Enabling Collection Planning with TechnologyCollection planning is a holistic process that combines
creativity with
commercial viability. It requires input from multiple teams across your business, from creative designers to strategic planners, and involves both top-down and bottom-up decision-making.
Process StructureThe heart of collection planning lies in finding a balance between
strategic goals and
creative expression. Retailers often struggle to marry top-down planning (e.g., sales targets, merchandise goals, pricing strategies) with the more fluid, bottom-up creative processes (e.g., design trends, fabric choices).
Here’s the challenge:
- The top-down approach focuses on commercial goals—what are the sales targets, where is the brand positioned in the market, and what price points will resonate with your audience?
- The bottom-up approach is led by creativity—what’s on-trend, what will inspire customers, and what new designs will push the brand forward?
When these two perspectives don’t communicate effectively, you can end up with a collection that is either commercially viable but uninspiring or creative but unprofitable. The solution? Streamlining these processes so that strategic and creative teams work more cohesively. This often requires better communication, clear objectives, and shared data.
Tech IntegrationIf your internal culture and organisational structure are set for cross-functional collaboration, then you might want to integrate technology into your planning processes.
For many retailers, collection planning is still done through outdated methods, often relying on spreadsheets that require manual input. This can create unnecessary delays, errors, and blind spots. It also makes it harder to adapt to shifting market conditions quickly.
By integrating
technology into your collection planning process, you can streamline workflows and make better decisions based on real-time data.
Here’s how tech can help:
- Data Accessibility: Making high-quality data accessible to the entire team—from designers to merchandisers—ensures that everyone is working from the same playbook. Tools like Plytix and Centric PLM allow teams to centralise data and ensure seamless collaboration across departments.
- Forecasting: With access to predictive analytics and demand forecasting, you can better anticipate consumer preferences and ensure your collection resonates with the market. Solutions like RetailNext and StyleSage provide advanced forecasting tools that help retailers stay ahead of market trends.
- Market & Trend Analysis: Tools like trend forecasting platforms or competitor analysis software can bring in external data to refine your collection planning even further. WGSN, Edited and Enstyle provide trend analysis and competitor insights that can be easily integrated into your planning process.
By embracing technology, fashion retailers can make smarter, faster, and more data-driven decisions throughout the collection planning process, significantly reducing the risk of launching an underperforming collection.