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It’s not a well-kept secret that fashion is all about the new – more seasons, styles, and reasons to shop until you drop. But the fact that so many businesses are still hindered by outdated solutions is less talked about. (Yes, that is very ironic!)
To keep pace with the fast demands of the industry, companies must invest in the right Enterprise Resource Planning solution. But how does one find the best fashion ERP software?
Below, we delve into the ideal features and benefits that are found in prime-time fashion ERPs.
Understanding fashion ERP software
Fashion ERP software is the backbone of operations, providing a holistic view of a company’s activities.
It empowers businesses with real-time visibility across various aspects of their business, from design and manufacturing to distribution and sales.
Considering that disruption can be found almost anywhere today, having a unified view of operations is paramount to successfully identifying and resolving hiccups in operations.
But not any ERP will suffice. Most ERPs are generic in nature and do not support the nuances of fashion.
Key features found in the best fashion ERP software
Fashion-specific functionality: The best ERP solutions for fashion typically include specialised features such as colour, size, and fit handling, Season Management, Product Lifecycle Management, Product Data Management, material requirements planning, and BOM creation.
Comprehensive supply chain management: Granular visibility into operations enables smarter decisions throughout the entire supply chain.
Unified data management: Centralising data from various sources helps to inform your decision-making by consolidating insights from finance, customer engagement, supply chain, and eCommerce teams.
Real-time information: Up-to-date data on inventory, order statuses and deliveries ensures you never miss a beat, enabling agility and proactivity on all sides.
Cloud-based architecture: Modern fashion ERPs are hosted on the cloud, offering flexibility, scalability, and easier integration with other systems. This helps to reduce the total cost of ownership since there’s less need for on-premise hardware.
Industry-aligned processes: Top solutions offer standardised processes precisely aligned with the fashion industry, delivering operational efficiency at scale.
What benefits can you expect to see from the best fashion ERP software?
- Streamlined operations: By automating data entry and centralising information, the best fashion ERPs significantly reduce the burden of managing multiple collections and thousands of item variants.
- Improved decision-making: With real-time data and analytics, fashion brands can make more informed decisions about inventory, production, and sales strategies.
- Enhanced customer-centricity: By offering deep insights into consumer behaviour and preferences, fashion ERP software empowers brands to adopt a more customer-centric approach.
- Cost efficiency: Top-tier fashion ERPs help brands lower operational costs and increase revenue by optimising operations and reducing inefficiencies.
What are some of the best fashion ERPs?
K3 offers two leading apparel ERPs. The first – K3 Fashion – is embedded in Dynamics 365 Finance, Supply Chain Management and Commerce.
K3 Fashion supports every stage of the fashion lifecycle, supporting your entire business, whether you work in planning, designing, sourcing, buying, manufacturing inventory, distribution, or finance.
The second – K3 Pebblestone – is embedded in Dynamics 365 Business Central.
K3 Pebblestone equips brand owners, wholesalers, and manufacturers (including CMT companies) with a powerful, user-friendly solution that simplifies fashion workflows.
It enhances critical processes like planning, design, sourcing, logistics, purchasing, warehousing and finance.
Why Dynamics 365?
We mentioned that most ERPs aren’t built specifically to accommodate fashion, but that doesn’t mean they’re bad. In fact, Microsoft’s ERPs are market leaders offering unparalleled support for traditional ERP functions.
We chose to embed our solutions natively within Microsoft’s platforms to enhance and extend, making them “made-to-measure and ready-to-wear” for fashion companies.
Crucially, this keeps your tech stack simple since you will continually operate from inside one system, rather than jumping back and forth in multiple.
K3 – here to support you
The best fashion ERP software combines industry-specific functionality with comprehensive data management and real-time analytics. By selecting a solution tailored to the unique challenges of the fashion industry, companies can streamline their operations, improve decision-making, and ultimately drive growth and profitability.
Whether you’re a small boutique brand or a more prominent fashion manufacturer, investing in the right ERP software can be the differentiator you’re looking for.
With more than a decade of experience, K3 focuses exclusively on developing solutions that help brands, retailers, manufacturers and wholesalers thrive.
Fashion should be fun and creative, not technical and boring, and that’s why our solutions are designed to support, not hinder your creativity.
If you’d like to learn more about how we can help you, feel free to contact us today.
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