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Serena & Lily Takes Step Forward in Retail Planning with Bamboo Rose Partnership

In a significant move to modernize its operations, home furnishings brand Serena & Lily has expanded its collaboration with Bamboo Rose, a leader in enterprise retail technology solutions. This renewed partnership aims to integrate Bamboo Rose's advanced TotalPLM™ platform, powered by artificial intelligence, which will allow Serena & Lily to enhance its retail planning capabilities across the board.

The need for this upgrade arose as Serena & Lily recognized challenges within its existing workflows, particularly those dependent on outdated Excel-based planning tools. These traditional methods resulted in limited forecasting accuracy and a lack of cohesive visibility into inventory, prompting the brand to seek a more sophisticated and connected system.

What is TotalPLM™?

TotalPLM™ is more than just a product lifecycle management tool. This robust platform enables retailers to streamline processes from product development to inventory management. It offers an end-to-end solution that covers merchandise planning, allocation, and replenishment—all integrated into one cohesive platform. This functionality is crucial for a business like Serena & Lily, which thrives on both innovative design and operational efficiency.

By leveraging the AI capabilities of TotalPLM™, Serena & Lily aims to:

• - Eliminate manual efforts in planning, reducing labor costs and human error.
• - Enhance SKU-level forecasting, providing more precise inventory needs.
• - Create a single source of truth for buy plans, enabling informed decision-making.
• - Facilitate proactive scenario planning and strengthen collaboration across different departments.
• - Utilize AI-driven analytics to better manage stock levels, thereby minimizing overstocking and understocking issues.

Moid Alwy, COO of Serena & Lily, expressed his optimism, stating, "Delivering exceptional design and customer experience starts with strong internal alignment. With TotalPLM's comprehensive planning capabilities, we are laying the groundwork for more accurate forecasting, improved inventory visibility, and faster, smarter decisions." He further noted that these advancements are expected to significantly enhance the company's efficiency and profitability as it scales.

Why This Matters

The continuation of this partnership not only showcases Serena & Lily’s commitment to innovation but also highlights the growing relevance of AI in retail. As industries increasingly shift towards data-driven decision-making, the integration of Bamboo Rose’s technologies positions Serena & Lily to capitalize on market trends and consumer preferences efficiently.

Matt Stevens, CEO of Bamboo Rose, reinforced the significance of this partnership, noting, "This milestone with Serena & Lily reinforces the value of continuous innovation across the TotalPLM platform. Our comprehensive planning solution supports better decision-making and empowers more accurate planning and forecasting. We’re honored to be a part of Serena & Lily's continued success."

Projected analytics suggest that this sophisticated approach will yield a substantial return for Serena & Lily, with expectations of generating between $3 million to $8 million over three years through improved operational accuracy and inventory management.

Looking Ahead

As part of its ongoing commitment to showcase the capabilities of the TotalPLM™ platform, Bamboo Rose is hosting a webinar on September 11, at 11 a.m. ET, discussing innovations in retail planning. This webinar aims to offer insights into how leading brands are utilizing these tools for better alignment and speedy, clear planning.

For those interested in an in-depth understanding of the latest retail technology advancements, signing up for this informative session is highly recommended.

In summary, the expanded partnership between Serena & Lily and Bamboo Rose signals a robust future for the retail brand, steered by innovation and consumer-focused strategies. With AI at the helm, Serena & Lily is set to redefine its operational landscape, driving efficiency and profitability in an increasingly competitive market.