCE Tecsys Inc.
