LEVERAGING V NET TO MANAGE DISPARATE SUPPLY CHAINS
Over the last 2 years Target and V Net have expanded on our partnership to leverage the spirit of collaboration across suppliers, Target and V Net, leveraging the V Net system to improve store by product allocations and to partner with V Net to solve business problems and innovation.
AT A GLANCE
Mass Merchandise and Department Store retailers range products that have different supply chain models and demand profiles. Fashion Departments operate on an overseas manufacturing model utilizing ratio packs which need to be planned months in advance, but allocated based on predicted store requirements and seasonal mark down cycles. Hard Goods product segments have thousands of the new lines, ranged SKU’s as well as reactive promotional cycles. Other product segments like consumer electronics have short life cycles and constrained stock. Merchandise teams have a difficult time aligning the different demand planning requirements and consumer needs, across these disparate products and horizons.
V Net’s configurable demand planning and allocations platform utilizes the MS Azure Intelligent Cloud to execute AI/ML forecasting and create virtual allocations.
By using V Net, Target now has the ability to manage demand planning, forecasting, allocations, and replenishment orders across a variety of departments, including fashion, toys, home entertainment, books, technology, homewares, and health & beauty.
V Net provides a single environment to manage the various planning cycles and activities that occur inside these departments.