SPEAKER 1:
Two logos, Boggi Milano
and Evo.
SPEAKER 2:
Boggi Milano started as
a small boutique
in 1939 to become
the fastest-growing
ambassador of
premium Italian menswear
fashion all over the world.
SPEAKER 1:
Paolo Selva.
PAOLO SELVA:
Passion, style,
innovation, and quality.
These are the pillars of the
success of Boggi Milano.
We currently have a network
of about 200 source.
We operate in 30 countries.
SPEAKER 2:
Nowadays, customers
expect responsiveness,
deep understanding of
their personal needs,
and consistently
excellent service,
all of which stress the
traditional capability boundaries
of supply chain systems.
SPEAKER 1:
Fabrics watches.
SPEAKER 3:
One of
the secrets of our success
has been always listening
to the peculiarities of every
single and each market.
SPEAKER 2:
Fashion is
not just about design.
Strategic management
of the supply chain
is how fashion makes
or loses money,
the backbone of fashion and
artificial intelligence is
the next generation
of technology to
deliver quality and consistency
in the supply chain.
SPEAKER 1:
Fabrizio Fantini.
FABRIZIO FANTINI:
Boggi Milano had developed
their supply chain system
for well over 20 years
in-house but this was not
anymore fit for their rapid
international growth.
Boggi needed a system to
adapt to changes
in local demands,
to predict sales, to
customize their offering
around the world.
In short, they needed the
smart supply chain system
that could rebalance inventory
availability in real-time.
SPEAKER 1:
A Hong Kong address.
SPEAKER 2:
The automated demand forecast of
Evo pricing uses unique assets,
such as proprietary data from
more than one billion
people in the world,
as well as observations of
over $100 billion of
sales every year.
Expert systems and
algorithms use
this data to allocate the right
products to the right stores at
the right time reducing
wasted overstock and
freeing up faster selling
inventory while
reducing complexity in
the supply chain building on
the Microsoft stack
with Azure SQL server,
and Excel to meet and
anticipate customer demand.
FABRIZIO FANTINI:
Evo pricing builds
autonomous systems
that create value.
Specifically, our supply
chain solution can
predict the demand of nearly
any product and service so
that we are able to optimize
the right volume at the right
place at the right time
every single day and
we built it on top of
Microsoft infrastructure
that users
are already familiar with,
so it's easy to use.
What we do for Boggi
specifically is to help them
predict how many pieces
that we sell every day,
for every store, for every size,
at the very granular level,
and then based on that we allow
them to diversify
their offering more
and therefore have
greater inventory
efficiency essentially,
selling more but with
less inventory overall,
is on the intuition that
every store only
needs a more fraction
of the overall product range
based on its local
seasonal demand.
SPEAKER 2:
The replenishment solution of Evo pricing
mapped out the potential
sales of each location and
recommended delivering
higher-demand articles from
the warehouse to the right
stores in the right sizes.
Also, items not selling well in
one location could be
transferred to another store,
transforming dead
inventory that risked to
be wasted into truly
profitable sales.
FABRIZIO FANTINI:
Evo pricing helped
Boggi Milano in just
seven weeks increase
its like-for-like
sales by four percent
even while reducing inventory
level by 12 percent.
Therefore, we increased a lot,
the inventory efficiency
of Boggi Milano.
Actually, store-to-store
transfers
were even more impactful,
increasing sales through
by an order of magnitude,
a whole order of magnitude,
meaning more than 10
times improvement
when we moved something
across different stores.
SPEAKER 2:
For Boggi Milano, less
really ended up
being more solving
the traditional conflict between
reducing inventory
and increasing sales,
the Microsoft-powered
solution of
Evo pricing fulfilled
both goals at once.
Within just seven weeks,
its simplified
inventory management,
reduced overstock
and fragmentation,
and eased warehousing
and storage issues
all while increasing full-price
sell-through and revenues.
Now, Boggi has a faster,
more agile supply chain enabling
better delivery to
customer demand
every day around the world.
PAOLO SELVA:
We always put a lot of
focus on innovation
and technology.
That's the reason why we
have partnered up with Evo
that has put AI at the
core of its business.
SPEAKER 1:
From outer space,
planet Earth
rotates from left to right.
Boggi Milano.
Boggi Milano and Evo.