From now on, KiK Textilien und Non-Food GmbH is using an AI-based software solution for its planning and distribution processes: The new platform, developed in collaboration with Impact Analytics, enables the company to manage its planning and pricing as well as its inventory and merchandise management dynamically and flexibly. This was revealed in a press release from
the fashion and lifestyle provider.
"With the new all-in-one solution, we can make informed decisions about our product planning based on real-time data," says Felix Vetter, Head of Merchandise Planning, Controlling & Development at KiK. "This platform will bring us noticeable increases in effectiveness in all areas of planning and management."
According to KiK, a central component
of the new software is an accurate forecast that serves as the basis for all planning decisions. The goal is to make goods distribution more targeted, demand-oriented, and economical, tailored to the specific requirements of each individual store.
"We can now make demand-driven product planning much better than before throughout the entire product lifecycle," says Vetter. "This
allows us to meet our customers' needs even more accurately in the future."
"We are very pleased to collaborate with such a successful retail company like KiK in digital transformation," says Prashant Agrawal, CEO and founder of Impact Analytics. "We want to help the company further improve its agility, precision, and customer orientation in an increasingly dynamic
