Evant Solutions Will Tackle Inventory Optimization, Improve Process Efficiencies, and Support Store Growth for the World`s Foremost Outfitter
SAN FRANCISCO, June 14 -- Evant, a leading provider of planning, replenishment, and enterprise management software, today announced that Cabela`s, (NYSE:CAB) the nation`s largest mail-order, retail, and Internet outdoor outfitter, will implement Evant Replenishment and Evant Catalog Planning. Cabela`s will leverage these solutions to optimize inventory and service levels, improve efficiency of planning and replenishment processes, and support the growth of all of its business channels starting with the retail division. Cabela`s now has 11 superstores across the country, with seven more new stores announced. With aggressive growth plans, retail represents one of the company`s greatest opportunities for growth.
"As much wildlife museums and education centers as retail stores, our showrooms provide a truly unique shopping experience and have become popular destinations for outdoor enthusiasts," said Angelo Sakis, Cabela`s Vice President of Inventory Planning & Purchasing. "We plan to build on this momentum and aggressively expand our retail division over the next five years, opening several new Cabela`s stores throughout the United States. Evant will provide us with the scalability necessary to support this growth, while enabling us to optimize inventory, improve in-stock performance, and maintain superior customer service levels throughout the process."
With up to 240,000 square feet of floor space, Cabela`s destination superstores feature more than 90,000 SKUs, which vary depending on the season and the region of the country in which the store is located. Since customers often drive a great distance to reach a Cabela`s showroom, it is important to Cabela`s to exceed expectations in all areas of customer service.
"In the past, we had in-stock issues and missed sales opportunities due to disconnects between our stores and our distribution centers," said Sakis. "Evant Replenishment will allow us to bridge that gap, by creating a centralized process for managing inventory information, replenishing stores, and fulfilling catalog and Internet orders. With the increased visibility and multi-channel replenishment capabilities Evant offers, Cabela`s will be able to drastically reduce the amount of inventory needed to maintain excellent customer service levels throughout our enterprise -- reducing our cost of goods sold and maximizing our profitability."
Cabela`s will also be using Evant Catalog Planning to plan and manage assortments for the more than 60 different catalogs they distribute annually to more than 100 million readers within the United States and around the world. Cabela`s will join a number of other Evant customers -- including RedEnvelope, Lillian Vernon, and babystyle -- who are leveraging the advanced functionality of Evant Catalog Planning to satisfy the unique needs of their catalog businesses and factor demand into their inventory plans.
"Cabela`s is truly a pioneer in direct retailing -- having grown their business from a simple newspaper ad to the largest outdoor catalog company in the world," said Jack Harbaugh, Evant`s Vice President of Sales and Customer Development. "Evant looks forward to being a part of the next chapter in Cabela`s history, helping the company transform its business processes and technology infrastructure in order to maximize growth and profitability across its retail, online, direct, and business-to-business channels."
About Cabela`s
Cabela`s Incorporated, headquartered in Sidney, Nebraska, is the nation`s largest direct marketer, and a leading specialty retailer, of hunting, fishing, camping and related outdoor merchandise. Since the Company`s founding in 1961, Cabela`s has grown to become one of the most well-known outdoor recreation brands in the United States, and has long been recognized as the World`s Foremost Outfitter(R). Through Cabela`s established direct business and its growing number of destination retail stores, it offers a wide and distinctive selection of high-quality outdoor products at competitive prices while providing superior customer service. Cabela`s also issues the Cabela`s Club(R) VISA credit card through which it offers a related customer loyalty rewards program as a vehicle for strengthening its customer relationships.
About Evant Replenishment
Evant Replenishment is the industry`s most advanced integrated forecasting, replenishment, and allocations solution. At the heart of the solution is a statistical forecasting engine that combines proven forecasting techniques with sophisticated demand cleansing, as well as day-of-the-week and seasonal profiling tools. The system enables retailers to forecast demand more accurately and minimize their inventory investment by automatically adapting to changing demand patterns. Retailers gain maximum forecast accuracy for all types of demand, including seasonal goods, new items, promotions, and slow- movers.
About Evant Catalog Planning
Evant Catalog Planning is the only planning product that recognizes and supports the unique needs of direct retailers. Evant understands that timing, versioning, assortment attributes (such as page and space allocation), and forecasting methods are specific to direct retailing -- meaning you can`t treat a catalog like a store. Evant Catalog Planning supports catalog hierarchies, catalog-specific attributes, and the grouping of demand plans across multiple catalogs and channels to drive inventory plans.
About Evant, Inc.
Evant is leading the world`s top multi-channel retailers, wholesalers, and distributors into the new technological age by providing planning, replenishment, and enterprise management solutions that free up millions of dollars in working capital and enable greater competitive advantage. Clients such as Staples, O`Reilly Auto Parts, Lillian Vernon, babystyle, Camping World, and RedEnvelope choose Evant for its best-of-breed solutions that are based on the industry`s most advanced science, delivered on the IBM iSeries and J2EE platforms. The company is privately held and is headquartered in San Francisco, with operations in Atlanta and London. www.evant.com
CONTACT:
Holly Glennon
Evant
+1-770-222-1507
holly.glennon@evant.com
Back...
