o9, a leading software company that is powering enterprise planning and decisioning models across 30-plus industry verticals with its groundbreaking, AI-powered Digital Brain platform, today announced its partnership with Chow Tai Fook Jewelry Group, a prestigious China-based jewelry retailer, to enhance its end-to-end retail planning capabilities.
Founded in 1929 and headquartered in Hong Kong, Chow Tai Fook operates around 6,000 retail stores across the region and features nearly 200,000 SKUs. The company sought to develop a more data-driven approach to its retail planning processes to minimize stockouts of high-demand products, strengthen allocation mechanisms to ensure the optimal product mix is provided to each store location, and better align its supply chain with market demands to expedite replenishment cycles.
Chow Tai Fook selected the o9 Digital Brain because it could provide a truly flexible and configurable platform that unifies Chow Tai Fook’s retail planning processes across assortment planning, merchandise financial planning, production planning, and allocation and replenishment on a single platform.
“As one of China’s foremost jewelry retailers, it is a top priority to digitize and transform our retail planning processes, as well as support global order consolidation and supply chain integration, to ultimately meet the needs of today’s consumers,” said Zhi Jun Hu, Deputy GM, Information & Communication Applications at Chow Tai Fook. “We look forward to collaborating with o9 not only as a platform provider, but as a long-term strategic partner that helps us to optimize our end-to-end retail supply chain and strategic planning initiatives.”
“As global retailers face multiple headwinds in addition to shifts in consumer demand, retailers that are investing in the technologies that can help them to build greater supply chain resilience can more likely maintain a competitive advantage and respond to market changes with greater agility,” said Chakri Cottemukkala, Co-Founder and CEO of o9 Solutions. “We’re pleased to work with Chow Tai Fook in unifying its retail planning capabilities to ensure that all decisions are data-driven and cohesive across the business.”
To learn more about o9 go to www.o9solutions.com.
