The Chinese retail market is going through a transformative phase, and there is a high degree of eagerness to improve existing processes and systems using proven best practices.
New York, NY and Shanghai, P.R. China (PRWEB) July 23, 2014
7thonline, Inc., the leading provider of omni-channel merchandise and assortment management solutions to the retail and wholesale industries, today announced it has teamed with iSoftStone to host a seminar in Shanghai, China. The event, organized by local media outlet The Fashion Shop Magazine, will explore omni-channel merchandise planning and inventory management opportunities for local retailers.
This exclusive event will explore the foundational building blocks of effective merchandise and assortment planning in an increasingly omni-channel world. Retailers in China today face heightened competition from international brands such as H&M, Zara, and Uniqlo, in addition to a variety of local brands. Coupled with rapidly shifting consumer loyalty and rising production costs, these forces are presenting new demands on retailers and brands to optimize inventory, reduce waste, and improve margins. Effective planning and allocation are becoming major opportunities for Chinese retailers to align supply with demand, thereby offering assortments that are attractive to local consumers while reducing inventory and operating cost.
To harness these opportunities and increase competitiveness, retailers in China are transforming their processes and systems for planning and allocation. Solution providers such as 7thonline and iSoftStone offer proven solutions, industry domain knowledge, and local market insights to aid in this transformation. This event provides local CIOs and heads of merchandising an opportunity to learn and share best practices on effective planning and allocation.
What: Omni-Channel Merchandise Planning and Inventory Management Seminar
Who: Walter Fang, Chief Technology Officer and Senior Vice President, iSoftStone
Ben Lentini, Vice President, Planning Solutions at 7thonline
Raymond Sung, General Manager, 7thonline China
Anna Xu, Vice President, Retail Accounts, iSoftStone
Where: Millennium Hongqiao Hotel, Shanghai, China
When: Thursday, July 24, 2014
“The Chinese retail market is going through a transformative phase, and there is a high degree of eagerness to improve existing processes and systems using proven best practices,” said Max Ma, CEO of 7thonline. “This event provides an important opportunity for dialogue and exploration of the similarities and local nuances of planning and allocation for the purpose of driving bottom line impact. 7thonline is excited to team with iSoftStone for this event. We are well-positioned to share industry best practices accumulated from years of client engagement and apply that knowledge to current opportunities in China.”
Founded in 2001, iSoftStone is a leading China-based IT services provider serving both greater China and global clients. iSoftStone provides an integrated suite of IT services and solutions, including consulting & solutions, IT services, and business process outsourcing services. The company focuses on industry verticals that include technology, communications, banking, financial services, insurance, energy, transportation, and public sectors. iSoftStone's American depositary shares began trading on the New York Stock Exchange on December 14, 2010. For more information, please visit http://www.isoftstone.com.
7thonline is the leading provider of cross-channel merchandise and assortment management solutions to the retail and wholesale industries. Deployed in the cloud or as enterprise software, 7thonline solutions enable more effective planning, demand forecasting, and inventory optimization for premium, fast-growing brands. With embedded business intelligence and rich analytics, the company’s solutions offer complete demand visibility and planning capabilities for retail, wholesale and e-commerce—enabling increased sales, reduced markdowns, improved margins, and optimized working capital. Customers include Calvin Klein, G-III Apparel Group, GRI Retail Group (Hong Kong), Michael Kors, Nautica, Oakley, Patagonia, PVH, Under Armour and VF, among others. 7thonline is headquartered in New York, NY and has global offices in mainland China. To learn more, visit http://www.7thonline.com, read our blog at http://www.retailplanningblog.com, and follow us on Twitter at http://twitter.com/7thonlineInc.