The watch and accessories maker says Vanguard Software combines out-of-the-box forecasting and planning capability with best-in-market process customization for global demand planning.
Vanguard Software won the bid to optimize global inventory levels and increase gross margins for Southern California-based Nixon, the watch and accessories lifestyle brand that markets custom built, team designed products to athletes, artists, and adventure enthusiasts worldwide.
“Vanguard’s module included all of the capabilities we needed off-the-shelf, but it also came with the ability to customize features to align with our unique processes,” said Luke Wilson, Director of Global Demand and Supply Planning at Nixon. “The ability to forecast down to the SKU-level, and across global channels and regions was crucial, as well as the ability to easily roll up forecasts and data for enterprise-scale reporting.”
Wilson also said that the system’s easy implementation, seamless data integration, and intuitive user navigation were additional deciding factors. “We had received some very positive feedback from some similar brands regarding the ease-of-use and implementation, Vanguard’s customer support, and the forecast accuracy of the system,” Wilson said.
Additional likes include:
- Reporting flexibility
- Dynamic forecast updating
- Multiple statistical models
“Everyone that we have spoken to has been very straight-forward and professional and very easy to work with around our busy schedules. We also have a very lean team currently, and Vanguard has been very understanding and supportive of that issue,” Wilson said.
With Vanguard’s forecasting and optimizations up and running, the Nixon planning team expects to improve demand and supply planning, optimize overall stock levels, and improve gross margins globally.
For the first time ever, Nixon will be able to plan demand and supply down to the SKU-level, based on actualized sales and historical data. The company also expects to improve product cost negotiations with vendors as a result of improved forecasting.
“Rolling out the Vanguard Supply Planning module along with completely new processes will increase our operating sophistication. We are also excited to be able to do this across multiple sales channels and with our teams around the globe, and then roll up the sales and inventory forecasts with ease (which is currently quite cumbersome),” Wilson said.
Based in Southern California, with offices in Europe, Australia, and Asia, Nixon creates team-designed, custom-built accessories for a life well-lived. Nixon grew out of a frustration at a lack of quality watches and has since grown into a group of athletes, rock stars, retailers, and dedicated loyalists that bring Nixon products to market. Fueled by adventures far and wide, Nixon delivers products that meet customer needs in various high-stress work and play environments.
About Vanguard Software
Vanguard Software introduced its first product for decision support analysis in 1995. Today, companies across every major industry and more than 60 countries rely on Vanguard Software’s Integrated Business Planning (IBP), forecasting and advanced analytic cloud platform. Vanguard Software is based in Cary, North Carolina.