Predictive Model for Supply Chain of Luxury Fashion
Client: Festivibe
Our Valuable Client's Project
The Predictive Model for Supply Chain of Luxury Fashion project, initiated by Festivibe in October 2017 and ongoing, focuses on developing a predictive model that leverages global trends and in-house supply chain data. The objective is to assess risks and forecast potential returns on investment across various supply chain and demand scenarios. By analyzing market trends, the project aims to prevent over-purchasing of raw materials and ensure efficient distribution of finished products. Additionally, it seeks to establish a supply chain and procurement framework driven by data insights to optimize operations and enhance overall business performance.
Project Objectives
- Development of a predictive model based on global trend and in-house supply chain data to understand the risks and possible return of investment in different supply chain and demand modalities
- Analysis of market trend data to mitigate the over purchasing of raw materials and proper channelling of finished products
- Establish a supply-chain and procurement framework based on the insights developed
Project Output
Creavision’s data-driven approach, market insights, and machine learning based data visualization dashboard have elevated the procurement strategies and market driven.