Fashion management is the latest area to gain a solution optimised for digital transformation, under the collaboration announced by Accenture and SAP in January this year on development and go-to-market approach for SAP S/4HANA.
The in-memory solution will enable vertical integration across retail, wholesale and manufacturing channels for fashion, accessory and luxury retail brands. It will build omnichannel solutions that manage inventory requirements easily and effectively, and allowing retailers to simultaneously view all channels, enabling analysis and direction of where and how products are being stocked based on specific business rules.
“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.
In addition to the core components of the solution, Accenture will also create proprietary product extensions. According to Accenture, the S/4HANA platform will enabling new processes such as multichannel material requirements planning and order allocation, with the ability to simulate scenarios.
“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,” said Jill Standish, senior managing director of retail, Accenture.
“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.”
