Thirty-One Gifts Optimizes Product Availability with TXT Maple Lake
To better manage its in-season planning professes such as inventory management and open-to-buy, Thirty-One Gifts, a direct-selling company, has rolled out an Integrated Retail Planning solution from TXT Maple Lake.
"Because of our business model which relies strongly on sales consultants’ activity and is very much driven by end-of-month sales, managing inventory and SKUs is absolutely critical to us, particularly as we transition seasons," explained Mike Mausteller, director of planning and merchandise control at Thirty-One Gifts. "We need to better align our inventory strategies with demand to avoid backorders and additional air freight charges. The TXT Integrated Retail Planning solution is helping us achieve ideal inventory management and optimized product availability."
Prior to the TXT implementation, the retailer relied on spreadsheets with planning executed at month and style level. Now, with the support of the software, users plan at a finer style, color or size level and with a weekly outlook. The solution also provides performance management and dashboards, which ensure greater transparency across the business, and ultimately support more accurate data-based decisions.
"The full planning team is using TXT and they really like the system. The solution has helped standardize the process, with everyone working and thinking in a coordinated fashion," noted Mausteller. "We chose TXT for their ability to support retail planning from end-to-end, as well as for the flexibility of the solution which is able to adapt to our growing business. Adoption among users has proven extremely smooth."
"Because of our business model which relies strongly on sales consultants’ activity and is very much driven by end-of-month sales, managing inventory and SKUs is absolutely critical to us, particularly as we transition seasons," explained Mike Mausteller, director of planning and merchandise control at Thirty-One Gifts. "We need to better align our inventory strategies with demand to avoid backorders and additional air freight charges. The TXT Integrated Retail Planning solution is helping us achieve ideal inventory management and optimized product availability."
Prior to the TXT implementation, the retailer relied on spreadsheets with planning executed at month and style level. Now, with the support of the software, users plan at a finer style, color or size level and with a weekly outlook. The solution also provides performance management and dashboards, which ensure greater transparency across the business, and ultimately support more accurate data-based decisions.
"The full planning team is using TXT and they really like the system. The solution has helped standardize the process, with everyone working and thinking in a coordinated fashion," noted Mausteller. "We chose TXT for their ability to support retail planning from end-to-end, as well as for the flexibility of the solution which is able to adapt to our growing business. Adoption among users has proven extremely smooth."